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Posted 17 October, 2023

MERCANTILE BANK CORP appointed new CEO

CEO Change detected for ticker Nasdaq:MBWM in a 8-K filed on 17 October, 2023.


  On October 17, 2023, Mercantile Bank Corporation ("Mercantile") announced that Robert B. Kaminski, Jr. intends to retire as President and Chief Executive Officer of Mercantile and Raymond E. Reitsma will be appointed to those positions effective June 1, 2024.  

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Overview of MERCANTILE BANK CORP
Financial Services • Banking
Mercantile Bank Corp. operates as a bank holding company for Mercantile Bank of Michigan. It offers checking and savings accounts, credit and debit cards, mobile and Internet banking, business loans, mobile wallet, health savings account, and treasury management services. The company was founded on July 15, 1997 and is headquartered in Grand Rapids, MI.
Market Cap
$620M
View Company Details
MERCANTILE BANK CORP by TradingView
Relevant filing section
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. 



 
Announcement of Management Succession Plan 

 

On October 17, 2023, Mercantile Bank Corporation ("Mercantile") announced that Robert B. Kaminski, Jr. intends to retire as President and Chief Executive Officer of Mercantile and Raymond E. Reitsma will be appointed to those positions effective June 1, 2024. Mr. Kaminski also intends to retire as Chief Executive Officer of Mercantile's wholly-owned subsidiary, Mercantile Bank (the "Bank"). Mr. Kaminski will continue to serve as a director of the Board of Directors of Mercantile following Mr. Reitsma's appointment. Mr. Reitsma will continue in his current role as Executive Vice President and Chief Operating Officer of Mercantile until June 1, 2024. Mr. Reitsma's role as President of the Bank will not be affected by the management succession plan.

 

A copy of the press release announcing the management succession plan is attached as Exhibit 99.1 to this report and is incorporated here by reference.