Mercantile Bank Corporation Raises Additional $15 Million of Subordinated Notes

GRAND RAPIDS, Mich., Jan. 14, 2022 /PRNewswire/ — Mercantile Bank Corporation (NASDAQ: MBWM) (“Mercantile” or the “Company”) today announced that it has issued an additional $15 million of its 3.25% fixed-to-floating rate subordinated notes due 2032 (the “Notes”) in a private placement….