Mercantile Bank Corporation Announces Completion of Merger with Eastern Michigan Financial Corporation

Core Viewpoint - Mercantile Bank Corporation has successfully completed its merger with Eastern Michigan Financial Corporation, enhancing its ability to serve Michigan's communities and businesses [1][3]. Group 1: Merger Details - The merger will see Eastern Michigan Bank operate alongside Mercantile Bank until the first quarter of 2027, after which a consolidation is planned, pending regulatory approvals [2]. - Eastern shareholders will receive $32.32 per share and 0.7116 shares of Mercantile common stock for each share of Eastern common stock [3]. Group 2: Company Overview - Mercantile Bank Corporation, based in Grand Rapids, Michigan, now includes Eastern Michigan Bank, creating one of the largest Michigan-based banking organizations with total combined assets of approximately $6.9 billion [4]. - The combined institutions aim to provide personalized financial products and services, emphasizing exceptional service and community commitment [4].