Lvm Capital Management Ltdmi buys $921,161 stake in Mercantile Bank Corp. (MBWM)

Mercantile Bank Corp. (MBWM) : Lvm Capital Management Ltdmi scooped up 30,634 additional shares in Mercantile Bank Corp. during the most recent quarter end , according to a recent disclosure to the SEC on Apr 4, 2016. The investment management firm now holds a total of 43,451 shares of Mercantile Bank Corp. which is valued at $921,161.Mercantile Bank Corp. makes up approximately 0.29% of Lvm Capital Management Ltdmi’s portfolio.

Mercantile Bank Corp. closed down -0.22 points or -1.03% at $21.2 with 31,558 shares getting traded on Monday. Post opening the session at $21.47, the shares hit an intraday low of $21.17 and an intraday high of $21.6 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

Mercantile Bank Corporation is a bank holding company. The Company owns Mercantile Bank of Michigan (the Bank). The Bank is a state banking company. The bank through its approximately 53 office locations provides commercial banking services primarily to small- to medium-sized businesses and retail banking services in and around the West and Central portions of Michigan. The Bank makes secured and unsecured commercial construction mortgage and consumer loans and accepts checking savings and time deposits. The Bank owns approximately 53 automated teller machines (ATM). Its bank also enables customers to conduct certain loan and deposit transactions by personal computer and through mobile applications. Courier service is provided to certain commercial customers and safe deposit facilities are available at its office locations.

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