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

Dec. 31, 2025 — Mercantile Bank Corporation completed its merger with Eastern Michigan Financial, effective that date, the company said.
The strategic combination aims to unite Mercantile Bank Corporation and Eastern Michigan Financial Corporation, combining shared values and ensuring a smooth transition for Michigan's families, businesses and communities.
Under the agreement, Eastern shareholders receive $32.32 per share plus 0.7116 shares of Mercantile common stock, and the combined organization holds assets of $6.9 billion.
The acquired Eastern Michigan Bank will operate alongside Mercantile Bank until the first quarter of 2027, with consolidation subject to Federal Deposit Insurance Corporation and Michigan Department of Insurance and Financial Services approvals, while officials cautioned integration risks could affect results.
Mercantile said the combination will better support local businesses and neighborhoods in Michigan but cautioned forward-looking statements involve risks and uncertainties.

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

GRAND RAPIDS, Mich., Dec. 31, 2025 /PRNewswire/ -- Mercantile Bank Corporation (NASDAQ: MBWM) ("Mercantile") announced today the completion of its previously announced merger with Eastern Michigan Financial Corporation ("Eastern"). This strategic combination brings together two financial institutions with shared values…

9 days ago·Denton, United States

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