Mercantile Bank CorpMercantile Bank Corp - ESG Rating & Company Profile powered by AI

Industry Group:Banks

The webpage of Mercantile Bank Corp was assembled by All Street Sevva using advanced machine learning. Browse to the end of the webpage for potential risks for Mercantile Bank Corp based on industry, location and marketcap. The Disclosure score covers seventeen UN Sustainable Development Goals including: 'Gender Equality', 'Sustainable Cities & Communities' and 'Peace, Justice & Strong Institutions'.

Mercantile Bank Corp in the Banks industry gained a UN SDG ESG Transparency Score of 3.4; made up of an environmental score of 5.3, social score of 2.3 and governance score of 2.7.

SDG Transparency Score for Mercantile Bank Corp 

3.4

Low Impact
0 - 3
Medium
4 - 6
High
7 - 10
Last Score Update: 2024-05-01
What drives the score for Mercantile Bank Corp 
5.3

Environmental

2.3

Social

2.7

Governance

Detailed ESG Breakdown
SEVVA Platform offers unique drill down to the underlying sources powering the ratings. Break down your ESG analysis by 17 UN SDGs and 8 additional governance factors.

Peer Group Comparison

RankCompanySDG Transparency Score Performance
1Landesbank Baden Wuerttemberg
9.5
High
2UniCredit Bank AG
9.0
High
.........
1050Societe Generale Ghana Ltd
3.5
Medium
1050Soneri Bank Ltd
3.5
Medium
1063Mercantile Bank Corp
3.4
Medium
1063Banco Macro SA
3.4
Medium
1063Bank Al-Habib Ltd
3.4
Medium
.........
1885sakartvelos bank'i ss
0.0
Low
1885AlphaCredit Capital, S.A. de C.V.
0.0
Low
.........
View the full peer group of 2920 companies on the SEVVA platformSign up for free
Peer Companies Benchmark
SEVVA Platform benchmarks each company against a peer group. View the full score distribution for peers by logging into SEVVA

Frequently Asked Questions

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Potential Risks for Mercantile Bank Corp
These potential risks are based on the size, segment and geographies of the company.

Mercantile Bank Corporation operates as the bank holding company for Mercantile Bank of Michigan that provides commercial and retail banking services to small- to medium-sized businesses and individuals in the United States. It accepts various deposit products, including checking, savings, and term certificate accounts; time deposits; and certificates of deposit. The company also offers commercial and industrial loans; vacant land, land development, and residential construction loans; owner and non-owner-occupied real estate loans; multi-family and residential rental property loans; single-family residential real estate loans; home equity line of credit programs; and consumer loans, such as new and used automobile and boat loans, and credit cards, as well as overdraft protection services; and residential mortgage and instalment loans. In addition, it provides courier services and safe deposit facilities; and insurance products, such as private passenger automobile, homeowners, personal inland marine, boat owners, recreational vehicle, dwelling fire, umbrella policies, small business, and life insurance products, as well as owns 22 automated teller machines and 19 video banking machines. As of January 18, 2022, the company operated 44 banking offices. Mercantile Bank Corporation was incorporated in 1997 and is headquartered in Grand Rapids, Michigan.

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