Mercantile bank corporation and eastern michigan financial corporation announce definitive merger agreement

Partnership strengthens mercantile's position as michigan's largest bank by total assets, enhances core deposit base and liquidity, and accelerates growth in key markets grand rapids, mich., july 22, 2025 /prnewswire/ -- mercantile bank corporation ("mercantile") (nasdaq: mbwm) and eastern michigan financial corporation ("efin") (otcid: efin) today jointly announced that they have entered into a definitive merger agreement pursuant to which efin and its wholly owned subsidiary, eastern michigan bank ("eastern"), will combine with mercantile in a cash and stock transaction valued at approximately $95.8 million, as detailed below.
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