Mercantile Bank Corporation and Eastern Michigan Financial Corporation have received all regulatory approvals for their merger.
The merger is expected to be completed on December 31, 2025, pending shareholder approval and other closing conditions.
The combined entity will operate as a two-bank holding company until the consolidation of Eastern Michigan Bank into Mercantile Bank in 2027.
Regulatory Approvals Received
All necessary regulatory approvals have been obtained for the Mercantile-Eastern merger.
Expected Merger Date
The merger is scheduled to be finalized on December 31, 2025, pending shareholder approval.
Strategic Combination
The merger aims to create significant value for shareholders, customers, employees, and communities.
- The merger will allow Mercantile Bank Corporation to expand its operations and services through the addition of Eastern Michigan Bank's branches and resources.
- Eastern Michigan Bank's strong market share and legacy of community service will complement Mercantile's existing offerings, enhancing the overall value proposition for customers.
The approval of all regulatory requirements marks a significant step towards the completion of the merger between Mercantile Bank Corporation and Eastern Michigan Financial Corporation, promising a strengthened position in the banking sector.