This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Mercantile Bank Corporation Announces $100,000 Contribution To Support Local Upward Bound Program

GRAND RAPIDS, Mich., Jan. 28, 2013 /PRNewswire/ -- Mercantile Bank Corporation (NASDAQ: MBWM) ("Mercantile") announced today its contribution of $100,000 to the Upward Bound Program, an organization that provides fundamental and financial support to participants in their preparation for college entrance.  Mercantile will donate $50,000 to each of the two foundations that support the local Upward Bound Program in Grand Rapids, Michigan. 

Upward Bound is a national program that was started locally by both Grand Valley State University and Grand Rapids Community College in 1978 for students enrolled in Grand Rapids Public Schools.  The Grand Rapids program, which currently has 193 enrollees, provides opportunities for students to succeed in their pre-college performance and ultimately in their higher education pursuits. Upward Bound serves high school students of low-income families and potential first generation college students with the ultimate goal of increasing the rate at which participants complete secondary education and enroll in and graduate from college.  Students begin enrollment into the program during their freshman year of high school, at an annual cost of approximately $5,000 to financially support each student for the entire program. 

Upward Bound programs provide academic instruction in mathematics, laboratory sciences, composition, literature, and foreign languages, as well as tutoring, counseling, mentoring, cultural enrichment, and work-study programs.  These programs are designed to assist students from groups that are traditionally under-represented in post-secondary education.  Within the Grand Rapids program, 95 percent of the students that have enrolled in Upward Bound successfully completed the program and more than 90 percent have gone on to college. 

"2012 was a successful year for Mercantile, and one that would not have occurred without the support from our local community.  As part of our appreciation, we wanted to make a meaningful contribution that would positively impact the work being done to support the education of youth within our community," said Michael Price, Chairman and CEO of Mercantile.  "We are proud to support the good work being done by Upward Bound, and hope these contributions will make a difference in the lives of these students and potential future leaders here in Grand Rapids.  We also urge other local businesses to consider Upward Bound as part of their planned giving, and together we can make a difference by investing in the educational success of our local youth."

About Mercantile Bank Corporation

Based in Grand Rapids, Michigan, Mercantile Bank Corporation is the bank holding company for Mercantile Bank of Michigan. Founded in 1997 to provide banking services to businesses, individuals and governmental units, the Bank differentiates itself on the basis of service quality and the expertise of its banking staff. Mercantile has seven full-service banking offices in Grand Rapids, Holland and Lansing, Michigan. Mercantile Bank Corporation's common stock is listed on the NASDAQ Global Select Market under the symbol "MBWM."

Forward-Looking Statements

This news release contains comments or information that constitute forward-looking statements (within the meaning of the Private Securities Litigation Reform Act of 1995) that are based on current expectations that involve a number of risks and uncertainties. Actual results may differ materially from the results expressed in forward-looking statements. Factors that might cause such a difference include changes in interest rates and interest rate relationships; demand for products and services; the degree of competition by traditional and nontraditional competitors; changes in banking regulation or actions by bank regulators; changes in tax laws; changes in prices, levies, and assessments; the impact of technological advances; governmental and regulatory policy changes; the outcomes of contingencies; trends in customer behavior as well as their ability to repay loans; changes in local real estate values; changes in the national and local economies; and other factors, including risk factors, disclosed from time to time in filings made by Mercantile with the Securities and Exchange Commission. Mercantile undertakes no obligation to update or clarify forward-looking statements, whether as a result of new information, future events or otherwise.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free


Chart of I:DJI
DOW 17,798.49 -14.90 -0.08%
S&P 500 2,090.11 +1.24 0.06%
NASDAQ 5,127.5250 +11.3820 0.22%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs