UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (date of earliest event reported): March 28, 2008
Mercantile Bank Corporation
(Exact name of registrant as specified in its charter)
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| Michigan
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000-26719
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38-3360865 |
(State or other jurisdiction
of incorporation)
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(Commission File
Number)
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(IRS Employer
Identification Number) |
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| 310 Leonard Street NW, Grand Rapids, Michigan
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49504 |
(Address of principal executive
offices)
Registrant’s telephone number, including area code
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(Zip Code)
616-406-3000 |
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the
filing obligation of the registrant under any of the following provisions (see General Instruction
A.2. below):
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b))
o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
240.13e-4(c))
Item 2.02 Results of Operations and Financial Condition.
The information set forth under Item 8.01 of this report is incorporated here by reference to
the extent that such information constitutes information required to be reported under this Item
2.02.
Item 8.01 Other Events.
On March 28, 2008, Mercantile Bank Corporation (“Mercantile”) issued a press release
indicating that its wholly-owned subsidiary, Mercantile Bank of Michigan (the “Bank”), expects to
record a provision for loan and lease losses in the range of $8.7 million to $9.2 million for the
first quarter of 2008. This provision will negatively impact Mercantile’s operating results
between $5.7 million and $6.0 million on an after-tax basis, or between $0.67 and $0.70 per diluted
share, and will result in a net loss for the first quarter of 2008. After making the provision,
the Bank will still be “well-capitalized” under regulatory capital requirements. A copy of the
press release is filed as Exhibit 99.1 to this report and is incorporated here by reference.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
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Description |
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99.1
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Press release of Mercantile Bank Corporation
reporting provision expense estimate for the first
quarter of 2008. |
Signatures
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly
caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
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MERCANTILE BANK CORPORATION
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By: |
/s/ Charles E. Christmas
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Charles E. Christmas |
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Senior Vice President, Chief
Financial Officer and Treasurer |
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Date: March 28, 2008
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