Mercantile Bank (MBWM) will raise its quarterly dividend by 5.6 percent to $0.19 per share. The new dividend is payable on September 20, 2017 to holders of record as of September 8, 2017.

"We are pleased that our continuing financial strength allowed us to declare an increased third quarter cash dividend," said Robert B. Kaminski, Jr., President and Chief Executive Officer of Mercantile.  "Our strong capital position and earnings performance provide us with the ability to reward shareholders with a competitive dividend yield and meet planned growth objectives, and the sustained cash dividend program depicts the Board of Directors' and executive management team's confidence in Mercantile's future."

Mercantile Bank Corporation is the bank holding company for Mercantile Bank of Michigan. The Bank provides commercial banking services primarily to small- to medium-sized businesses and retail banking services.