Mercantile Bank
MBWM· Finance· Fiscal year ends in December
CEO pay in FY2025Stock +8.1% in FY2025
Raymond E. Reitsma is the CEO of Mercantile Bank and was paid $1.8M in FY2025 (Dec), up 50%.
Pay$100 in the stock at the end of FY20 → $191
Executives5
See all- 1Raymond E. ReitsmaPresident and Chief Executive Officer of Mercantile andFY2025
- 2Charles E. ChristmasExecutive Vice President, Chief Financial Officer and Treasurer of Mercantile, Executive Vice President and Chief Financial Officer of Mercantile Bank, and Chief Financial Officer of EMBFY2025
- 3Mark S. AugustynExecutive Vice President, Chief Commercial Banking Officer of of Mercantile BankFY2025
- 4Scott P. SetlockExecutive Vice President, Chief Operating Officer and Secretary of Mercantile and of Mercantile BankFY2025
- 5Brett E. HooverExecutive Vice President, Chief Human Resource Officer of Mercantile and of Mercantile BankFY2025
Named executives and their total pay, from the Summary Compensation Table of the latest proxy.
Pay
See allMercantile Bank paid its 5 named executives $4.8M in total in FY2025 (Dec). CEO Raymond E. Reitsma was paid $1.8M of that.
| Name | |||
|---|---|---|---|
| Raymond E. ReitsmaPresident and Chief Executive Officer of Mercantile and | |||
| Charles E. ChristmasExecutive Vice President, Chief Financial Officer and Treasurer of Mercantile, Executive Vice President and Chief Financial Officer of Mercantile Bank, and Chief Financial Officer of EMB | |||
| Mark S. AugustynExecutive Vice President, Chief Commercial Banking Officer of of Mercantile Bank | Not disclosed | ||
| Scott P. SetlockExecutive Vice President, Chief Operating Officer and Secretary of Mercantile and of Mercantile Bank | Not disclosed | ||
| Brett E. HooverExecutive Vice President, Chief Human Resource Officer of Mercantile and of Mercantile Bank |
of each named executive, from the Summary Compensation Table of each proxy.
Peers
No disclosed peer group
No proxy on file names a pay peer group for Mercantile Bank. The peer group comes from the proxy statement, so it shows here when a proxy read has it.
Board5
See all- Michael H. PriceChair · 28 yr on the boardIndependent—Paid as an executive
- Michelle L. EldridgeDirector · 9 yr on the boardIndependentAudit, Compensation (Chair), Governance and Nominating—Paid as an executive
- Raymond E. ReitsmaDirector · 2 yr on the boardNot independent—Paid as an executive
- Nelson F. SanchezDirector · 1 yr on the boardIndependentAudit, Compensation, Governance and Nominating—Paid as an executive
- Sara A. SchmidtDirector · 0 yr on the boardIndependentAudit—Paid as an executive
The board of the latest proxy (FY2025).
Activity
Filings6
See all| Proxy statement | DEF 14A | Apr 2, 2026 | FY2025 |
| Annual report | 10-K | Feb 27, 2026 | FY2025 |
| Proxy statement | DEF 14A | Apr 4, 2025 | FY2024 |
| Annual report | 10-K | Mar 3, 2025 | FY2024 |
| Proxy statement | DEF 14A | Apr 4, 2024 | FY2023 |
| Annual report | 10-K | Mar 1, 2024 | FY2023 |
