Mercantile Bank to merge with Eastern Michigan Financial in a $96m deal.

Mercantile Bank, a bank holding company that provides commercial banking services, agreed to merge with Eastern Michigan Financial, a holding company for Eastern Michigan Bank, in a $96m deal. "Today marks an exciting new chapter for Eastern Michigan Bank. Joining forces with Mercantile Bank allows us to expand our reach and enhance the services we provide to our customers and communities. We're proud of our legacy and are confident that Mercantile shares our values, our commitment to local relationships, and our vision for the future. This partnership strengthens our ability to deliver even greater value while honoring the trust our customers have placed in us," William Oldford, Eastern Michigan Bank CEO.