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Agreement signedPublished 29 Jul 2025

Mercantile Bank Corporation /
Eastern Michigan Financial Corporation

Mercantile Bank Corporation to merge with Eastern Michigan Financial Corporation

Buy side: Mercantile Bank Corporation
Buy sideMercantile Bank Corporation
Target: Eastern Michigan Financial Corporation
TargetEastern Michigan Financial Corporation
Mercantile Bank Corporation · 29 Jul 2025Source
See the source
Buy side: Mercantile Bank Corporation
Buy sideMercantile Bank Corporation
Target: Eastern Michigan Financial Corporation
TargetEastern Michigan Financial Corporation
01 / BuyerMercantile Bank Corporation
02 / TargetEastern Michigan Financial Corporation
Source for the buyer and target: Mercantile Bank Corporation

For the buyer and target.

“On July 22, 2025, Mercantile Bank Corporation (“Mercantile”) and Eastern Michigan Financial Corporation (“EFIN”), entered into an Agreement and Plan of Merger (the “Merger Agreement”), pursuant to which EFIN will merge with and into an acquisition subsidiary of Mercantile, with the acquisition subsidiary as the surviving corporation (the “Merger”).”

Published 29 Jul 2025

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01

What happened

Mercantile Bank Corporation and Eastern Michigan Financial Corporation entered into a merger agreement on July 22, 2025. Eastern Michigan Financial Corporation will merge into a Mercantile acquisition subsidiary, with the subsidiary surviving. [01]

The transaction has an aggregate value of approximately $95.8 million. The merger is subject to shareholder and regulatory approvals, with closing anticipated in the fourth quarter of 2025. [01]

02

The source

Everything on this page comes from the source below, quoted word for word.

01
Source · Mercantile Bank Corporation

Mercantile Bank Corporation to merge with Eastern Michigan Financial Corporation

This document is the source for the companies, stage, figure and people on this page.

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03

Timeline

Every date the source states, in order, each with the words it comes from. Anything marked ahead is a target the source gives, not something that has happened.

  1. Also stated

    “Mercantile Bank Corporation to merge with Eastern Michigan Financial Corporation Mercantile Bank Corporation and Eastern Michigan Financial Corporation entered into a merger agreement on July 22, 2025”

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  2. Published by Mercantile Bank Corporation

    The source this page is built from.

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  3. Expected close

    “The merger is subject to shareholder and regulatory approvals, with closing anticipated in the fourth quarter of 2025”

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