Latest news with #GrandRapids
Yahoo
2 days ago
- Business
- Yahoo
Mercantile Bank Corporation Increases Regular Cash Dividend
Board declares $0.38 regular quarterly cash dividend on common stock, resulting in a current annual yield of approximately 3.1 percent GRAND RAPIDS, Mich., July 22, 2025 /PRNewswire/ -- Mercantile Bank Corporation (NASDAQ: MBWM) ("Mercantile") announced today that on July 17, 2025, its Board of Directors declared a regular quarterly cash dividend of $0.38 per common share, payable on September 17, 2025, to holders of record as of September 5, 2025. The $0.38 cash dividend represents increases of nearly 3 percent and 6 percent from the cash dividends paid during the second quarter of 2025 and third quarter of 2024, respectively. "As evidenced by our Board of Directors' declaration of an increased third quarter regular cash dividend, we remain dedicated to enhancing shareholder value through meaningful cash returns," said Ray Reitsma, President and Chief Executive Officer of Mercantile. "We are very pleased that our financial metrics remained strong during the second quarter of 2025, which coupled with the expected attainment of solid operating results in upcoming periods, should empower us to effectively address any challenges arising from the protracted period of uncertain macro-economic conditions and continue our regular cash dividend program while maintaining satisfactory capital levels to meet asset expansion objectives." About Mercantile Bank Corporation Based in Grand Rapids, Michigan, Mercantile Bank Corporation is the bank holding company for Mercantile Bank. Mercantile provides financial products and services in a professional and personalized manner designed to make banking easier for businesses, individuals, and governmental units. Distinguished by exceptional service, knowledgeable staff, and a commitment to the communities it serves, Mercantile is one of the largest Michigan-based banks with assets of approximately $6.2 billion. Mercantile Bank Corporation's common stock is listed on the NASDAQ Global Select Market under the symbol "MBWM." For more information about Mercantile, visit and follow us on Facebook, Instagram, X (formerly Twitter) @MercBank, and LinkedIn @merc-bank. Forward-Looking Statements This news release contains statements or information that may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements can be identified by words such as: "anticipate," "intend," "plan," "goal," "seek," "believe," "project," "estimate," "expect," "strategy," "future," "likely," "may," "should," "will," and similar references to future periods. Any such statements are based on current expectations that involve a number of risks and uncertainties. Actual results may differ materially from the results expressed in forward-looking statements. Factors that might cause such a difference include changes in interest rates and interest rate relationships; increasing rates of inflation and slower growth rates or recession; significant declines in the value of commercial real estate; market volatility; demand for products and services; climate impacts; labor markets; the degree of competition by traditional and nontraditional financial services companies; changes in banking regulation or actions by bank regulators; changes in tax laws and other laws and regulations applicable to us; changes in prices, levies, and assessments; the impact of technological advances; potential cyber-attacks, information security breaches and other criminal activities; litigation liabilities; governmental and regulatory policy changes; the outcomes of existing or future contingencies; trends in customer behavior as well as their ability to repay loans; changes in local real estate values; damage to our reputation resulting from adverse publicity, regulatory actions, litigation, operational failures, and the failure to meet client expectations and other facts; changes in the national and local economies; unstable political and economic environments; disease outbreaks, such as the COVID-19 pandemic or similar public health threats, and measures implemented to combat them; and other factors, including those expressed as risk factors, disclosed from time to time in filings made by Mercantile with the Securities and Exchange Commission. Mercantile undertakes no obligation to update or clarify forward-looking statements, whether as a result of new information, future events or otherwise. Investors are cautioned not to place undue reliance on any forward-looking statements contained herein. View original content to download multimedia: SOURCE Mercantile Bank Corporation Sign in to access your portfolio
Yahoo
6 days ago
- Health
- Yahoo
GRPD: Officer-social worker 'co-response' team reduces ER visits, jail bookings
The Grand Rapids Police Department and Network180 are marking three years of their "co-response" program, which pairs a mental health clinician with a police officer to respond to calls involving mental health. (July 17, 2025)
Yahoo
6 days ago
- Yahoo
15-year-old charged in shooting death of other teen
GRAND RAPIDS, Mich. (WOOD) — A 15-year-old is being charged in connection to a shooting in Grand Rapids that left another teenager dead in June. The 15-year-old face a charge of reckless discharge causing death, the Grand Rapids Police Department says. News 8 is not using the suspect's name because he is a minor and because of the nature of the charge against him. The shooting happened the night of June 12 on North Avenue near More Street. My'asia Johnson suffered a gunshot wound to the head and died later at the hospital. Police previously said she did not appear to have been targeted and that they were looking into whether the shooting could have been accidentally or recklessly fired. Teenage girl dies after shooting in Grand Rapids Calling the death 'truly senseless,' GRPD Chief Eric Winstrom in a Thursday statement urged parents to talk to their kids about 'The very real and tragic consequences of illegally-possessed guns.' 'One young life was taken, and another young life will be forever impacted,' the statement read in part. 'We, as a community, need to step up and do everything we can to change the culture that puts these guns in the hands of our children. While it won't take away the pain for Myasia's loved ones, we can work together to spare other families from a similar loss.' GRPD said a safe storage violation was not appropriate based on the circumstances of the case, though it did not explain further. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
CTV News
6 days ago
- CTV News
Michigan woman sues Monster Energy after allegedly finding dead mouse in can
FILE - In this photo taken Thursday Oct. 13, 2011, a brown house mouse is shown at the Farallones National Wildlife Refuge, Calif. (AP / Eric Risberg) GRAND RAPIDS, Michigan -- A Grand Rapids, Michigan, woman is suing Monster Beverage Corp., the maker of Monster Energy drinks, after she claims she found a dead mouse in a Monster Energy drink can. Plaintiff McKenzie Cain claims in a lawsuit, which was transferred to the U.S. District Court for the Western District of Michigan on Monday, that she found a dead mouse at the bottom of a Monster Energy drink can after consuming the beverage. Cain initially filed the lawsuit in the 17th Judicial Circuit Court in Kent County in September 2024. Cain bought a can of Monster Energy Drink from a Big Apple Bagels in Grand Rapids in April 2024, according to the lawsuit. After consuming the beverage, Cain claims she picked up the can and felt that it was still 'oddly heavy.' Cain further opened the can and, 'to her horror, found a dead mouse laying in the bottom of the can,' her lawsuit claims. Cain claims that since then she suffered 'severe emotional distress, trauma and physical illness' and that the incident has caused her 'ongoing physical and emotional distress, resulting in medical expenses for counseling and treatment.' Cain is suing Monster Beverage, claiming the company was negligent by failing to ensure that its products 'were safe for consumption and free from harmful contaminants' and that the company is liable for any injuries and damages that she suffered because her beverage 'contained a harmful and dangerous defect — a dead mouse.' The lawsuit also claims that Monster Beverage breached the implied warranty of merchantability. CBS News Detroit has reached out to Monster Beverage for comment. Cain is seeking at least US$25,000, plus interest, costs and attorney fees, as well as any relief that the court deems appropriate, according to her lawsuit.
CBS News
6 days ago
- Health
- CBS News
West Nile virus confirmed among mosquitoes in West Michigan
A second Michigan county has confirmed the presence of West Nile virus among its local mosquito populations this year. The Kent County Health Department in Grand Rapids, has found the West Nile virus in three communities in its jurisdiction – Grand Rapids, Walker and Plainfield Township. The report issued Thursday said this was the first such detections in that West Michigan region. West Nile virus has already been found this year among mosquitoes in Metro Detroit, specifically in Macomb County. Neither county has reported any human cases this year. The mosquito populations were tested through routine surveillance programs. "These detections are a reminder that local mosquitoes are active and capable of spreading illness," said Brendan Earl, Supervising Sanitarian at Kent County Health Department. "By taking simple precautions like applying insect repellent and eliminating standing water around your home, residents can significantly reduce their risk while still enjoying the outdoors." West Nile virus is a leading cause of mosquito-borne disease in the United States, the Centers for Disease Control and Prevention reports. While many people have no symptoms, others can develop a flu-like illness or serious complications. To prevent getting West Nile Virus through a mosquito bite, the health department issues the following recommendations: The above video first aired Sept. 25, 2024.
