Mercantile Bank Corporation.
MBWM.US | Other monetary intermediation
Mercantile Bank Corporation operates as the bank holding company for Mercantile Bank of Michigan, providing commercial banking services. It offers a range of deposit products, including checking, savings, and money market accounts, as well as certificates of deposit. The bank's lending portfolio com...Show More
Better Health for All
0
Mercantile Bank Corporation operates as a bank holding company, providing commercial banking services. The provided articles primarily detail the company's financial performance, employee benefits, and the grant-making activities of its foundation. The core business of banking services does not inherently have a direct positive or negative impact on health outcomes, nor does it involve health-related products or services. The articles explicitly state that there is no direct information on the health impact of the foundation's activities, and the company's operations are not relevant to health crisis response, healthcare workforce development, or health education.
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Therefore, all KPIs are scored as 0, indicating that they are not applicable or have no significant positive or negative health impact.
Fair Money & Economic Opportunity
0
No evidence available to assess Mercantile Bank Corporation on Fair Money & Economic Opportunity.
Fair Pay & Worker Respect
10
The company's CEO-to-median employee pay ratio was 20:1 in 2024, based on CEO pay of $1,219,290 and median employee pay of $62,428.
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Voluntary employee turnover was 15% in 2024. The company has received zero fines or violations in the past two years.
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Fair Trade & Ethical Sourcing
0
No evidence available to assess Mercantile Bank Corporation on Fair Trade & Ethical Sourcing.
Honest & Fair Business
0
No evidence available to assess Mercantile Bank Corporation on Honest & Fair Business.
Kind to Animals
0
Mercantile Bank Corporation is a financial institution providing commercial banking and wealth management services.
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Its core business model does not involve animal-derived products, animal testing, animal agriculture, or direct impact on wildlife habitats.
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Therefore, none of the provided KPIs for 'Kind to Animals' are applicable to its operations, and no relevant evidence was found in the articles to score any of these metrics.
3
No War, No Weapons
0
No evidence available to assess Mercantile Bank Corporation on No War, No Weapons.
Planet-Friendly Business
-20
The company reported no specific environmental regulatory actions, violations, fines, or compliance issues in 2024.
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While the company received the 2024 Sustainable Business of the Year award from the Michigan Sustainable Business Forum,
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this award is not explicitly for environmental compliance excellence by regulators.
Respect for Cultures & Communities
0
No evidence available to assess Mercantile Bank Corporation on Respect for Cultures & Communities.
Safe & Smart Tech
0
Mercantile Bank Corporation reported zero data breaches and zero affected account holders.
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The company states that 100% of its team members completed specific compliance training in 2024, including GLBA, and conducts monthly phishing tests for associates and annual information security training for directors.
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The bank uses internally secured, monitored, and regulated AI for workflow efficiencies.
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It implements SHA-256 with RSA Encryption and Whole Disk Encryption.
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The company's privacy policy outlines user data control options, such as opting out of online behavioral advertising.
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Authentication security includes password security, multi-factor authentication, biometric recognition, password-controlled secure login, temporary access codes, and facial recognition.
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The bank has an enterprise risk management program to identify, assess, and mitigate risks, and a vendor management program that reviews all vendors at least annually.
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Security testing includes monthly phishing tests and utilization of the FFIEC Cybersecurity Assessment.
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The company reported a 44% reduction in printed documents since 2019.
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The bank's privacy policy mentions compliance with laws like the USA PATRIOT Act, and compliance training covers BSA, AML, CIP, CDD, Disaster Recovery & Business Continuity, and Fair Lending.
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The company links to external security resources on its website.
11
Zero Waste & Sustainable Products
0
No evidence available to assess Mercantile Bank Corporation on Zero Waste & Sustainable Products.