The estimated Net Worth of Michael H Price is at least $3.74 Milion dollars as of 26 August 2024. Mr. Price owns over 5,000 units of Mercantile Bank stock worth over $920,872 and over the last 21 years he sold MBWM stock worth over $2,727,263. In addition, he makes $91,982 as Chairman of the Board of the Mercantile and Bank at Mercantile Bank.
Michael has made over 23 trades of the Mercantile Bank stock since 2004, according to the Form 4 filled with the SEC. Most recently he sold 5,000 units of MBWM stock worth $227,850 on 26 August 2024.
The largest trade he's ever made was exercising 27,980 units of Mercantile Bank stock on 18 April 2006 worth over $311,417. On average, Michael trades about 3,792 units every 174 days since 2003. As of 26 August 2024 he still owns at least 21,556 units of Mercantile Bank stock.
You can see the complete history of Mr. Price stock trades at the bottom of the page.
Michael H. Price serves as Chairman of the Board of the Mercantile and Bank of the Company. Mr. Price has over 35 years of commercial banking experience and joined the Bank in 1997. Mr. Price retired as the President and Chief Executive Officer of Mercantile and Chief Executive Officer of the Bank on January 1, 2017, positions he had held since 2007. Mr. Price served as President and Chief Operating Officer of Mercantile and the Bank in 1997 and 1998, and as President and Chief Operating Officer of Mercantile and President and Chief Executive Officer of the Bank from 1999 to June of 2007. Mr. Price also served as Chairman of the Board of Mercantile from 2007 through the date of the Firstbank merger and resumed his position as Chairman of Mercantile following Mr. Sullivan’s retirement in May of 2015. Mr. Price has been and continues to be very active in the Grand Rapids community. From 2005 to 2007, he served on the Board of Directors of the Federal Home Loan Bank of Indianapolis. Mr. Price also held leadership positions on the Boards of Metro Health Corporation, Aquinas College, Habitat for Humanity of Kent County, Project Rehab and Network180. Mr. Price was the founding President of our organization and has demonstrated excellent leadership qualities and a strong understanding of the fundamentals of our industry. These attributes led us to conclude that he should be a member of our Board.
As the Chairman of the Board of the Mercantile and Bank of Mercantile Bank, the total compensation of Michael Price at Mercantile Bank is $91,982. There are 10 executives at Mercantile Bank getting paid more, with Robert Kaminski having the highest compensation of $1,014,370.
Michael Price is 63, he's been the Chairman of the Board of the Mercantile and Bank of Mercantile Bank since 2018. There are 3 older and 11 younger executives at Mercantile Bank. The oldest executive at Mercantile Bank Corp. is Edward Clark, 75, who is the Independent Director.
Michael's mailing address filed with the SEC is C/O MERCANTILE BANK CORPORATION, 310 LEONARD ST. NW, GRAND RAPIDS, MI, 49504.
Over the last 22 years, insiders at Mercantile Bank have traded over $6,885,951 worth of Mercantile Bank stock and bought 319,375 units worth $6,116,262 . The most active insiders traders include Curve Capital Llcbrown Thom..., Michael H Price oraz Dale J Visser. On average, Mercantile Bank executives and independent directors trade stock every 32 days with the average trade being worth of $142,599. The most recent stock trade was executed by Robert B Kaminski on 3 September 2024, trading 250 units of MBWM stock currently worth $11,513.
mercantile bank of michigan was founded in 1997 by directors and bankers who firmly believe that customers, employees, and the communities they live in, are best served by financial institutions with local roots. at mercantile bank, we use our local directors, our commitment to the community, and our knowledge of michigan to enable us to deliver our services in a way that truly sets us apart from our competitors. we feel our focus on the michigan business community is the best way to help build the economy, and ultimately the community.
Mercantile Bank executives and other stock owners filed with the SEC include: