Mercantile Bank Corporation Announces TARP Repurchase
Mercantile Bank Corporation (NASDAQ: MBWM) announced today that it has repurchased 50 percent of the $21 million in non-voting preferred stock issued in May 2009 to the U.S. Department of the Treasury under the Treasury's Capital Purchase Program, as part of the Troubled Asset Relief Program.
(c) 2013 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.