Mercantile Bank Raised Qtr. Dividend from $0.09 to $0.10/Share

Mercantile Bank Corporation

("Mercantile") earlier announced that on January 10, 2013 its Board of Directors declared a regular quarterly cash dividend of $0.10 per common share, payable March 8, 2013 to holders of record as of February 8, 2013. The $0.10 cash dividend represents an increase of 11 percent from the $0.09 cash dividend paid during the fourth quarter of 2012.