Michael H. Price net worth and biography

Michael Price Biography and Net Worth

Director of Mercantile Bank

Mr. Price has over 45 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 Thomas J. Sullivan’s retirement in May of 2015. 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.

What is Michael H. Price's net worth?: The estimated net worth of Michael H. Price is at least $993,731.60 as of August 26th, 2024. Price owns 21,556 shares of Mercantile Bank stock worth more than $993,732 as of May 13th. This net worth estimate does not reflect any other investments that Price may own. Learn More about Michael H. Price's net worth.
How do I contact Michael H. Price?: The corporate mailing address for Price and other Mercantile Bank executives is 310 LEONARD STREET NW, GRAND RAPIDS MI, 49504. Mercantile Bank can also be reached via phone at (616) 406-3000 and via email at cchristmas@mercbank.com. Learn More on Michael H. Price's contact information.
Has Michael H. Price been buying or selling shares of Mercantile Bank?: Michael H. Price has not been actively trading shares of Mercantile Bank within the last three months. Most recently, Michael H. Price sold 5,000 shares of the business's stock in a transaction on Monday, August 26th. The shares were sold at an average price of $45.57, for a transaction totalling $227,850.00. Following the completion of the sale, the director now directly owns 21,556 shares of the company's stock, valued at $982,306.92. Learn More on Michael H. Price's trading history.
Who are Mercantile Bank's active insiders?: Mercantile Bank's insider roster includes Robert Kaminski, Jr. (Director), Michael Price (Director), Nelson Sanchez (Director), Lonna Wiersma (Director), and Robert Worthington (COO). Learn More on Mercantile Bank's active insiders.
Are insiders buying or selling shares of Mercantile Bank?: During the last twelve months, Mercantile Bank insiders bought shares 2 times. They purchased a total of 258 shares worth more than $11,069.94. During the last twelve months, insiders at the financial services provider sold shares 17 times. They sold a total of 29,050 shares worth more than $1,416,000.00. The most recent insider tranaction occured on May, 2nd when Director Robert B Kaminski sold 250 shares worth more than $10,712.50. Insiders at Mercantile Bank own 3.2% of the company. Learn More about insider trades at Mercantile Bank.
Information on this page was last updated on 5/2/2025.

Michael H. Price Insider Trading History at Mercantile Bank

Transaction Date	Buy/Sell	Number of Shares	Average Share Price	Total Transaction	Shares Held After Transaction
8/26/2024	Sell	5,000	$45.57	$227,850.00	21,556
7/26/2023	Sell	4,000	$34.29	$137,160.00	30,080
4/24/2020	Sell	8,000	$21.20	$169,600.00	45,259
10/22/2019	Sell	2,947	$35.48	$104,559.56	54,206
5/30/2018	Sell	3,000	$36.32	$108,960.00
4/25/2017	Sell	9,535	$35.04	$334,106.40	46,726
12/12/2016	Sell	9,551	$35.18	$336,004.18	56,261
8/19/2016	Sell	13,362	$25.81	$344,873.22	59,712
7/28/2016	Sell	11,520	$24.99	$287,884.80
1/22/2016	Sell	8,000	$21.16	$169,280.00	82,977

Michael H. Price Buying and Selling Activity at Mercantile Bank

Mercantile Bank Company Overview

Mercantile Bank Corporation operates as the bank holding company for Mercantile Bank of Michigan that provides commercial and retail banking services to small- to medium-sized businesses and individuals in the United States. It accepts various deposit products, including checking, savings, and term certificate accounts; time deposits; and certificates of deposit. The company also provides commercial and industrial loans; vacant land, land development, and residential construction loans; owner and non-owner occupied real estate loans; multi-family and residential rental property loans; single-family residential real estate loans; home equity line of credit programs; and consumer loans, such as new and used automobile and boat loans, and credit cards, as well as overdraft protection services; and residential mortgage and instalment loans. In addition, it offers courier services and safe deposit facilities; and insurance products, such as private passenger automobile, homeowners, personal inland marine, boat owners, recreational vehicle, dwelling fire, umbrella policies, small business, and life insurance products. The company was incorporated in 1997 and is headquartered in Grand Rapids, Michigan.

Today's Range

Now: $45.94

$45.43

$46.56

50 Day Range

MA: $42.61

$38.53

$45.75

2 Week Range

Now: $45.94

$35.61

$52.98

Volume

42,246 shs

Average Volume

64,930 shs

Market Capitalization

$745.84 million

P/E Ratio

9.28

Dividend Yield

3.43%

Beta

0.87