Wednesday, July 11, 2007

UPDATE 1-Mercantile Bank posts lower Q2 profit, shares fall

(Reuters) - The holding company of Mercantile Bank of Michigan said it
earned $2.2 million, or 26 cents a share, for the quarter, a
fall of 56.5 percent from last year.




The company said it incurred a one-time charge of $1.2
million associated with the retirement of its former Chief
Executive Gerald Johnson.


Read more at Reuters.com Market News

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