Mr. Timothy O. Schad is Independent Director of Mercantile Bank Corporationration Mr. Schad is Chairman and Chief Executive Officer of Nucraft Furniture Company, which produces highend wood office furniture for executive offices, conference rooms and board rooms. He joined Nucraft in 1980 and served as Vice President and President prior to his appointment as Chairman and Chief Executive Officer in 1997. From 2001 to 2006, Mr. Schad also served as the Vice President for Finance and Administration, and Treasurer, of Grand Valley State University, a master level public university with 24, 000 students and campuses in Allendale, Grand Rapids, Holland, Muskegon and Traverse City, Michigan. Mr. Schad has served on the Boards of Trustees of Ferris State University and Kendall College of Art and Design. He is a graduate of Dartmouth College, Thayer School of Engineering and Harvard Business School.
The company has return on total asset (ROA) of 1.01 % which means that it generated profit of $1.01 on every $100 spent on asset. This is way below average. Similarly, it shows return on stockholders equity (ROE) of 8.87 % meaning that it created $8.87 on every $100 dollars invested by stockholders.
Mercantile Bank Corporationration operates as the bank holding company for Mercantile Bank of Michigan that offer banking services to small to mediumsized businesses, individuals, and governmental units. Mercantile Bank Corp [MBWM] is traded on NASDAQ in USA. It is located in Grand Rapids, MI and employs 204 people. Filter other
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