Hoping to boost its profile and attract more investors, a 17-month-old banking company has applied to have its shares traded on the Nasdaq exchange.

Shares of Mercantile Bank Corp. of Grand Rapids, Mich., currently trade over the counter but could begin trading on the Nasdaq system within eight weeks. The $216 million-asset company would retain its stock symbol, MBWM.

Gerald R. Johnson Jr., Mercantile's chairman, said the move should make trading in the stock easier and may attract more institutional and individual investors.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.