Mercantile Bank Corp. in Grand Rapids, Mich., is considering “some type of capital issuance” to maintain its torrid growth rate, chairman Gerald J. Johnson said.

Mercantile’s assets rose 39%, to $512 million, in 2000, while its loan portfolio grew 40%, to $424 million. And Mr. Johnson said its 2001 prospects are “tremendous” in part because of the substantial customer runoff he expects from Fifth Third Bancorp’s $4.9 billion deal to buy Grand Rapids’ Old Kent Financial Corp. That deal, slated to close next quarter, is “a once-in-a-lifetime opportunity,” he said.

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