Who is Mercantile Bank International?

By Sabela Ojea Beneficient said it is acquiring Mercantile Bank International, a Puerto Rico-based international financial entity, for $1.5 million. The asset management platform on Thursday said that the aggregate purchase price will be paid in up to about 2.1 million of the company's class A shares and cash.

Did beneficient buy Mercantile Bank International?

Beneficient (NASDAQ: BENF) agreed to acquire Mercantile Bank International, a Puerto Rico-based international financial entity ("IFE"), for ~$1.5M, payable in up to ~2.1M shares of the company's class A common stock and cash, the company said Thursday.

What is Mercantile Bank Limited?

Mercantile Bank Limited is a South African commercial bank, founded in 1965, previously known as Bank of Lisbon International. It is headquartered in Sandton, South Africa, and offers products and services in retail banking, corporate finance, asset management, equity brokerage, and security.