This article is about a former bank holding company in Missouri, which was acquired by Firstar Corporation in 1999. For the other banks with similar names, see Mercantile Bank (disambiguation).
Mercantile Bancorporation
Trade name
Mercantile Bank
Company type
Public
Traded as
NYSE: MTL (1970–1999)
Industry
Banking
Founded
1899; 125 years ago (1899) in St. Louis, Missouri as Mercantile Trust Company
Mercantile Bancorporation was the largest bank holding company in Missouri when it was acquired by Firstar Corporation in 1999.[1]
The Mercantile Bank of St. Louis was founded in St. Louis, Missouri, in 1850.
In 1996, its chief executive Thomas H. Jacobsen began a series of acquisitions, increasing its assets from $15.9 billion to $35.8 billion.[2] One of the biggest acquisitions was that of Mark Twain Bancshares in 1996.[3]
At the time of its acquisition by Firstar, Mercantile was a $36 billion multi-bank holding company headquartered in St. Louis operating 500 locations in Missouri, Iowa, Kansas, Illinois, Arkansas and Kentucky.
^profile in International Directory of Company Histories, Vol. 33. St. James Press, 2000 - via fundinguniverse.com
^O'Brien, Timothy L. (May 1, 1999). "Mercantile Bancorporation, Long a Buyer, Will Be Bought". New York Times.
^McCarthy, Michael J. (October 29, 1996). "Mercantile Bancorp. to Acquire Mark Twain for $792 Million". Wall Street Journal. ISSN 0099-9660. Retrieved August 11, 2016.
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