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Hoover's Company Profiles:

Mercantile Bancorp, Inc.

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(NYSE Amex:MBR)
Contact Information
Mercantile Bancorp, Inc.
200 N. 33rd St.
Quincy, IL 62306-3455
IL Tel. 217-223-7300
Fax 217-223-8938

Type: Public
On the web: http://www.mercbanx.com
Employees: 252
Employee growth: (20.3%)

If you want to sell the farm, Mercantile Bancorp can help. The holding company owns Illinois-based Mercantile Bank (it also has a location in Indiana), Royal Palm Bank in Florida, and Kansas' Heartland Bank. Through a total of about a dozen offices, the community-oriented banks offer deposit and loan products, asset management, retail brokerage services, and agricultural business management. The majority of the company's loan portfolio is related to real estate, including farmland, construction, and commercial and residential mortgage loans. Mercantile Bancorp sold two Illinois-based banks in 2010, Marine Bank and Trust and Brown County State Bank.

Key numbers for fiscal year ending December, 2010:
Sales: $53.1M
One year growth: (8.6%)
Net income: ($44.6)M

Officers:
Chairman: Michael J. Foster
President, CEO, and Director: Ted T. Awerkamp
EVP, CFO, Secretary, and Treasurer: Michael P. (Mike) McGrath

Competitors:
Bank of America
Commerce Bancshares
U.S. Bancorp

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