Mercantile Bancorporation
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Mercantile Bancorporation
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 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 24 acquisitions over three years 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.
At the time of its acquisition Mercantile was a $36 billion multi-bank holding company headquartered in St. Louis operating 500 locations in Missouri, Iowa, Kansas, Illinois, Arkansas and Kentucky. Its individual components were:[3]
- Mercantile Bank, N.A., St. Louis, Missouri
- Mercantile Bank, Overland Park, Kansas
- Mercantile Bank of Arkansas, N.A.
- Mercantile Bank Midwest in Iowa
- Mercantile Bank of Kentucky
- Mercantile Bank of Trenton in Missouri
- Mercantile Bank of Illinois
- Mercantile Trust Company, N.A. in St. Louis
References
- ^ profile in International Directory of Company Histories, Vol. 33. St. James Press, 2000 - via fundinguniverse.com
- ^ Mercantile Bancorporation, Long a Buyer, Will Be Bought - New York Times - February 23, 2008
- ^ Firstar Corporation Shareholders Approve Merger With Mercantile Bancorporation, Inc Business Wire, July 28, 1999
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