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6 pts

Opinion on  Mercantile Bancorp Inc (MBR)     Sector: Financial  >  Industry: Regional Banks
Mercantile Bancorp Inc

May 10, 2009 07:59 PM GMT
450vampyr_avatar-med
Return Risk
+37.48% LOW
Principal

Recent News  

Mercantile Bancorp, Inc., a multi-state bank holding company, offers consumer and commercial banking, and trust services to the commercial, industrial, and agricultural areas in the United States. The company?s deposit products include noninterest-bearing demand, interest-bearing demand, savings, negotiable order of withdrawal, checking, and time accounts, as well as transaction, money market, and time and brokered time deposits. It provides loans for commercial, financial, and agricultural purposes; consumer loans, including motor vehicle, watercraft, education, collateralized and non-collateralized personal, and deposit account collateralized loans; loans for real estate purposes, such as farmland, construction, and mortgages; commercial and residential real estate loans; and floor plan loans. The company offers asset management services, including trust, estate, and agency management; fiduciary services; retail brokerage services; agricultural business management services; and other customer services, such as safe deposit facilities. As of December 31, 2008, Mercantile Bancorp operated 28 banking facilities, including 26 full service offices, 1 stand-alone drive-up facility, and 1 loan production office serving 21 communities located throughout west-central Illinois, central Indiana, northern Missouri, eastern Kansas, and southwestern Florida. It also had six banks in its consolidated group; and minority interests in eight other banking organizations located in Missouri, Georgia, Tennessee, Florida, Colorado, and California. The company is headquartered in Quincy, Illinois.


MBR:  This call was made on 05/10/09 @ $5.85
Rating:   Positive   $5.85 (05/10/09)
Gain/Loss:   n/a in 1115 days
Allocation:   0.0% of portfolio


Comments (3)

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