| Business Summary | | Mercantile
Bankshares
Corporation
(Mercshares)
is
a
bank
holding
company.
Mercshares
directly
owns
all
of
the
outstanding
stock
of
21
affiliated
Banks
and
directly
or
indirectly
owns
all
of
the
outstanding
stock
of
certain
other
affiliates.
The
Company
is
divided
into
two
operating
components,
the
lead
bank,
Mercantile-Safe
Deposit
and
Trust
Company
(including
its
Banking
and
Trust
Divisions),
and
20
community
banks. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | MRBK
is
a
holding
company
for
21
banks,
a
mortgage
banking
company,
an
insurance
agency
and
several
other
financial
services
companies.
For
the
six
months
ended
6/01,
total
interest
income
rose
10%
to
$336.9
million.
Net
interest
income
after
loan
loss
prov.
rose
7%
to
$202.7
million.
Net
income
rose
8%
to
$91
million.
Net
interest
income
reflects
higher
earning
assets,
partially
offset
by
a
lower
net
interest
margin.
Net
income
reflects
higher
securities
gains. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| H. Furlong Baldwin, 69 Chairman | $1.3M | Edward Kelly, III, 47 Pres,
CEO | -- | Terry Troupe, 53 CFO
and Treasurer | 273K | Jack Steil, 54 Exec.
VP; Chairman - Credit Policy - Mercantile-Safe Deposit and Trust Company | 536K | Robert Johnson, 58 Sr.
VP | -- | Dollar amounts are as of 31-Dec-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|