| Business Summary | | National
Mercantile
Bancorp
is
registered
as
a
bank
holding
company
whose
principal
asset
is
the
capital
stock
of
Mercantile
National
Bank
(the
Bank),
its
wholly
owned
subsidiary.
The
Company's
principal
business
is
to
serve
as
a
holding
company
for
the
Bank,
and
for
other
banking
or
banking-related
subsidiaries
that
it
may
establish
or
acquire.
The
Company
has
been
authorized
by
the
Federal
Reserve
Bank
of
San
Francisco
to
engage
in
lending
activities
separate
from
the
Bank
but
has
not
done
so.
The
Bank's
primary
business
activities
are
to
generate
loans
and
deposits.
The
Company
seeks
to
attract
individual
and
small
to
mid-sized
business
borrowers
in
specific
market
niches,
located
in
the
Century
City
and
San
Fernando
Valley
area
of
Los
Angeles,
by
offering
a
variety
of
loan
products
and
a
full
range
of
banking
services
coupled
with
highly
personalized
service. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | MBLA
is
a
bank
holding
company
for
The
Mercantile
National
Bank,
a
commercial
bank
in
the
Los
Angeles
area.
For
the
six
months
ended
6/30/01,
total
interest
income
rose
12%
to
$7.2
million.
Net
interest
income
after
loan
loss
provision
fell
less
than
1%
to
$4.9
million.
Net
income
fell
21%
to
$1.2
million.
Net
interest
income
reflects
an
increase
in
loans,
offset
by
higher
interest
expense.
Net
income
reflects
an
increase
in
staff
benefits
expenses. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Dion Morrow, 68 Chairman | -- | Scott Montgomery, 58 Pres,
CEO | $408K | Robert Thomson, 59 Vice
Chairman | -- | 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
|
|