Two major mergers proposed in St. Louis would create a glut of bankers chasing a dwindling number of jobs.

But analysts and other observers say that with its low unemployment rate of 3.8% and a growing number of other financial services businesses, the St. Louis area could absorb the 1,200 to 2,000 jobs expected to be cut from Boatmen's Bancshares and Mark Twain Bancshares.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.