St. Louis-based Mercantile Bancorp on Thursday posted fourth-quarter earnings of $40.9 million, a 150% rise from restated results of a year earlier. Meanwhile, Chicago-based St. Paul Bancorp said earnings fell 9%, to $8.7 million.

Mercantile, a $12.2 billion-asset bank holding company, said full-year earnings totaled $161.03 million, or $3.74 per share, versus 1993's $118.9 million, or $2.80 per share.

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