ST. LOUIS - Mercantile Bancorp. said it has agreed to acquire Metro Savings Bank, headquartered in Wood River, Ill.

Metro Savings is an $84 million-asset federal savings bank based in Madison County, Ill., across the Mississippi River from St. Louis. Mercantile said it plans to combine Metro Savings with Mercantile Bank of Illinois, which currently operates 10 offices in three counties.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

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