Moving to bolster its corporate banking unit, Mercantile Bancorp. of St. Louis has established a derivatives division for midsize businesses.

The company has hired John L. Stapleton from the Commonwealth Bank of Australia's New York office to be senior vice president in charge of a new interest rate management division.

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.