St. Louis' Mercantile Puts 9 on Financial Advisory Group

Mercantile Bancorp., St. Louis, has established a financial advisory services group to support a relationship banking strategy and promoted nine key executives. They are:

John W. McClure, named vice chairman of financial advisory services, is responsible for the subsidiaries Mercantile Trust, Mississippi Valley Advisors, Mercantile Investment Services, as well as the private banking and capital markets divisions. Mr. McClure, who joined the bank in 1971, had been group president of community banking with Mercantile Bancorp.

John P. Dubinsky, president and chief executive officer of the lead subsidiary Mercantile Bank of St. Louis, was given the additional title of group president for the eastern region. He is responsible for branches in Illinois, eastern Missouri, and eastern Iowa.

Mr. Dubinsky had been Mark Twain Bancshares' CEO until April when it merged with Mercantile Bancshares.

Richard C. King, chairman, president, and CEO of Mercantile Bank in Kansas City, was given the additional title of group president of the western region. His responsibilities include overseeing branches in Kansas, Arkansas, western Missouri, and western Iowa.

John Q. Arnold was promoted to vice chairman and chief financial officer of Mercantile Bancorp. Mr. Arnold, who was senior executive vice president and CFO, will retain his responsibilities for controllers, credit administration, compliance, investor relations, treasury, internal audit, operations, and facilities. He joined Mercantile in 1991 from Harris Bank, Chicago.

Stanley J. Bradshaw, president and CEO of Merc Mortgage, Mercantile's mortgage servicing subsidiary, has the additional title of group president of retail. His added duties are with Mercantile Insurance Services. In July Mr. Bradshaw joined Mercantile when it bought Roosevelt Financial Group, where he had been chairman, president, and CEO.

W. Randolph Adams, senior executive vice president, was named chief administrative officer. Mr. Adams is responsible for bank and nonbank mergers and acquisitions, strategic planning, marketing, corporate communications, government relations, credit cards, dealer services, and the Mercantile Foundation. In 1991 he joined Mercantile from Cresap, McCormick & Paget, a Chicago-based management consulting firm.

Joseph E. Hasten, executive vice president, was promoted to the management executive committee, responsible for multinational banking. Mr. Hasten's duties include large corporate, specialized wholesale products, corporate finance, retirement services, specialized industries, and the Mercantile business credit unit. He will also be chairman of the corporate bank advisory board. Mr. Hasten joined the bank in 1995 from Standard Chartered Bank, where he was CEO of its Indonesian and South Korean businesses.

Dennis O. Battles, who was executive vice president of administration, now has a key field assignment. He is responsible for a portfolio of banks in Illinois, eastern Missouri, and eastern Iowa. Mr. Battles joined the bank in 1993 from National Westminster Bancorp., where he had managed national large corporate lending.

John H. Beirise, who remains group president of capital markets, was given additional roles in the financial advisory services group. He continues to report to Mr. McClure. Mr. Beirise joined Mercantile in 1992 from Continental Bank, Chicago, where he was a managing director in corporate banking.

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