An Illinois wholesaler of unit investment trusts said it plans to offer a private-label product through Mercantile Bancorp of St. Louis.

Mercantile is the second banking company to private-label a unit trust from Nike Securities LP of Lisle, Ill., said Frank L. Fichera, a partner and managing director at the wholesaler. The first was Des Moines-based Brenton Banks Inc., which has sold the Iowa Equity Growth Trust since last fall, he said.

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