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Overview
Mercantile Bancorporation is a financial services company based in the United States. It was founded in 1919 and is headquartered in St. Louis, Missouri. The company provides banking, lending, and wealth management services to individuals, businesses, and institutions. Mercantile Bancorporation operates through its subsidiary banks, Mercantile Bank and Mercantile Investment Trust. The company is a public company and trades on the NASDAQ under the ticker symbol MBNCA. In 2010, Mercantile Bancorporation was acquired by the banking corporation PNC Financial Services Group, Inc., and merged with PNC's National City Bank subsidiary. Today, PNC operates under the name PNC Bank in the former Mercantile Bancorporation markets. Mercantile Bancorporation was known for its strong community involvement and commitment to customer service. The company was recognized for its financial growth and stability, earning a spot on the Forbes 500 list during its time as an independent entity. Its well-respected reputation also made it a desirable acquisition target for PNC Financial Services Group. Overall, Mercantile Bancorporation played an important role in the banking industry, particularly in the Midwest region of the United States, and its legacy continues through PNC Bank.
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