The Mercantile Bank of Louisiana MO was established in 1880 with capital of $50,000 and occupied as its banking house the building on the northeast corner of Third and Georgia Streets, directly opposite the present bank. The original officers of The Mercantile Bank were Stuart Carkener, President; R. H. Goodman, Assistant Cashier; and W. N. Tinsley, Cashier.
The bank consists of one location; the banking house now occupied was built in 1924 at a cost of approximately $96,000. The present drive-in facility was constructed in 1964 and the bank purchased a number of old buildings nearby and created off-street parking facilities. In 1983 the drive-in was expanded to 4 lanes and extensive remodeling to the building was completed. Further extensive remodeling was completed in 1997. This project included a new board room, meeting room, break room with fireplace, an elevator, and several other offices.
Since its formation, the bank has enjoyed a steady growth over the years. Total assets at year end 2014 exceeded $102,000,000. The bank is approximately 21% capitalized and is consistently recognized as one of the safest banks in the United States.
In 2014 The Mercantile Bank of Louisiana was recognized as one of the “Top 200 Healthiest Banks in the United States” by DepositAccounts.com. Each year, the website evaluates the financial health of every federally insured bank in the country. Only 11 banks in Missouri were recognized for this distinction.
The Mercantile Bank of Louisiana, MO is located in Northeast Missouri in the county of Pike nestled along the Mississippi River between St. Louis and Hannibal.