HNB National Bank completes acquisition of Mercantile Bank of Louisiana, Mo.
HANNIBAL, Mo. — HNB Bancorp, Inc., a Missouri corporation headquartered in Hannibal, the holding company for HNB National Bank, announced Monday, Oct. 2, the completion of its acquisition of Mercantile Bank of Louisiana Mo., a Missouri State-chartered commercial bank.
After the closing, HNB National Bank has approximately $802 million in assets, $552 million in loans and $711 million in total deposits.
In a press release, John Zimmer, president and chief executive officer of HNB, said, “HNB National Bank has been helping people in our communities realize their personal, financial and business goals since 1888. I am confident in our ability to deliver expanded and enhanced services to our new customers from Mercantile Bank and to support their business and personal financial needs. We are truly excited to become a part of the Louisiana community and to further enhance our presence in Pike County.”
The acquisition of Mercantile Bank increases HNB National Bank to 15 locations throughout northern Missouri.
The merger was consummated effective Sept. 30, 2023. Northeast Missouri Bancshares, Inc., the holding company for Mercantile Bank, was represented by FORVIS Capital Advisors as its financial advisor and Polsinelli as its legal counsel. HNB was represented in the transaction by Shumaker, Loop and Kendrick, LLP as its legal counsel and did not utilize a third-party financial advisor.
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