Mercantile Bancorp Announces Results of Annual Meeting
26 Mayo 2010 - 8:17AM
Marketwired
Mercantile Bancorp, Inc. (NYSE Amex: MBR) today announced the
results of its annual meeting of stockholders held May 24.
Shareholders re-elected nine directors, approved an amendment to
increase the Company's number of authorized shares of common stock,
ratified the selection of independent auditors, and participated in
an open question and answer session.
At Monday's meeting, shareholders voted to reelect each of the
following as directors for a one-year term: Ted T. Awerkamp, Julie
A Brink, Michael J. Foster, Alexander J. House, Lee R. Keith,
William G. Keller, Jr., Dennis M. Prock, John R. Spake, and James
W. Tracy.
Additionally, shareholders approved an amendment to the
Company's Certificate of Incorporation to increase the number of
authorized shares of common stock from 14 million to 30 million,
and ratified the reappointment of BKD, LLP as independent auditors
for the fiscal year ending December 31, 2010.
"We are pleased with the passage of the amendment to increase
the number of authorized shares of common stock," said Ted T.
Awerkamp, president and CEO. "Our shareholders have shown great
support and understanding of our need to maintain and strengthen
our capital using self-sufficient means. We are maintaining capital
ratios in excess of well-capitalized status at each of our
affiliated banks, and this amendment provides us with another tool
to best position the Company going forward and our banks to
continue their mission of serving their communities," said
Awerkamp.
About Mercantile Bancorp
Mercantile Bancorp, Inc. is a Quincy, Illinois-based bank
holding company with wholly and majority-owned subsidiaries
consisting of one bank in Illinois and one each in Kansas and
Florida, where the Company conducts full-service commercial and
consumer banking business, engages in mortgage banking, trust
services and asset management, and provides other financial
services and products. The Company also operates Mercantile Bank
branch offices in Missouri and Indiana. In addition, the Company
has minority investments in seven community banks in Missouri,
Georgia, Florida, Colorado, California, and Tennessee. Further
information is available on the company's website at
www.mercbanx.com.
Forward-Looking Statements This press
release may contain "forward-looking statements" which reflect the
Company's current views with respect to future events and financial
performance. The Private Securities Litigation Reform Act of 1995
("the Act") provides a safe harbor for forward-looking statements
that are identified as such and are accompanied by the
identification of important factors that could cause actual results
to differ materially from the forward-looking statements. For these
statements, the Company, together with its subsidiaries, claims the
protection afforded by the safe harbor in the Act. Forward-looking
statements are not based on historical information, but rather are
related to future operations, strategies, financial results or
other developments. Forward-looking statements are based on
management's expectations as well as certain assumptions and
estimates made by, and information available to, management at the
time the statements are made. Those statements are based on general
assumptions and are subject to various risks, uncertainties and
other factors that may cause actual results to differ materially
from the views, beliefs and projections expressed in such
statements. These risks, uncertainties and other factors that may
cause actual results to differ from expectations, are set forth in
our Annual Report on Form 10-K for the year ended December 31, 2009
and Form 10-Q for the quarter ended March 31, 2010, as on file with
the Securities and Exchange Commission, and include, among other
factors, the following: general business and economic conditions on
both a regional and national level; fluctuations in real estate
values; the level and volatility of the capital markets, interest
rates, and other market indices; changes in consumer and investor
confidence in, and the related impact on, financial markets and
institutions; estimates of fair value of certain Company assets and
liabilities; federal and state legislative and regulatory actions;
various monetary and fiscal policies and governmental regulations;
changes in accounting standards, rules and interpretations and
their impact on the Company's financial statements. The words
"believe," "expect," "anticipate," "project," and similar
expressions often signify forward-looking statements. You should
not place undue reliance on any forward-looking statements. Any
forward-looking statements in this release speak only as of the
date of the release, and we do not assume any obligation to update
the forward-looking statements or to update the reasons why actual
results could differ from those contained in the forward-looking
statements.
Ted T. Awerkamp President & CEO (217) 223-7300
ted.awerkamp@mercbanx.com
Mercantile Bancorp (AMEX:MBR)
Gráfica de Acción Histórica
De Abr 2024 a May 2024
Mercantile Bancorp (AMEX:MBR)
Gráfica de Acción Histórica
De May 2023 a May 2024