Friday, Apr 18, 2014
Quincy, IL News - QuincyJournal.com
Trending on the Journal

Related Headlines

Mercantile Bancorp seeks bankruptcy protection in sale agreement Updated

Recent Comments

AYHSMB - Firefighters and Bus Drivers contracts to go to City Council - Quincy, IL News - QuincyJournal.com
Hey, while were discussing meaningless, gravy train jobs, who's the elevator inspector now? :)
AYHSMB - Voter rights, crime victim rights amendments set for fall ballot so far - Quincy, IL News - QuincyJo
"If you and I both go to the polling place to vote, and I'm freely allowed to vote but you have to pay $20 before you're allowed to exercise that right.... that's not fair." Your words. So, how did YOU get a free ID? You can't vote if you're not a citizen. How did you prove you were citizen? Thomas Paine said…
UrKidsWillPay - Voter rights, crime victim rights amendments set for fall ballot so far - Quincy, IL News - QuincyJo
The problem isn't just dead people voting. It's also living people voting multiple times. On of the Carolina's recently identified 35,000 voters with the same names and date of birth voted more than once in 2012. Most likely these are college students but 35,000 is a major case of potential fraud
SeenTheLight1 - Firefighters and Bus Drivers contracts to go to City Council - Quincy, IL News - QuincyJournal.com
Sorry I forgot about John. But Don was before him. Don't know if there was anyone before. I think the Deputy Mayor filled it then.
QuincyJournal - REBEL MEDIA: Did thin-skinned Peoria mayor sic police on Tweeter? - Quincy, IL News - QuincyJournal.
It certainly adds to the absurdity. @NOTMayorSpring needs a cameo appearance. BG

Most Popular

Two die in overnight house fire Updated

Man arrested following south side stabbing

Petroleum Marketers, C-Stores, fight proposed Illinois gas tax hikes Updated Video

City department heads attempt to justify budgets to aldermen

Fowler man arrested for meth possession

Home Builders, Illinois House look to weaken Fire Marshal authority

Adams Co. Divorces for April, 18 2014

Firefighters and Bus Drivers contracts to go to City Council

Mercantile bank sale to United Community Bancorp, Inc. is complete

Mercantile bank sale to United Community Bancorp, Inc. is complete

4 months ago From UCB

UCB now has approximately $1.8 billion in assets

From Mercantile:

Mercantile Bank announced today that its sale to United Community Bancorp, Inc. (UCB) is complete. With the purchase of Mercantile Bank final, UCB has approximately $1.8 billion in assets and operates four independently-chartered banks with a combined total of 33 branches in 23 communities throughout central Illinois and northeast Missouri.

“We are pleased the sale is final,” said Lee Keith, Chairman of Mercantile Bank. “Our new ownership provides the bank with the strength and opportunity to continue to bring our customers the best-in-class financial services from the bank they have trusted since 1906. Our customers will see the same faces and they can look forward to enhanced services and conveniences as a result.”

“Mercantile Bank is a great community bank with significant customer relationships. We have long-sought this opportunity to add Mercantile Bank’s presence to our own; and with the completion of this purchase, our company has acquired a vital local banking institution that will continue to benefit the Quincy area,” stated Todd Wise, President and CEO of United Community Bank. “UCB is pleased to welcome the employees and customers of Mercantile Bank, which will continue to operate as Mercantile Bank.”

In addition to Mercantile Bank’s four Quincy locations, UCB also operates two branches in Quincy and one in Palmyra, MO which were acquired from Heartland Bank & Trust in October.

From UCB: 

On Monday, December 16, 2013, United Community Bancorp (UCB) completed the acquisition of Mercantile Bank in Quincy, Illinois.  This acquisition increases the number of UCB locations to 34 across downstate Illinois and northeastern Missouri.  The acquisition increases UCB’s presence in Quincy to a total of six branches and ten ATMs.  Mercantile Bank has assets of $360 million.

“UCB is excited to expand our presence in Quincy and increase our support of the community,” said United Community Bank Chairman Robert Narmont.  “We look forward to becoming more involved in the community as we provide excellent service, new technology and the latest in financial products to our Quincy customers.  UCB has a longstanding tradition of community banking and a 100-year track record of strength and stability.”

United Community Bancorp, Inc. was established in 1973. Its first bank, in Greene County, opened in 1907.  With the completion of this transaction, UCBancorp has an asset size of $1.8 billion and operates 34 locations in 23 communities including Springfield, Chatham, Auburn, Augusta, Bunker Hill, Bushnell, Carlinville, Carthage, Colchester, Divernon, Gillespie, Golden, Greenfield, Hamilton, Loami, Macomb, Mt. Sterling, Pawnee, Pittsfield, Quincy, Roodhouse and Winchester in Illinois, and Palmyra, Missouri.

 

UCB carries the highest 5-star rating with Bauer Financial and a perfect 300 performance rating with IDC Financial.


From the Newsroom

Bob Gough on Twitter

Bob Gough 2 hours, 21 minutes ago

RT @WSECTV: A weekly round table discussion of #ILpolitics kicks off at 7:30 tonight on CapitolView. #twill
Bob Gough on Twitter

Bob Gough 2 hours, 29 minutes ago

@NOTMayorMoore So one exists...just hasn't tweeted.
Bob Gough on Twitter

Bob Gough 2 hours, 35 minutes ago

RT @NOTMayorSpring: Heading to P-town in full karate gear.