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FORVIS Capital Advisors: Mercantile Bank Merger Advised

FORVIS Capital Advisors announces it advised Northeast Missouri Bancshares in its merger with HNB National Bank. Read on for details.
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FORVIS Capital Advisors (FCA) is pleased to announce it advised Northeast Missouri Bancshares, Inc. in its merger with HNB National Bank.

Northeast Missouri Bancshares, Inc. is the parent company of Mercantile Bank of Louisiana, Missouri, a community-based bank. HNB Bancorp, Inc. is the parent company of HNB National Bank, a community bank headquartered in Hannibal, Missouri. The combination creates a strong regional bank in northeast Missouri with more than $800 million in assets.

FORVIS Capital Advisors Mercantile Bank

Mercantile Bank was established in 1880 with capital of $50,000 and has continued to care for the banking needs of its community in the 100+ years following its formation. Throughout its history, the bank was consistently recognized as one of the safest banks in the United States. Due to changes in the industry, the bank’s board and the family that owned the majority of Mercantile Bank felt that it was time to consider finding a merger partner to continue to provide outstanding banking services to its customers and rewarding career opportunities for its loyal employees.

The bank engaged FCA to run a targeted sell-side process to help ensure value for its shareholders while also identifying a merger partner who would be equally committed to the community and its employees. FCA leveraged its deep experience and network in the industry to run a customized process focused on finding the right partner for Mercantile Bank.

HNB National Bank, a community bank with approximately $670 million in assets, 14 locations in northern Missouri, and an unrelenting commitment to both the community and its employees, was the perfect fit. Initially organized in May 1888 as the Bank of Hannibal, the bank has continued growing to serve additional markets throughout northeast Missouri and officially became HNB National Bank in 2003. Illustrating its long-standing commitment to the community, HNB National Bank maintains its corporate headquarters in the building it constructed in the 1880s at the corner of Main and Broadway in Hannibal, Missouri.

About FORVIS Capital Advisors

FCA is a leading broker-dealer and investment banking firm serving middle-market companies' investment banking and corporate finance needs. FCA provides sophisticated merger and acquisition advisory, capital formation, and succession planning services to family-owned, entrepreneur-led, and closely held businesses. FCA has investment professionals across the U.S. with deep industry and transaction experience. With access to the vast national resources of FORVIS LLP, our dedicated FCA team has the experience and resources to assist you in identifying the right liquidity or growth strategy to help you unlock and create value for your business.

For Transaction-Related Inquiries

If you have any questions or need assistance, please reach out to an FCA professional.

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