People Name: Mercantile Trust Company Profession: Merchant Born/Started: Dec. 07, 1855 Description: Mercantile Trust Company first opened its doors on December 7, 1855 as State Savings Institution with one teller and $8,500 in capital. In 1899 it changed its name to Mercantile Trust and named its first president, Festus J. Wade. In 1902 the bank moved to Eighth and Locust. It was responsible for financing the St. Louis World´s Fair and Charles Lindbergh´s flight. Mercantilet was one of the largest banks in the state of Missouri when it was bought by Firstar Corporation of Milwaukee in September, 1999. [St. Louis Portrait, p. 220] |
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