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Roosevelt Financial Group Inc

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December 24, 1996 | Times Staff and Wire Reports
Mercantile Bancorp Inc. agreed to acquire Roosevelt Financial Group Inc. for $1.07 billion, as Missouri's second-largest bank prepares to compete with growing rivals such as Boatmen's Bancshares Inc. After the merger, Mercantile would have $30 billion of assets, 23% of all the money deposited in Missouri banks and thrifts, and become the second-largest bank in Kansas City. Chesterfield, Mo.-based Roosevelt shares rose $2.39 to close at $30.52 on Nasdaq, while St.
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BUSINESS
December 24, 1996 | Times Staff and Wire Reports
Mercantile Bancorp Inc. agreed to acquire Roosevelt Financial Group Inc. for $1.07 billion, as Missouri's second-largest bank prepares to compete with growing rivals such as Boatmen's Bancshares Inc. After the merger, Mercantile would have $30 billion of assets, 23% of all the money deposited in Missouri banks and thrifts, and become the second-largest bank in Kansas City. Chesterfield, Mo.-based Roosevelt shares rose $2.39 to close at $30.52 on Nasdaq, while St.
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