Mercantile Bancorp, Inc. today announced that Richard J. Halter has been named Senior Vice President of Credit Administration of the Company, a newly created position, effective August 1, 2008. Halter has been serving as Vice President of Credit Administration at Mercantile Bank, the company's lead institution, since 2001. He will report to Ted T. Awerkamp, President & CEO.
"We have grown to an asset size where we require a specific credit administration position at the holding company level to ensure we provide a dedicated, high-level credit and underwriting resource to our subsidiary banks," stated Awerkamp. "This will enable us to be highly effective in balancing the opportunities being developed across our markets and more effectively identify and manage risk. Rick's substantial experience and integrity will be essential in helping shape this new role, and ensuring a continual focus on our combined portfolio quality."
