MEMO

Capital Bancorporation's net income for the three months ended March 31, was $2.5 million, up 42 percent from the first quarter of 1994. Earnings per common and common equivalent share for the three months were 69 cents, up from the 46 cents for the first quarter of 1994. Included in the first quarter earnings per common and common equivalent shares were 7 cents resulting from non-recurring items. Assets exceeded $982 million.

Non-performing loans March 31 were $4.621 million. The allowance for possible loan losses was $11.998 million, representing nearly 260 percent of non-performing loans and 1.54 percent of total loans.

As previously announced, Oct. 21, Capital Bancorporation signed a definitive agreement to purchase all of the capital stock of Home Federal Savings and Loan Association of Jonesboro, Ark., with assets of about $80 million. The purchase agreement contains customary conditions of closing for this type of transaction, including receipt of regulatory approvals. The acquisition is expected to be completed during the second quarter.

On April 17, the board of directors of Capital Bancorporation Inc. declared a regular quarterly cash dividend of 18 cents a share on common stock, payable May 4 to shareholders of record April 27, and declared the quarterly cash dividend with respect to the preferred stock (depositary shares) payable June 1 to holders of record May 25.

Capital Bancorporation is a multi-bank holding company headquartered in Cape Girardeau. It operates 31 banking facilities through six affiliate banks in Missouri.

Edward D. Jones & Co. has been ranked No. 1 in a study of the nation's 21 leading full-service brokerage houses.

A Money magazine survey ranked the 21 financial services companies in five categories. The survey was conducted by interviewers posing as novice investors wanting to invest $40,000 safely.

Edward D. Jones & Co., headquartered at St. Louis, excelled at explaining products and mutual fund sales correctly and completely, asking about investors' time horizons and not pushing in-house investments. Jones doesn't sell in-house products of any kind.

Local Jones branches are at 215 N. Sprigg and 1749-I Independence.

Union National Bank of Wichita, Kan., has officially changed its name to Commerce Bank, N.A., becoming a part of the $9 billion Commerce Bancshares Inc., the third largest group in Kansas and one of the top performing banking companies in the United States.

Commerce Bancshares Inc. recently received an "A" rating from Thomson BankWatch Inc. of New York and placed among the Top 20 in the U.S. Banker's annual "Top 100 Banks."

Monday's name change marks the final step in the Commerce Bank-UNB merger announced in November.

The merger transaction, approved by shareholders, includes all 14 branches of Union National Bank in Wichita, Arkansas City, Derby, Hutchinson and Winfield. Commerce Bank will have 36 branches in Kansas representing assets of more than $1.3 billion, making it the third largest banking group in Kansas.

Commerce Bancshares Inc. announced record earnings of $25 million for the quarter ending March 31, an increase of 13.5 percent from the $22 million of the same period in 1994. Per-share earnings were 72 cents, up 9 percent from the 66 cents for the first quarter last year. The return on assets for the quarter was 1.25 with a return on equity of 13.36 percent.

Assets were $8.5 billion for the quarter, up 7.2 percent of the $7.9 billion a year ago, primarily due to acquisitions. Loans were $4.9 billion, up 19.3 percent from the $4.1 billion a year ago.

Commerce Bancshares recently completed the acquisition of Cotton Exchange Bank of Kennett and Peoples Bank in Bloomington, Ill.

Commerce Bancshares is a registered bank holding company operating at 200 sites in Missouri, Illinois and Kansas.

Colin Maiorano, senior faculty member for SkillPath Inc., will present a one-day seminar on "Managing Multiple Projects, Objectives and Deadlines," at the Holiday Inn in Cape Girardeau May 2.

The seminar includes topics on organization, increasing work volume and how to control stress.

Additional information concerning the program is available by calling 1-800-873-7545.

Mercantile Bancorporation Inc. has reported first quarter net income at $44.062 million, up 10.5 percent from the $39.866 million during the same period in 1994. Per-share net income rose 7.8 percent from 90 cents a year ago to 97 this year.

All prior year's financial data have been restated to reflect the results of operations and financial position of UNSL Financial Corp., which was merged with Mercantile Jan. 3 in a pooling-of-interests transaction.

For the first three months, Mercantile's return on assets was 1.35 percent, an increase from 1.26 percent a year ago, while returns on equity was 15.6 percent compared to 15.7 percent last year.

Assets on March 31 were $13.1 billion, up 5.7 percent from $12.4 billion a year earlier. Loans outstanding grew by 13.2 percent, from $7.9 billion a year ago to $9 billion this year.

Mercantile Bancorporation, headquartered in St. Louis, owns 42 banks in Missouri -- including Cape Girardeau -- Southern Illinois, eastern Kansas and northern Iowa.

A "Standard of Excellence for Today's Office Professional" workshop will be held at Drury Lodge in Cape Girardeau May 11.

Development of management skills and translating commitment into action are among topics to be discussed.

Anita Reed, of Anita Reed Seminars of Dallas, will be guest speaker for the daylong workshop. Reed has conducted hundreds of seminars for corporations, professional associations and government agencies.

The Girardot Chapter of Professional Secretaries International is sponsor of the workshop.

Cost of the seminar is $45 for members, and $65 for non-members. This doesn't include lunch.

Additional information is available by calling Sherri Jenkins, 651-2112.

Boatmen's Bancshares Inc. has reported first quarter earnings have increased 7 percent to $105.1 million, or 83 cents a common share before the impact of merger expenses. First quarter results from 1994 were $97.9 million or 77 cents a common share. Including merger expenses, net income for the first quarter was $85.4 million, or 67 cents a share.

Results for prior quarters have been restated to account for the pooling-of-interests acquisitions competed in the first quarter, which included Worthen Banking Corp., National Mortgage Co. and Dalhart Bancshares Inc.

Excluding merger expenses, return on equity for the first quarter was 16.1 percent and return on assets was 1.31 percent compared with 15.9 and 1.28 percent, respectively, a year ago.

Chairman Andrew Craig said the first quarter results reflected the successful closing of several acquisitions initiated in 1994. The acquisitions added about $4 billion in assets.

Boatmen's Bancshares, with assets of $32.4 billion, is the largest bank based in Missouri, and is one of the top 30 U.S. bank holding companies. Boatmen's operates at more than 500 sites in nine states.

Glenn's Furniture and Appliance of Sikeston has moved to larger quarters.

Glenn Wilburn, owner of the Sikeston store, said space was more than tripled in the move from New Madrid Street to the River Barge Mall.

The River Barge Mall was previously the Kingsway Plaza Mall.

Wilburn said the company would be handling more furniture, including more brand names.