MEMO

Capital Bancorporation's net income for the three months ended June 30 was $1,713,000. Earnings per common and common equivalent share for the three months were 52 cents. Total assets exceeded $862 million.

Non-performing loans June 30 were $3,623,000. The allowance for possible loan losses was $10,733,000, representing approximately 296 percent of non-performing loans and approximately 1.57 percent of total loans.

On July 18, the board of directors declared a regular quarterly cash dividend of 17 cents per share on common stock, payable Aug. 4 to shareholders of record July 28, and declared the quarterly cash dividend with respect to the preferred stock (depositary shares) payable Sept. 1 to holders of record Aug. 25.

Capital Bancorporation is a multibank holding company headquartered in Cape Girardeau. The company operates 29 facilities through six affiliate banks in Missouri.

Dana Corp., headquartered in Toledo, Ohio, has announced continuous improvement in its financial performance during the second quarter of 1994, with increased sales and earnings.

Earnings for the three months ended June 30 were $68 million, up from sales of $36.6 during the second quarter of 1993, and up 39 percent from the previous record-high $48.8 million established during the first quarter of 1985.

Consolidated sales for the second quarter of 1994 were $1.71 billion, up from the $1.42 billion during the same period in 1993. It surpassed the previous record of $1.6 billion during the first quarter of 1994.

Earnings per share for the second quarter were 69 cents.

Dana, a worldwide supplier of original equipment components for vehicular, industrial and mobile off-highway markets, has an operation at 2075 Corporate Circle.

Mercantile Bancorporation Inc., a St. Louis-based $12 billion bank-holding company, has announced plans to merge with UNSL Financial Corp.

UNSL is a $464 million asset-holding company based in the southwest Missouri town of Lebanon. It is the parent company of United Savings Bank, a savings and loan with 21 offices in southwest and central Missouri.

The merger agreement calls for UNSL shareholders to receive about 1,731,000 shares of Mercantile common stock as consideration. The merger is subject to approval by UNSL shareholders and regulatory agencies.

Mercantile Bancorporation owns 42 financial institutions in Missouri, including Cape Girardeau; Illinois; Kansas and Iowa.

The merger is the second announced by Mercantile this month. On July 6, Mercantile announced plans to merge with the Alton, Ill.-based Wedge Bank.

Boatmen's Bancshares Inc. reported a 10 percent increase in second-quarter net income.

Net income earnings for the quarter were $88 million, or 88 cents per common share, compared with $79.7 million and 77 cents per common share during the same quarter in 1993.

Net income rose 9 percent for the six-month period of 1994. It went to $173.6 million, or $1.66 per share, from $159 million, or $1.54 per share.

Boatmen's operates more than 400 facilities in nine states, and has banks in Cape Girardeau and Jackson.

Commerce Bancshares Inc. reported record earnings of $46.6 million for the six months ended June 30.

Six-months earnings were up 10 percent compared to $42.4 million for the same period a year ago. Per-share earnings for the six months were $1.45 in 1994, compared to $1.35 during the same period in 1993.

Second-quarter income was $24.6 million, up 15 percent over the $21.4 million of the same period in 1993. Per-share earnings for the quarter were 76 cents compared to 68 cents in 1993.

Commerce Bancshares operates 170 facilities in Illinois, Kansas and Missouri, including Cape Girardeau.

Sears, Roebuck and Co., headquartered at Chicago, says its second-quarter profits heated up in part because of warm temperatures that sent consumers scurrying for air conditioners and other big-ticket items.

The company reported last week it earned $503.4 million, or $1.27 a share, on revenues of $13.01 billion in the quarter ended June 30. That compared with $1.01 billion, or $2.86 per share, on revenues of $12.16 billion in the second quarter of last year.

KFVS-12 recently received the Best Newscast award on the medium market from the Missouri Broadcasters Association.

Howard Meagle, vice president and general manager of KFVS, accepted the award at a ceremony in Branson.

It marked the second consecutive year the station received the award.

Fastenal Co., a national distributor of threaded metal products and related construction supplies, reported sales of $39.3 million during the second quarter of 1994, up 45 percent from the $27.1 million during the same period a year ago. Net earnings increased from $2.9 million to $4.6 million and earnings per share increased form 15 cents to 24 cents.

One of the company's 286 stores is at 2228 Bloomfield Road.