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Securities and Exchange Commission
Washington, DC 20549
Form 10-K
ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES ACT OF 1934
FOR THE YEAR ENDED: COMMISSION FILE NUMBER:
August 31, 2000 33-89380-01
MERCANTILE BANK NATIONAL ASSOCIATION
on behalf of MERCANTILE CREDIT CARD MASTER TRUST
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(Exact name of registrant as specified in its charter)
United States of America 37-0152681
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(State or other jurisdiction (IRS Employer
of incorporation or organization) Identification No.)
140 West Hawthorne
Hartford, Illinois 62048
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(Address of principal executive offices) (zip code)
REGISTRANT'S TELEPHONE NUMBER, INCLUDING AREA CODE: (618) 251-2035
SECURITIES REGISTERED PURSUANT TO SECTION 12(b) OF THE ACT: NONE
SECURITIES REGISTERED PURSUANT TO SECTION 12(g) OF THE ACT:
Mercantile Credit Card Master Trust Class A Floating
Rate Credit Card Participation Certificates, Series
1995-1, and Class B Floating Rate Credit Card
Participation Certificates, Series 1995-1
INDICATE BY CHECK MARK WHETHER THE REGISTRANT HAS (1) FILED ALL REPORTS
REQUIRED TO BE FILED BY SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT
OF 1934 DURING THE PRECEDING 12 MONTHS (OR FOR SUCH SHORTER PERIOD THAT THE
REGISTRANT WAS REQUIRED TO FILE SUCH REPORTS) AND (2) BEEN SUBJECT TO SUCH
FILING REQUIREMENTS FOR THE PAST 90 DAYS.
YES X NO
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State the aggregate market value of the voting stock held by non-affiliates
of the Registrant.
The Registrant has no voting stock or class of common stock outstanding as
of the date of this report.
INTRODUCTORY NOTE
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Mercantile Bank National Association (the "Originator"), the originator
of the Mercantile Credit Card Master Trust (referred to herein as the
"Registrant" or the "Trust"), is the Originator, seller, and servicer under
the Pooling and Servicing Agreement (the "Agreement"), dated May 17, 1995,
and the Series 1995-1 Supplement dated May 17, 1995, by and between the
Originator and The Chase Manhattan Bank (the successor-by-merger to Chemical
Bank), as the trustee (the "Trustee"), providing for the issuance of the
Mercantile Credit Card Master Trust Class A Floating Rate Credit Card
Participation Certificates, Series 1995-1, and Class B Floating Rate
Credit Card Participation Certificates, Series 1995-1 (collectively, the
"Certificates"). The Certificates represent obligations of, and interests in,
the Registrant and do not represent obligations of, or any interest in, the
Originator. On behalf of the Registrant, by letter dated May 15, 1995, and
July 6, 1995, the Originator made application pursuant to Section 12 (b) of
the Securities Exchange Act of 1934 for an exemption from certain reporting
requirements. Pursuant to the Response of the Office of Chief Counsel
Division of Corporate Finance of the Securities and Exchange Commission dated
August 23, 1995, granting Originator's request for such exemption pursuant to
Section 12(b), Originator is not required to respond to various items of the
Form 10-K. Such items are designated herein as "Not Applicable".
PART I
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ITEM 1. BUSINESS
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Not Applicable
ITEM 2. PROPERTIES
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Not Applicable
ITEM 3. LEGAL PROCEEDINGS
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None
ITEM 4. SUBMISSION OF MATTERS TO A VOTE OF SECURITYHOLDERS.
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None
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PART II
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ITEM 5. MARKET FOR REGISTRANT'S COMMON EQUITY AND RELATED
STOCKHOLDER MATTERS.
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The Certificates representing investors' interests in the
Trust are represented by certificates registered in the
name of Cede & Co., the nominee of The Depository Trust
Company ("DTC").
ITEM 6. SELECTED FINANCIAL DATA
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Not Applicable
ITEM 7. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL
CONDITION AND RESULTS OF OPERATIONS.
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Not Applicable
ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA
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Not Applicable
ITEM 9. CHANGES IN AND DISAGREEMENT WITH ACCOUNTANTS ON
ACCOUNTING AND FINANCIAL DISCLOSURE
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None
ITEM 10. DIRECTORS AND EXECUTIVE OFFICERS OF THE REGISTRANT
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Not Applicable
ITEM 11. EXECUTIVE COMPENSATION
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Not Applicable
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PART III
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ITEM 12. SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND
MANAGEMENT
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(a) The Certificates of each class of each series
representing investors' interests in the Trust are
represented by Certificates registered in the name of
Cede & Co., the nominee of The DTC, and an investor
holding an interest in the Trust is not entitled to
receive a Certificate representing such interest
except in certain limited circumstances. Accordingly,
as of the Registrant's fiscal year end, August 31,
2000, Cede & Co. is the sole holder of records of
Certificates. Cede & Co. holds the Certificates on
behalf of brokers, dealers, banks and other direct
participants in The DTC system. Direct DTC
participants may own Certificates for their own
accounts or hold them for the accounts of their
customers. As of August 31, 2000, the following
direct DTC participants held positions in
Certificates representing interests in the Trust
equal to or exceeding 5% of the total principal
amount of the Certificates of each class of each
series outstanding on that date:
<TABLE>
<CAPTION>
Title Aggregate Amount Percentage
Of Class of Certificate of Ownership
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<S> <C> <C> <C>
Series 1995-1
Class A
SWISS America $60,000,000 18.52%
Bank of New York $50,000,000 15.43%
Chase Manhattan $48,760,000 15.04%
Bankers Trust $39,500,000 12.19%
Wells Fargo $23,790,000 7.34%
Boston Safe $32,200,000 9.94%
HSBC/Republic Bank Inv $27,000,000 8.33%
Class B
Bank One Trust $15,000,000 37.50%
Boston Safe $10,000,000 25.00%
Chase Manhattan $10,000,000 25.00%
SSB&CO $ 5,000,000 12.50%
</TABLE>
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The address of each of the above participants is:
c/o The Depository Trust Company
7 Hanover Square
23rd floor, Proxy Department
New York, New York 10004
(b) Not Applicable
(c) Not Applicable
ITEM 13. CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS
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None
ITEM 14. EXHIBITS, FINANCIAL STATEMENT SCHEDULES, AND REPORTS
ON FORM 8-K
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(a) The following documents are filed as part of this Report:
3. Exhibits
19.1 Management Report with respect to Compliance with the
Servicing Requirements of the Mercantile Credit Card Master
Trust Pooling and Servicing Agreement and applicable
provisions of the Series 1995-1 Supplement.
19.2 Management Report with respect to Compliance with the
Article III, Section 3.04(b) of the Mercantile Credit Card
Master Trust Pooling and Servicing Agreement and applicable
provisions of the Series 1995-1 Supplement.
19.3 Annual Statement of Mercantile Bank National Association
dated as of November 21, 2000.
The Annual Report for calendar year 2000 is not required to be
delivered until January 31, 2001.
During the year ended August 31, 2000, twelve reports on Form 8-K were filed
with respect to the Trust. Such reports were dated September 17, 1999;
October 15, 1999; November 17, 1999; December 16, 1999; January 21, 2000;
February 18, 2000; March 17, 2000; April 19, 2000; May 18, 2000; June 20,
2000; July 21, 2000; and August 15, 2000; and each report reported the
following item:
Item 5. Other Events.
(a) See Item 14(a) 3. Above.
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SIGNATURES
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Pursuant to the requirements of Section 13 or 15(d) of the Securities
Exchange Act of 1934, the Registrant has duly caused this report to be signed
on its behalf by the undersigned, thereunto duly authorized.
Mercantile Bank National Association,
as Originator of the Trust
Date: November 21, 2000
By: \s\ John Deibel
John Deibel
Vice President
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EXHIBIT INDEX
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<TABLE>
<CAPTION>
PAGE
<C> <S> <C>
19.1 Management Report with respect to Compliance with the
Servicing Requirements of the Mercantile Credit Card Master
Trust Pooling and Servicing Agreement and applicable provisions
of the Series 1995-1 Supplement. 8
19.2 Management Report with respect to Compliance with Article III
Section 3.04(b) of the Mercantile Credit Card Master Trust
Pooling and Servicing Agreement and applicable provisions of
the Series 1995-1 Supplement. 9
19.3 Annual Statement of Mercantile Bank National Association dated
as of November 21, 2000. 10
</TABLE>
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