Mercantile Bankshares Corp., the parent of Mercantile-Safe Deposit and Trust Co., has declared a quarterly dividend of 21 1/2 cents a share of common stock, payable on June 29 to stockholders of record June 21. The dividend is unchanged from the previous quarterly dividend.
The bank holding company also announced the election of William C. Richardson as a director of both Mercantile Bankshares and Mercantile-Safe Deposit. Richardson has been president of Johns Hopkins University since July 1. He previously had been the executive vice president and provost at Pennsylvania State University.