New York, New York -- ERisk, the leading provider of integrated software and consulting solutions that enable financial institutions to enhance their performance through better risk and capital management, recently announced that Mercantile Bankshares Corporation, the Baltimore-based $14.4 billion bank holding company, had licensed its Abacus economic capital analytics solution. The deployment of Abacus is part of a comprehensive plan by Mercantile Bankshares to introduce sophisticated, risk-based performance measures into their business processes and management decision-making.

"Given Mercantile Bankshare's rapid growth and dynamic business environment, we wanted to have our staff equipped with state-of-the-art risk management tools and techniques," stated Kaye Simmons, Treasurer at Mercantile Bankshares. "We're confident that ERisk's Abacus system will help us better plan where our capital should be invested and allow us to successfully deliver a number of key strategic initiatives, including risk-based pricing capabilities and addressing loan loss reserves."

According to Scott Satterfield, Regional Manager at ERisk, "We're pleased to have Mercantile Bankshares as a new addition to the fast-growing community of banks using the Abacus software solution for Economic Capital and RAROC analysis. The management team at Mercantile now has the necessary analytical and reporting framework from which to grow their enterprise-wide risk management program."

In the coming year, Mercantile plans to use Abacus and its wide range of reports to help communicate with various outside regulatory agencies. The goal is to accurately convey the risk-adjusted performance of the Mercantile organization.

Interested parties can learn more about ERisk and our wide range of risk management software and consulting offerings by contacting the ERisk sales organization at 212-819-0170.

About Mercantile Bankshares
Mercantile Bankshares Corporation, with more than $14 billion in assets, is a regional multibank holding company with headquarters in Baltimore, Maryland. It is comprised of Mercantile-Safe Deposit and Trust Company, twelve community banks and a mortgage banking company. The banks offer retail and corporate services through approximately 230 offices in Delaware, Maryland, Pennsylvania, and Virginia. Mercantile Bancshares also owns three insurance agencies, a mortgage banking company, and other financial services concerns.

About ERisk
ERisk is the leading provider of integrated software and consulting solutions that enable organizations to enhance their performance through better risk and capital management. Our mission is to help financial services institutions, property & casualty insurers, and non-financial corporations transform their risk management processes to increase management effectiveness, reduce losses and increase shareholder value. Please visit ERisk's website and risk management resource center at www.erisk.com.

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Press Contact:

Tony Marcos
Director of Marketing
ERisk
(917) 522-1619
tmarcos@erisk.com

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