Edward Ned Kelly

EDWARD (NED) KELLY joined Mercantile Bankshares Corporation as its
President and Chief Executive in 2001. He became Chairman in 2003. Mr.
Kelly came to Mercantile from J.P. Morgan Chase, where he was head of
Global Financial Institutions and co-head of Investment Banking Client
Management. He had joined J.P. Morgan in 1994 as its General Counsel and
Secretary. In 1996 he became a Managing Director and subsequently ran
various parts of Morgan’s investment banking business. Prior to joining
J.P. Morgan, he was a partner with the law firm of Davis Polk &
Wardwell, where he specialized in matters related to financial
institutions. He received his Bachelor’s degree from Princeton
University and his JD from the University of Virginia School of Law. He
serves on a number of corporate and nonprofit Boards.