FORM 10-QSB/A

QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE

SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended September 30, 2001 Commission File Number: 0-15982

NATIONAL MERCANTILE BANCORP

(Exact name of small business issuer as specified in its charter)

California		95-3819685
(State or other jurisdiction of		(I.R.S. Employer
incorporation or organization)		Identification No.)

1840 Century Park East, Los Angeles, California		90067
(Address of principal executive offices)		(Zip Code)

Issuer's telephone number, including area code (310) 277-2265

Indicate by check mark whether the issuer (1) has 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) has been subject to such filing requirements for the past 90 days.

YES

APPLICABLE ONLY TO CORPORATE ISSUERS:

The number of shares outstanding of the issuer's Common Stock, no par value, as of November 8, 2001 was 1,623,267.

Item 6. EXHIBITS AND REPORTS ON FORM 8-K

(a) Exhibits.

10.1 Amended and Restated Declaration of Trust – National Mercantile Capital Trust I

10.2 Guarantee Agreement of National Mercantile Bancorp dated July 16, 2001

10.3 Indenture dated as of July 16, 2001 – Junior Subordinated Debt Securities

(b) Reports on Form 8-K.

On July 24, 2001, the Company filed a report on Form 8-K reporting under Item 5 the Agreement and Plan of Reorganization dated July 18, 2001with South Bay Bank, N.A.

SIGNATURES

Pursuant to the requirements 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.

		National Mercantile Bancorp
		(Registrant)



DATE:	December 18, 2001	/s/ Scott A. Montgomery
		SCOTT A. MONTGOMERY
		Chief Executive Officer

DATE:	December 18, 2001	/s/ DAVID R. BROWN
		DAVID R. BROWN
		Chief Financial Officer