Mercantile Bancorp posts $55,475 net profit for September; revenue up

By Jim Witters

Wilmington, Del., Oct. 21 - Mercantile Bancorp, Inc. posted a net profit of $55,475 for September on $292,942 in revenue, according to the company's monthly operating report filed Oct. 21 with the U.S. Bankruptcy Court for the District of Delaware.

Those figures compare to a $43,748 net loss for August on negative $31,058 in revenue.

The company also reported cash and cash equivalents of $568,577 as of Sept. 30, down from $798,071 at the end of August.

Mercantile Bancorp, a Quincy, Ill., bank holding company, filed for bankruptcy on June 27. The Chapter 11 case number is 13-11634.

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