Mercantile Bancorp posts $192,979 net loss for January, zero revenue

By Kali Hays

New York, Feb. 21 - Mercantile Bancorp, Inc. reported a net loss of $192,979 for January on zero revenue, according to its monthly operating report filed with the U.S. Bankruptcy Court for the District of Delaware.

Those figures compare to a $25.04 million net loss on negative $1.25 million of revenue reported for December.

The company also reported cash and cash equivalents of $3.35 million, down from $3.54 million reported at the end of December.

Mercantile Bancorp, a Quincy, Ill., bank holding company, filed for bankruptcy on June 27, 2013. The Chapter 11 case number is 13-11634.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.