Mercantile Bancorp posts $197,316 net loss for November; revenue down

By Caroline Salls

Pittsburgh, Dec. 23 - Mercantile Bancorp, Inc. posted a net loss of $197,316 for November on negative $43,448 of revenue, according to its monthly operating report filed Friday with the U.S. Bankruptcy Court for the District of Delaware.

Those figures showed a decline from the $12,500 net loss reported for October on $153,407 of revenue.

The company also reported cash and cash equivalents of $227,871 as of Nov. 30, down from $402,669 at the end of October.

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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