Mercantile Bancorp records $43,748 August net loss; revenue declines

By Caroline Salls

Pittsburgh, Sept. 20 - Mercantile Bancorp, Inc. reported a $43,748 net loss for August on negative $31,058 in revenue, according to its monthly operating report filed Friday with the U.S. Bankruptcy Court for the District of Delaware.

In comparison, Mercantile Bancorp showed a $339,750 net profit for the period of June 27 through July 31 on $358,546 in revenue.

The company had $798,071 in cash and cash equivalents at Aug. 31, down from $810,761 at the end of July.

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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