Mercantile Bancorp posts $25.04 million December net loss; revenue down

By Lisa Kerner

Charlotte, N.C., Jan. 21 - Mercantile Bancorp, Inc. posted a net loss of $25.04 million for December on negative $1.25 million of revenue, according to its monthly operating report filed Jan. 21 with the U.S. Bankruptcy Court for the District of Delaware.

Those figures showed a decline from the $197,316 net loss reported for November on negative $43,448 of revenue.

The company also reported cash and cash equivalents of $3.54 million as of Dec. 31, up from $227,871 at the end of November.

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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