Mercantile Bancorp Deposits Itself In Ch. 11
MBI agreed to sell most of its remaining assets to United Community Bancorp for $22.3 million in a stalking horse bid, Thursday’s filings say. The company listed $10 million to $50 million in assets and $50 million to $100 million in liabilities, according to the petition.
The affidavit of MBI skipper Lee Roy Keith, also submitted Thursday, shows the familiar...
To view the full article, register now.