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Mercantile Bancorp, Inc.
Case Number:
1:13-bk-11634
Court:
Nature of Suit:
Firms
Companies
Sectors & Industries:
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September 24, 2013
Mercantile Bancorp, Investors Agree On $23M Ch. 11 Sale
Parties in the Mercantile Bancorp Inc. bankruptcy case said Tuesday that they'd come to an agreement over the bank holding company's contested $23 million asset sale to United Community Bancorp Inc., but that was news to the buyer, which wanted to review it before the court takes action.
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September 16, 2013
Bankrupt Mercantile Bancorp Urges Approval For $23M Sale
Mercantile Bancorp Inc. on Monday urged a Delaware bankruptcy judge to approve the bank holding company's $23 million asset sale to United Community Bancorp Inc., while securities holders asked the court to reject the proposed transaction as a bad deal for creditors.
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September 10, 2013
Mercantile Bancorp Investors Pan Planned $22M Ch. 11 Sale
Mercantile Bancorp Inc. securities holders urged a Delaware bankruptcy judge Tuesday to reject the holding company's planned $22.3 million asset sale to United Community Bancorp Inc., contending the deal will actually result in a $1.9 million loss for the estate.
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August 05, 2013
Mercantile Bancorp's $22M Stalking Horse Sale Earns OK
Mercantile Bancorp Inc. on Monday got the go ahead to proceed with plans to a conduct a Chapter 11 sale with a $22.3 million stalking horse, though the process will take a few weeks longer than it had hoped.
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July 22, 2013
Mercantile Bancorp Securities Holders Blast $22M Sale Plan
The official committee of trust preferred securities holders in the Mercantile Bancorp Inc. bankruptcy case on Monday slammed the debtor's Chapter 11 sale strategy, arguing that the $22 million stalking horse bid from United Community Bancorp Inc. is really a private sale dressed up as an auction.