Court decision on Mercantile sale pushed back - Quincy News, Weather, Sports, and Radio

Court decision on Mercantile sale pushed back


A bankruptcy judge's decision on whether the sale of Quincy's Mercantile Bank can move forward has been delayed.

Delaware judge Kevin Carey was expected to make a decision Friday, but the hearing was continued until Tuesday, Sept. 24.

According to court records, as part of a Chapter Eleven sale, Mercantile Bancorp wants to sell the Quincy bank to United Community Bancorp.

Mercantile's top shareholders argued against the $23 million deal in court Monday, Sept. 16 saying it would result in a net loss.

Powered by WorldNow
All content © Copyright 2000 - 2014 WorldNow and WGEM. All Rights Reserved.
For more information on this site, please read our Privacy Policy and Terms of Service and Mobile Privacy Policy & Terms of Service.

Persons with disabilities who need assistance with issues relating to the content of this station's public inspection file should contact Administrative Assistant Kathy Woodworth at 217-228-6617. Questions or concerns relating to the accessibility of the FCC's online public file system should be directed to the FCC at 888-225-5322, at 888-835-5322 (TTY) or at