Mercantile Bancorp Announces Filing of Form 25 With Securities and Exchange Commission
November 28 2011 - 5:05PM
Marketwired
Mercantile Bancorp, Inc. (NYSE Amex: MBR) (the "Company") filed on
November 28, 2011 a Form 25, Notification of Removal from Listing
and/or Registration under Section 12(b) of the Securities Exchange
Act of 1934, with the Securities and Exchange Commission. The
Company anticipates that the Form 25 will become effective 10 days
following its filing, and that the Common Stock would be removed
from listing on NYSE Amex on or about December 8, 2011. Following
anticipated delisting from NYSE Amex, the Common Stock will not be
quoted on any stock exchange, and there cannot be any assurance
that the shares will be quoted on any over-the-counter market.
On or after the effective date of delisting, the Company intends
to file a Form 15 with the SEC to voluntarily effect the
deregistration of its common stock. The Company is eligible to
deregister by filing Form 15 because it has fewer than 300 holders
of record of its common stock. Upon the filing of the Form 15, the
Company's obligations to file certain reports with the SEC,
including Forms 10-K, 10-Q, and 8-K and proxy statements, will
immediately be suspended.
About Mercantile Bancorp, Inc. Mercantile
Bancorp, Inc., headquartered in Quincy, Illinois, is a regionally
owned and operated bank holding company formed in 1983 to bring
together the resources of proven community banks in order to
provide its markets the very best financial products, services, and
technologies combined with superior community bank service. The
company's affiliate banks collectively offer a full line of
FDIC-insured deposit services including checking accounts, savings
accounts, money market accounts, certificates of deposit, and
individual retirement accounts, as well as a complete line of
lending services: consumer loans, credit cards, mortgage loans,
home equity lines of credit, and commercial and agricultural loans
and lines of credit. Additional services include asset management
services: trusts, estate planning, investment services, and farm
management.
Forward-Looking Statements This press
release may contain "forward-looking statements" which reflect the
Company's current views with respect to future events and financial
performance. These forward-looking statements include, but are not
limited to statements preceded by, followed by or that include the
words "believes," "could," "expects," "anticipates," "estimates,"
"intends," "plans," "projects," "seeks," "exploring," or similar
expressions. Such statements are subject to certain risks and
uncertainties, which could cause actual results to differ
materially from results presently anticipated or projected. The
Private Securities Litigation Reform Act of1995 ("the Act")
provides a safe harbor for forward-looking statements that are
identified as such and are accompanied by the identification of
important factors that could cause actual results to differ
materially from the forward-looking statements. For these
statements, the Company, together with its subsidiaries, claims the
protection afforded by the safe harbor in the Act. Forward-looking
statements are not based on historical information; but rather are
related to future operations, strategies, financial results, or
other developments. Forward-looking statements are based on
management's expectations as well as certain assumptions and
estimates made by, and information available to, management at the
time the statements are made. Those statements are based on general
assumptions and are subject to various risks, uncertainties and
other factors that may cause actual results to differ materially
from the views, beliefs, and projections expressed in such
statements. These risks, uncertainties, and other factors that may
cause actual results to differ from expectations, are set forth in
our Annual Report on Form 10-K for the year ended December 31,
2010, and our Quarterly Reports on Form 10-Q for the quarters ended
March 31, 2011, June 30, 2011, and September 30, 2011 as on file
with the Securities and Exchange Commission, and include, among
other factors, the following: general business and economic
conditions on both a regional and national level; fluctuations in
real estate values; the level and volatility of the capital
markets, interest rates, and other market indices; changes in
consumer and investor confidence in, and the related impact on,
financial markets and institutions; estimates of fair value of
certain Company assets and liabilities; federal and state
legislative and regulatory actions; various monetary and fiscal
policies and governmental regulations; changes in accounting
standards, rules and interpretations and their impact on the
Company's financial statements; denial of the applications to
voluntarily delist from the NYSE Amex; denial of Form 25 and Form
15 to deregister under the Exchange Act; and the actual amount of
cost-saving benefits from becoming a non-reporting company. The
words "believe," "expect," "anticipate," ''project,'' and similar
expressions often signify forward-looking statements. You should
not place undue reliance on any forward-looking statements. Any
forward-looking statements in this release speak only as of the
date of the release, and we do not assume any obligation to update
the forward-looking statements or to update the reasons why actual
results could differ from those contained in the forward-looking
statements.
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