This is karma and why Theresa Kuchling and Randy McFarland shouldn't use peoples own trust funds against them...
Mercantile Bancorp Files for Bankruptcy to Sell Assets
"Mercantile was forced to seek bankruptcy protection from
creditors as a result of “the precipitous decline in the
financial markets during 2007 and 2008, foreclosure rates,
delinquency rates and default rates” at the six subsidiary
banks causing them to suffer “tremendous losses,” Chief
Executive Officer Lee Roy Keith said in an affidavit." - bloomberg
The company, based in Quincy, Illinois, listed debt of more
than $50 million and assets of less than $50 million in Chapter
11 documents filed today in U.S. Bankruptcy Court in Wilmington,
Delaware.
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