Wednesday, July 1, 2015

mercantile bankruptcy

 http://www.bloomberg.com/news/articles/2013-06-27/mercantile-bancorp-files-for-bankruptcy-to-sell-assets-1-

"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  

Apparently happened around the time my poorly written trust was being mismanaged.