Business News • MarketWire • Mercantile Bancorp Receives Letter From NYSE Amex, LLC |
Mercantile Bancorp Receives Letter From NYSE Amex, LLC |
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Mercantile Bancorp Receives Letter From NYSE Amex, LLC
QUINCY, IL--(Marketwire - Apr 29, 2011) - Mercantile Bancorp, Inc. (NYSE Amex: MBR) today reported it had received notice on April 29, 2011 from NYSE Amex, LLC (the "Exchange") indicating the Company is below certain of the NYSE Amex's continued listing standards regarding stockholders' equity, losses from continuing operations, and net losses in two of its three most recent fiscal years, as set forth in Sections 1003(a)(i), (ii) and (iv) of the Company Guide. The Company has been requested to submit a plan of compliance to the Exchange by May 25, 2011 that demonstrates the Company's ability to regain compliance with Sections 1003(a)(i) and (ii) by October 24, 2012 and Section 1003(a)(iv) by October 25, 2011. If the Company does not submit a plan or if the Exchange does not accept the plan, the Company will be subject to delisting procedures as set forth in Section 1010 and part 12 of the Company Guide.
View More : http://www.marketwire.com/mw/release.do?id=1508306&sourceType=3
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