The past 12 months have been brutal to the public company scene in St. Louis, with just 37 companies listed on stock exchanges in the region, down from 43 in the annual report published in May 2015.
The region was expected to have a net loss of only one company this year: Two corporations — Viasystems Group and Sigma-Aldrich — would leave once previously announced acquisitions were completed, while Edgewell Personal Care joined when it debuted in July.
But Synergetics USA and Pulaski Financial both were gobbled up by larger companies outside the region and three local energy companies fell into bankruptcy: Arch Coal, SunEdison and Peabody. For the past four years, these three companies accumulated losses that totaled at least $11.5 billion; SunEdison has yet to report how it fared in the fourth quarter.
Last month, First Clover Leaf Financial Corp. agreed to sell itself to First Mid-Illinois Bancshares Inc. of Mattoon, Ill. Once that deal closes, the figure will fall to 36.
Read more: St. Louis Post-Dispatch