Northern Empire Bancshares Common Stock Begins Trading on the NASDAQ National Market
19 Maio 2005 - 10:30AM
PR Newswire (US)
Northern Empire Bancshares Common Stock Begins Trading on the
NASDAQ National Market SANTA ROSA, Calif., May 19
/PRNewswire-FirstCall/ -- Northern Empire Bancshares (parent of
Sonoma National Bank, its only operating subsidiary) announced
today its common stock will begin trading on the NASDAQ National
Market on Friday, May 20, 2005. Northern Empire Bancshares
currently trades on the Over the Counter Bulletin Board under the
symbol "NREB" and will retain that symbol on NASDAQ. NASDAQ is the
largest U.S. electronic stock market. Deborah A. Meekins, CEO and
President stated, "In a year that marks Sonoma National Bank's 20th
anniversary, we are also very excited to have NREB listed on the
NASDAQ National Market. We have worked very hard building a strong
and profitable financial institution on behalf of our shareholders
and the communities we serve. We have now reached the size where
listing NREB shares on the NASDAQ National Market makes sense for
us and our shareholders. Our NASDAQ National Market listing will
allow us to bring increased liquidity to our shareholders, and
greater visibility among institutional investors." Ms. Meekins went
on to say, "We are grateful to our principal market makers who have
been active in our stock in years past on the OTCBB, and who intend
to continue with us as we move to the NASDAQ. Those market makers
include: Hoefer & Arnett, 800-346-5544 and Brookstreet
Securities Corporation, 800-268-2578." Northern Empire Bancshares
is a financial holding company that conducts its business through
its wholly-owned subsidiary, Sonoma National Bank, both of which
are headquartered in Santa Rosa, California. The Bank has over $1.1
billion in assets, $94 million in shareholders equity, and has
grown profits and assets every year for the past 19 years. The Bank
serves its customers through 10 bank branch offices in 3 Bay Area
counties, and 5 Loan Production Offices in California and Arizona.
SAFE HARBOR: Except for historical information contained herein,
the statements contained in this press release are forward-looking
statements within the meaning of the "safe harbor" provisions of
Section 27A of the Securities Act of 1933, as amended, and Section
21E of the Securities Exchange Act of 1934, as amended. These
forward-looking statements are subject to risks and uncertainties.
Actual results may differ materially from those set forth in or
implied by forward-looking statements. These risks are described
from time to time in Northern Empire Bancshares Securities and
Exchange Commission filings, including its Annual Reports on Form
10-K and quarterly reports on Form 10-Q. While the Company intends
to trade on NASDAQ, there are no assurances of the effect, if any,
that listing with NASDAQ may have upon trading in the Company's
shares. Northern Empire Bancshares disclaims any intent or
obligation to update these forward-looking statements. DATASOURCE:
Northern Empire Bancshares CONTACT: Debbie Meekins, President and
CEO of Sonoma National Bank, +1-707-579-2265 Web site:
http://snbank.com/
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