Liberty Bell Bank Announces Voluntary Delisting
09 Dezembro 2008 - 11:30AM
Business Wire
Liberty Bell Bank (Nasdaq:LBBB) (the �Bank�) announced today that
it has notified the Nasdaq Stock Market�LLC (�Nasdaq�) of its
intent to voluntarily delist its common stock from the Nasdaq
Capital Market. The Bank currently anticipates that it will file
with the Federal Deposit Insurance Corporation and Nasdaq a Form�25
relating to the delisting of its common stock on or about
December�19, 2008, with the delisting of its common stock becoming
effective ten days thereafter. Accordingly, the Bank anticipates
that the last day of trading of its common stock on the Nasdaq
Capital Markets will be on or about December�31, 2008. The Bank has
discussed with the market makers for its common stock having its
common stock quoted on the OTC Bulletin Board effective January 2,
2009, but no arrangements have yet been made in that regard. The
Bank�s common stock was quoted on the OTC Bulletin Board from its
formation in 2003 until the completion of its secondary common
stock offering and listing on Nasdaq in April 2005. The decision to
voluntarily delist its common stock is a cost savings step that
will eliminate expenses associated with Nasdaq listing fees. Given
the light trading volume of its common stock, the Bank believes
that investors will be more than adequately served by other
alternatives such as the OTC Bulletin Board or the Pink Sheets. The
Bank also expects that, going forward, the delisting of its common
stock will provide it with greater corporate flexibility and will
allow it to deploy more resources to its core business operations.
The Bank is in compliance with all applicable Nasdaq continued
listing standards has not received any notice from Nasdaq to the
contrary. About Liberty Bell Bank Liberty Bell Bank is a New Jersey
chartered commercial bank that maintains offices in Cherry Hill,
Moorestown, and Marlton, New Jersey. Its financial condition and
results of operations at and for the three and nine month periods
ended September 30, 2008 are set forth in its Form�10-Q filed on
November 14, 2008 with the FDIC. Cautionary Notice Regarding
Forward-Looking Statements Some discussions in this press release
may contain forward-looking statements within the meaning of The
Private Securities Litigation Reform Act of 1995. We caution the
reader to be aware of the speculative nature of �forward-looking
statements.� Statements that are not historical in nature,
including the words �anticipate,� �estimate,� �should,� �expect,�
�believe,� �intend,� �look forward,� �project� and similar
expressions, are intended to identify forward-looking statements.
Although these statements reflect management of the Bank's good
faith belief based on current expectations, estimates and
projections about (among other things) the banking industry and the
markets in which the Bank operates, they are not guarantees of
future performance. No undue reliance should be placed on any
forward-looking statements. Whether actual results will conform to
our expectations and predictions is subject to a number of known
and unknown risks and uncertainties, including but not limited to
the risks that the Bank will not realize the anticipated corporate
flexibility or recognize any cost savings as a result of delisting,
the possibility that no alternative arrangements can be made for
quotation of the Bank�s common stock, which may decrease liquidity
and market value, the risk that the act of delisting, while
voluntary, may be negatively perceived in the marketplace and other
risks described in the Bank�s filings with the Federal Deposit
Insurance Corporation, including its Form�10-K for the year ended
December�31, 2007 and Form�10-Q for the period ended September�30,
2008. The statements in this press release are made as of the date
of this press release, even if subsequently made available by the
Bank on its website or otherwise. The Bank does not undertake any
obligation to update or revise these statements to reflect events
or circumstances occurring after the date of this press release.
Lakeshore Acquisition II (NASDAQ:LBBB)
Gráfico Histórico do Ativo
De Jul 2024 até Ago 2024
Lakeshore Acquisition II (NASDAQ:LBBB)
Gráfico Histórico do Ativo
De Ago 2023 até Ago 2024