PR Newswire: news distribution, targeting and monitoring
2014
See more news releases in Banking & Financial Services

1st Mariner Bancorp Announces Its Stock Will Begin Trading On the Over The Counter Bulletin Board

Share with Twitter Share with LinkedIn

BALTIMORE, Aug. 31, 2011 /PRNewswire/ -- 1st Mariner Bancorp (NASDAQ: FMAR), parent company of 1st Mariner Bank, announced that it received notice from the NASDAQ Stock Market ("NASDAQ") that its request for continued listing on NASDAQ was denied.  NASDAQ's determination followed an appeal by the Company of NASDAQ's initial delisting determination to a NASDAQ Listing Qualifications Panel on August 25, 2011. NASDAQ's determination was based on the Company's failure to comply with:  (1) NASDAQ Listing Rule 5450(b), which requires maintenance of a minimum of $2.5 million in shareholders' equity; and (2) NASDAQ Listing Rule 5450(a)(1), which requires maintenance of a minimum bid price of $1.00 per share.  

The delisting from NASDAQ in no way affects the daily operations of 1st Mariner Bank or any of its branches.

Effective September 1, 2011, 1st Mariner Bancorp's stock will begin trading on the Over The Counter Bulletin Board ("OTC"). Quotations for the Company's stock can be found under the symbol FMAR.OB.

Shareholders may contact Paul Susie, the Company's Chief Financial Officer, with any questions regarding the move to the OTC.  

SOURCE 1st Mariner Bancorp



Featured Video

Journalists and Bloggers

Visit PR Newswire for Journalists for releases, photos, ProfNet experts, and customized feeds just for Media.

View and download archived video content distributed by MultiVu on The Digital Center.

Share with Twitter Share with LinkedIn
 

Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

 

 
 

PR Newswire Membership

Fill out a PR Newswire membership form or contact us at (888) 776-0942.

 
 

Learn about PR Newswire services

Request more information about PR Newswire products and services or call us at (888) 776-0942.

 

Online Member Center

Not a Member?
Click Here to Join
Login
Search News Releases
Advanced Search
Search
  1. PR Newswire Services
  2. Knowledge Center
  3. Browse News Releases
  4. Contact PR Newswire
  5. Send a News Release