BIZ BITS: Citizens First parent delists from Nasdaq
Princeton National Bancorp, Inc., parent company of Citizens First National Bank, recently announced that it was delisting its common stock from the Nasdaq Global Market and that it expects that the stock will begin trading on the OTCQB Marketplace effective June 29, 2012.
The company received notification on April 18, 2012 from the Nasdaq Stock Market that it was not in compliance with Nasdaq’s Marketplace Rule 5450(b)(1)(A), which requires it to maintain a minimum stock holders equity of $10 million. The notification provided 45 days from their respective notification dates within which to regain compliance.
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