Americas United Bank of Glendale Poised for Public Trading.Locally-Owned Bank Selects Three Market Makers GLENDALE, Calif. -- Americas United Bank (AUB AUB Auburn (University) AUB Alstublieft (Dutch: please) AUB American University of Beirut (Beirut, Lebanon) AUB Abnormal Uterine Bleeding AUB Ahli United Bank ) (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :AUNB) today announced that it has taken the next step in becoming a publicly traded company publicly traded company A company whose shares of common stock are held by the public and are available for purchase by investors. The shares of publicly traded firms are bought and sold on the organized exchanges or in the over-the-counter market. . With its newly minted trading symbol Trading symbol See: Ticker symbol of AUNB, Americas United Bank has selected 3 market makers representing California's largest financial markets: Howe Barnes Hoefer & Arnett, Stone & Youngberg, and Wedbush Morgan Securities. The establishment of these relationships clears the way for the bank's stock to be publicly traded. "We are very pleased to be listed on the OTC Bulletin Board OTC Bulletin Board An electronic quotation listing of the bid and asked prices of OTC stocks that do not meet the requirements to be listed on the NASDAQ stock-listing system. . This listing is very important and a key milestone in the Bank's history. Our shareholders are now able to trade our shares in the public marketplace. We look forward to the challenge of returning value to our shareholders," said Americas United Bank President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. Gilbert Dalmau. CEO Dalmau continued, "We would hope that there is demand for our stock as we move forward in the execution of our business model. We have assembled a very strong team of veteran bankers and we look forward to meeting the challenges that lie ahead." Americas United Bank opened its doors for business as a State Chartered financial institution on November 6, 2006, and is believed to be the first Hispanic owned bank to open in the state of California in over thirty years. Founded by a group of respected business leaders (primarily from the Hispanic community), AUB is a full-service commercial bank that provides business and personal banking products and services, including business and real estate loans, SBA SBA abbr. Small Business Administration Noun 1. SBA - an independent agency of the United States government that protects the interests of small businesses and ensures that they receive a fair share of government loans, lines of credit, corporate debit & credit cards, international trade solutions, and more. For more information on the bank, please contact the bank at (818) 637-7000 or visit our website at www.aubank.com. Certain statements in this press release, including statements regarding the anticipated development and expansion of the Bank's business, and the intent, belief or current expectations of the Bank, its directors or its officers, are "forward-looking" statements (as such term is defined in the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995). Because such statements are subject to risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements. These risks and uncertainties include, but are not limited to, risks related to the local and national economy, the Bank's performance and implementation of its business plans, loan performance, interest rates, and regulatory matters. |
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