First Charter Bank, NA makes announcement.BEVERLY HILLS, Calif.--(BUSINESS WIRE)--April 2, 1996--First Charter Bank, NA (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :FCBK) announced Tuesday that it was notified by The Nasdaq Stock Market Nasdaq stock market The first electronic stock market listing over 5000 companies. The Nasdaq stock market comprises two separate markets, namely the Nasdaq National Market, which trades large, active securities and the Nasdaq Smallcap Market that trades emerging growth companies. Inc. that because the minimum bid price for the Bank's securities is under $1.00, the Bank's securities are scheduled to be delisted from the Nasdaq National Market effective with the opening of business on Friday, April 5. The Bank has filed a notice of appeal with The Nasdaq Stock Market Inc. which operates as an automatic stay on the April 5 delisting date. The Bank estimates that the matter will be resolved towards the end of April 1996. The Bank is a national banking association with its headquarters office located at 265 North Beverly Drive, Beverly Hills, CA 90210. CONTACT: Radcliffe & Associates, New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of Donald Radcliffe, Investor Relations Investor relations The process by which the corporation communicates with its investors. 212/605-0424 or First Charter Bank, Beverly Hills Peter L. Bustetter, 310/278-7200 |
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