Jacksonville Bancorp Inc. (JAXB)

[56Chevy]

OK ..it's official...a 1-for-20 reverse stock split

Jacksonville Bancorp, Inc. Announces Reverse Stock Split Effective October 24, 2013

JACKSONVILLE, Fla., Oct. 23, 2013 /PRNewswire/ -- Jacksonville Bancorp, Inc. (the "Company") (NASDAQ: JAXB), holding company for The Jacksonville Bank, today announced that it has filed an amendment to its Articles of Incorporation with the Florida Secretary of State to effect a 1-for-20 reverse stock split of its common stock and nonvoting common stock, effective as of 12:01 a.m. Eastern time on October 24, 2013. The Company's shareholders had authorized the Board of Directors to approve a reverse stock split at the special meeting of shareholders in February 2013, and as previously announced, the Board approved the reverse split at a ratio of 1-for-20 on October 8, 2013.

http://ih.advfn.com/p.php?pid=nmona&article=59719538