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Tuesday, April 28, 2009 7:31:07 PM
Vineyard National Bank - VNBC
Large california bank becomes delisted and trades as a pinksheet stock.
Company Release - 04/22/2009 09:00
CORONA, CA -- (MARKET WIRE) -- 04/22/09 -- Vineyard National Bancorp (NASDAQ: VNBC) (NYSE Amex: VXC.PR.D) (the "Company") announced today that on April 16, 2009, the Company received a NASDAQ Staff Determination letter notifying the Company that its failure to pay its annual listing fee constitutes a failure to satisfy the filing requirement for continued listing under NASDAQ Marketplace Rule 5210(d) and, therefore, trading in the Company's common stock will be suspended at the opening of business on April 27, 2009 and a Form 25-NSE will be filed with the Securities and Exchange Commission (the "SEC") which will remove the Company's common stock from listing and registration on The NASDAQ Stock Market. The letter from NASDAQ advised us that the Company's common stock will not be immediately eligible to trade on the OTC Bulletin Board or in the "Pink Sheets."
On April 17, 2009, the Company also received correspondence from NYSE Amex LLC advising the Company that because the Company did not file an appeal regarding the delisting notice received on April 9, 2009, trading in the Company's 7.5% Series D Noncumulative Preferred Stock ("Preferred Stock") will be suspended at the opening of business on April 22, 2009. The correspondence from NYSE Amex advised us that the Company's Preferred Stock will automatically default to the Pink Sheets and be designated a new ticker.
About Vineyard National Bancorp
The Company is a $2.0 billion financial holding company headquartered in Corona, and the parent company of Vineyard Bank, N.A. ("Vineyard"). Vineyard, also headquartered in Corona, operates through 16 full-service banking centers and one regional financial center in the counties of Los Angeles, Marin, Orange, Riverside, San Bernardino, San Diego, and Ventura, Calif. The Company's common stock is traded on the NASDAQ Global Select Market under the symbol "VNBC." For additional information on the Company visit www.vnbcstock.com or for additional information on Vineyard and to access internet banking, please visit www.vineyardbank.com.
Large california bank becomes delisted and trades as a pinksheet stock.
Company Release - 04/22/2009 09:00
CORONA, CA -- (MARKET WIRE) -- 04/22/09 -- Vineyard National Bancorp (NASDAQ: VNBC) (NYSE Amex: VXC.PR.D) (the "Company") announced today that on April 16, 2009, the Company received a NASDAQ Staff Determination letter notifying the Company that its failure to pay its annual listing fee constitutes a failure to satisfy the filing requirement for continued listing under NASDAQ Marketplace Rule 5210(d) and, therefore, trading in the Company's common stock will be suspended at the opening of business on April 27, 2009 and a Form 25-NSE will be filed with the Securities and Exchange Commission (the "SEC") which will remove the Company's common stock from listing and registration on The NASDAQ Stock Market. The letter from NASDAQ advised us that the Company's common stock will not be immediately eligible to trade on the OTC Bulletin Board or in the "Pink Sheets."
On April 17, 2009, the Company also received correspondence from NYSE Amex LLC advising the Company that because the Company did not file an appeal regarding the delisting notice received on April 9, 2009, trading in the Company's 7.5% Series D Noncumulative Preferred Stock ("Preferred Stock") will be suspended at the opening of business on April 22, 2009. The correspondence from NYSE Amex advised us that the Company's Preferred Stock will automatically default to the Pink Sheets and be designated a new ticker.
About Vineyard National Bancorp
The Company is a $2.0 billion financial holding company headquartered in Corona, and the parent company of Vineyard Bank, N.A. ("Vineyard"). Vineyard, also headquartered in Corona, operates through 16 full-service banking centers and one regional financial center in the counties of Los Angeles, Marin, Orange, Riverside, San Bernardino, San Diego, and Ventura, Calif. The Company's common stock is traded on the NASDAQ Global Select Market under the symbol "VNBC." For additional information on the Company visit www.vnbcstock.com or for additional information on Vineyard and to access internet banking, please visit www.vineyardbank.com.
My post are opinions only - Please do your own due diligence before investing.
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