Business Services Industry
NYSE suspends Imperial Capital Stock: Imperial Capital Bancorp
San Diego Business Journal, Jan 5, 2009 by Mike Allen
NYSE Suspends Imperial Capital Stock: Imperial Capital Bancorp said in a securities filing that the New York Stock Exchange suspended trading of its common stock Dec. 29 because the market capitalization failed
to break NYSE's threshold of $25 million.
The stock moved from Nasdaq to the Big Board to much fanfare about two years ago, but, like practically every company in financial services, took major hits in 2008. In February, shares reached a 52-week high of nearly $28, but have since dwindled down to below $3. As of Dec. 30, shares were going for $2.44, giving it a market cap of $12.2 million.
In positive news, Fitch Ratings raised the bank's ratings as a primary and special servicer of commercial loans.
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Send any finance news to Mike Allen via e-mail at mallen@sdbj.com. He can be reached at 858-277-6359.
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