Frontier Financial Corporation Receives NASDAQ Notice of Compliance Listing
15 December 2009 - 12:19PM
Marketwired
On December 11, 2009, Frontier Financial Corporation (NASDAQ: FTBK)
received notice from the NASDAQ Stock Market stating that Frontier
has regained compliance with Marketplace Rule 5450(a)(1).
As previously announced on September 22, 2009, Frontier was not
in compliance with the NASDAQ listing requirement because the
minimum bid price of Frontier's common stock was below $1.00 per
share for 30 consecutive business days. Frontier declared a
one-for-ten reverse stock split effective November 24, 2009.
About Frontier
Frontier Financial Corporation is a Washington-based financial
holding company, providing financial services through its
commercial bank subsidiary, Frontier Bank, since 1978. Frontier
Bank offers a wide range of banking and financial services to
businesses and individuals in its market area, including trust,
cash management, and investment and insurance products. Frontier
operates 48 offices in Clallam, Jefferson, King, Kitsap, Pierce,
Skagit, Snohomish, Thurston, Whatcom counties in Washington and 3
offices in Oregon. Additional information regarding Frontier Bank
and its services can be found at the bank's website:
www.frontierbank.com.
This press release includes forward-looking statements and
Frontier Financial Corporation intends for such statements to be
covered by the safe harbor provisions of the Private Securities
Litigation Reform Act of 1995. These forward-looking statements
describe Frontier Financial Corporation's expectations regarding
future events, including the Company's ability to attain compliance
with certain NASDAQ rules. Future events are difficult to predict
and are subject to risk and uncertainty which could cause actual
results to differ materially and adversely. Additional information
regarding risks and uncertainties is included in Frontier Financial
Corporation's periodic filings on Forms 10-K and 10-Q with the
Securities and Exchange Commission. Frontier Financial Corporation
undertakes no obligation to revise or amend any forward-looking
statements to reflect subsequent events or circumstances.
Patrick M. Fahey Chairman and CEO Frontier Financial Corporation
425-514-0700 Carol E. Wheeler CFO Frontier Financial Corporation
425-514-0700
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