POMPANO BEACH, FL--(Marketwired - May 27, 2014) - Stonegate Bank, a Florida-chartered commercial bank headquartered in Pompano Beach, Florida ("Stonegate"), announced today that its NASDAQ listing application was approved. Stonegate expects that its common stock will commence trading tomorrow, Wednesday, May 28, 2014, on The NASDAQ Global Select Market under the symbol "SGBK." The NASDAQ Global Select Market is NASDAQ's top-tier trading platform, designed for public companies that meet the highest quantitative and qualitative listing standards.
"We are excited to be joining some of the most prestigious publicly held companies on NASDAQ's top-tier market," commented David Seleski, Stonegate's President and Chief Executive Officer. "We believe our listing on NASDAQ is a significant milestone for Stonegate and should provide additional value and liquidity to our shareholders as we continue to seek out new opportunities for growth."
About Stonegate
Stonegate is a full-service commercial bank, providing a wide range of business and consumer financial products and services through its 14 banking offices in its target marketplace of South and West Florida, which is comprised primarily of Broward, Charlotte, Collier, Hillsborough, Lee, Miami-Dade, Palm Beach and Sarasota Counties in Florida. Stonegate's principal executive office and mailing address is 400 North Federal Highway, Pompano Beach, Florida 33062 and its telephone number is (954) 315-5500.
Forward-Looking Statements
Any non-historical statements in this press release are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are based on current plans and expectations that are subject to uncertainties and risks, which could cause our future results to differ materially. The following factors, among others, could cause our actual results to differ: the strength of the United States economy in general and the strength of the local economies in which we conduct operations; our need and ability to incur additional debt or equity financing; our ability to execute our growth strategy through expansion; our ability to comply with the extensive laws and regulations to which we are subject, including the Nasdaq Stock Market, LLC listing rules and other laws, rules and regulations applicable to public reporting companies; changes in the securities and capital markets; and our ability to manage the risks involved in the foregoing. Additional factors can be found in our filings with the FDIC, which are available at the FDIC's internet site (http://www2.fdic.gov/efr). Forward-looking statements in this press release speak only as of the date of the press release and Stonegate assumes no obligation to update any forward-looking statements or the reasons why actual results could differ.