Eagle Financial Bancorp, Inc. Announces Voluntary NASDAQ Delisting
09 Dicembre 2019 - 10:12PM
Business Wire
Eagle Financial Bancorp, Inc. (the “Company”) (Nasdaq: EFBI),
the holding company for Eagle Savings Bank, today announced its
decision to voluntarily delist its common stock from the NASDAQ
Stock Market (“NASDAQ”). The Company has notified NASDAQ of its
intent to voluntarily delist. The Company intends to file a Form 25
(Notification of Removal from Listing) with the Securities and
Exchange Commission (“SEC”) on or about December 20, 2019. The
Company expects the last trading day of its shares of common stock
on NASDAQ will be on or about December 20, 2019. The Company’s
common stock will continue to be registered under the Securities
and Exchange Act of 1934, and the Company’s obligation to file
reports with the SEC, including Forms 10-K, 10-Q and 8-K, will
continue. Following NASDAQ delisting, the Company expects its
shares will be quoted on the OTCQB Marketplace under the symbol
“EFBI” beginning on or about December 23, 2019.
The Company’s Board of Directors authorized the delisting after
concluding that the significant cost of listing on NASDAQ
outweighed the current benefits of NASDAQ listing. The Board of
Directors believes that the expense reduction of delisting will
benefit the Company and its stockholders and serve to enhance the
long-term value of the Company.
About Eagle Savings Bank
Eagle Savings Bank, an Ohio chartered savings association
headquartered in Cincinnati, Ohio, was originally chartered in
1882. At September 30, 2019 Eagle Financial Bancorp, Inc., our
holding company, had $142.3 million of total assets, $111.7 million
of total deposits and $27.9 million of total stockholders’ equity.
We provide financial services primarily to individuals, families
and businesses through our main office and two branch offices
located in Hamilton County, Ohio.
Forward-looking statements
This news release may contain certain forward-looking
statements, such as statements of the Company’s plans, objectives,
expectations, estimates and intentions. Forward-looking statements
may be identified by the use of words such as “expects,” “subject,”
“believe,” “will,” “intends,” “will be” or “would.” These
statements are subject to change based on various important factors
(some of which are beyond the Company’s control) and actual results
may differ materially. Accordingly, readers should not place undue
reliance on any forward-looking statements (which reflect
management’s analysis of factors only as of the date of which they
are given). These factors include general economic conditions,
trends in interest rates, the ability of our borrowers to repay
their loans, the ability of the Company to effectively manage its
growth, and results of regulatory examinations, among other
factors. The foregoing list of important factors is not
exclusive.
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version on businesswire.com: https://www.businesswire.com/news/home/20191209005777/en/
Gary J. Koester President and CEO (513) 574-0700
gkoester@eaglesavings.com
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