Stonegate Bank intends to list on Nasdaq

 

icordle@MiamiHerald.com

Stonegate Bank, whose shares now trade on the Bulletin Board, said Monday that it plans to apply to trade its shares on the NASDAQ stock market. As a first step, the Pompano Beach-based bank has filed a registration statement on Form 10 with the Federal Deposit Insurance Corp. to register its shares of common stock at $5 per share.

The Bank said it is preparing to file an application to list on NASDAQ, and if approved, the it expects its shares of common stock will begin trading on NASDAQ in late May.

Stonegate has 17 banking offices in Broward, Charlotte, Collier, Hillsborough, Lee, Miami-Dade, Palm Beach and Sarasota counties.

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