CU BANCORP RINGS THE NASDAQ STOCK MARKET OPENING BELL
I am very pleased to report that on October 9, 2012 the common stock of CU Bancorp, the holding company for California United Bank, began to trade on the Nasdaq Capital Market. There has been no change in our ticker symbol, which continues to be "CUNB".
Our listing on Nasdaq is a significant milestone in the growth and maturity of our company and is expected to provide many benefits. These benefits include:
- Greater visibility and awareness of our stock within the investment community
- Additional credibility from meeting and complying with The NASDAQ Stock Market, LLC stringent listing requirements
- A more efficient trading market, which may provide increased liquidity
- A larger universe of institutional investors (mutual funds, pension funds, hedge funds, etc.) can now invest in our stock
We recently had the honor of ringing the opening bell at the Nasdaq Market Site and you can see photographs of the ceremony on our website at www.cunb.com.
This has been an exciting year so far for the Company. Not only did we form a bank holding company for California United Bank, we recently completed our acquisition of Premier Commercial Bancorp and its subsidiary Premier Commercial Bank, N.A. resulting in a company with over $1.0 billion in assets - a key milestone for any financial company.
We feel very good about what we have accomplished in the seven years since founding the company. We have built a strong reputation as a trusted and secure financial partner for small- and middle-market companies and entrepreneurs in Southern California and we are optimistic that our best days are ahead of us. I look forward to providing you with additional updates on the future progress of our franchise.
Chairman, President, and Chief Executive Officer