NYSE To Suspend Trading in Imperial Capital Bancorp, Inc. and Moves to Remove from the List
NEW YORK, December 18, 2008 – NYSE Regulation, Inc. announced today that it determined that the common stock of Imperial Capital Bancorp, Inc. (the "Company") – ticker symbol IMP – should be suspended prior to the opening on Monday, December 29, 2008.
The decision was reached in view of the fact that the Company has fallen below the NYSE’s continued listing standard regarding average global market capitalization over a consecutive 30 trading-day period of not less than $25,000,000, which is viewed as a minimum continued listing threshold.
The Company has a right to a review of this determination by a Committee of the Board of Directors of NYSE Regulation. Application to the U.S. Securities and Exchange Commission to delist the issue is pending the completion of applicable procedures, including any appeal by the Company of NYSE Regulation staff’s decision. The NYSE noted that it may, at any time, suspend a security if it believes that continued dealings in the security on the NYSE are not advisable.
See Section 802.00 of the NYSE Listed Company Manual for continued listing criteria and procedure for delisting