NYSE Regulation, Inc. announced that trading of the common stock of PFF Bancorp, Inc., ticker symbol PFB, on the New York Stock Exchange will be suspended prior to the opening on Monday, July 28, 2008. PFF Bancorp, Inc. has advised the NYSE that it expects the stock to commence trading on the OTC Bulletin Board on the same day.
The Company had previously announced on July 15, 2008, that it had determined to move the trading of its common stock to the OTC Bulletin Board, in anticipation of the likelihood that it would not meet, in the near-term, the NYSE listing standard regarding total market value.
As anticipated, the Company has now fallen below the NYSE continued listing standard regarding average global aggregate market value of its stock over a consecutive 30 trading day period of not less than $25 million, which is viewed as a minimum threshold for continued listing.
The Company’s application to the U.S. Securities and Exchange Commission to delist the issue from the NYSE is pending the completion of applicable procedures. 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. -- www.nyse.com
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