CU Bancorp (OTCBB: CUNB), the holding company for California United Bank, today announced that its application to list the Company’s common stock on the NASDAQ Capital Market has been approved by The NASDAQ Stock Market LLC. Trading on NASDAQ is expected to begin with the opening of trading on October 9, 2012 under the ticker symbol “CUNB.”
David I. Rainer, Chairman, President and Chief Executive Officer of CU Bancorp and its subsidiary California United Bank, commented, “Listing on the NASDAQ represents a significant milestone for the Company in enhancing shareholder value. We believe moving our common stock listing to NASDAQ will increase our visibility in the marketplace, resulting in a larger universe of potential investors for the Company and greater liquidity and efficiency in our stock trading. This comes at an exciting time for CU Bancorp as we have recently completed our acquisition and integration of Premier Commercial Bancorp and its subsidiary Premier Commercial Bank, N.A.”
In honor of the transition to NASDAQ, Mr. Rainer, his management team and Board of Directors will ring the opening bell at The NASDAQ Stock Market in Times Square in New York City on Wednesday, October 10, 2012.