SVB Financial Group Is Compliant With Nasdaq's Continued Listing Requirements; Nasdaq to Remove 'E' From Company Ticker Symbols on January 12, 2006
Company news | 11. Januar 2006
SVB Financial Group Is Compliant With Nasdaq's Continued Listing Requirements Nasdaq to Remove 'E' From Company Ticker Symbols on January 12, 2006SANTA CLARA, Calif., Jan 11, 2006 /PRNewswire-FirstCall via COMTEX News Network/ -- SVB Financial Group (Nasdaq: SIVBE) today announced that the Nasdaq Listing Qualifications Panel has determined that the company has evidenced compliance with all Nasdaq Marketplace Rules and that the company's securities will continue to be listed on The Nasdaq National Market. The company has been informed by Nasdaq that the fifth character "E" will be removed from the symbols denoting the company's common stock (SIVB) and its 7% cumulative trust preferred securities (SIVO) at the opening of trading on Thursday, January 12, 2006.
Nasdaq's decision follows SVB Financial Group's completion and subsequent filing, on December 30, 2005, of its amended Annual Report on Form 10-K/A for the year 2004, its amended Quarterly Report on Form 10-Q/A for the quarter ended March 31, 2005, and its Quarterly Reports on Form 10-Q for the quarters ended June 30, 2005 and September 30, 2005.
About SVB Financial Group
For more than twenty years, SVB Financial Group, formerly Silicon Valley Bancshares, has been dedicated to helping entrepreneurs succeed. SVB Financial Group is a financial holding company that serves emerging growth and mature companies in the technology, life science, private equity and premium wine industries. Headquartered in Santa Clara, Calif., SVB Financial Group provides clients with commercial, investment, international and private banking services. The company also offers funds management, broker-dealer transactions, asset management and a full range of services for private equity companies, as well as the added value of its knowledge and networks worldwide. More information on the company can be found at www.svb.com.
SOURCE SVB Financial Group
investors, Lisa Bertolet, +1-408-654-7282, or media, Meghan O'Leary, +1-408-654-6364, both of SVB Financial Group
Nasdaq's decision follows SVB Financial Group's completion and subsequent filing, on December 30, 2005, of its amended Annual Report on Form 10-K/A for the year 2004, its amended Quarterly Report on Form 10-Q/A for the quarter ended March 31, 2005, and its Quarterly Reports on Form 10-Q for the quarters ended June 30, 2005 and September 30, 2005.
About SVB Financial Group
For more than twenty years, SVB Financial Group, formerly Silicon Valley Bancshares, has been dedicated to helping entrepreneurs succeed. SVB Financial Group is a financial holding company that serves emerging growth and mature companies in the technology, life science, private equity and premium wine industries. Headquartered in Santa Clara, Calif., SVB Financial Group provides clients with commercial, investment, international and private banking services. The company also offers funds management, broker-dealer transactions, asset management and a full range of services for private equity companies, as well as the added value of its knowledge and networks worldwide. More information on the company can be found at www.svb.com.
SOURCE SVB Financial Group
investors, Lisa Bertolet, +1-408-654-7282, or media, Meghan O'Leary, +1-408-654-6364, both of SVB Financial Group