Northern Empire Bancshares (NASDAQ:NREB)
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Northern Empire Bancshares Common Stock Begins Trading on the
NASDAQ National Market
SANTA ROSA, Calif., May 19 /PRNewswire-FirstCall/ -- Northern Empire
Bancshares (parent of Sonoma National Bank, its only operating subsidiary)
announced today its common stock will begin trading on the NASDAQ National
Market on Friday, May 20, 2005. Northern Empire Bancshares currently trades on
the Over the Counter Bulletin Board under the symbol "NREB" and will retain
that symbol on NASDAQ. NASDAQ is the largest U.S. electronic stock market.
Deborah A. Meekins, CEO and President stated, "In a year that marks Sonoma
National Bank's 20th anniversary, we are also very excited to have NREB listed
on the NASDAQ National Market. We have worked very hard building a strong and
profitable financial institution on behalf of our shareholders and the
communities we serve. We have now reached the size where listing NREB shares
on the NASDAQ National Market makes sense for us and our shareholders. Our
NASDAQ National Market listing will allow us to bring increased liquidity to
our shareholders, and greater visibility among institutional investors."
Ms. Meekins went on to say, "We are grateful to our principal market makers who
have been active in our stock in years past on the OTCBB, and who intend to
continue with us as we move to the NASDAQ. Those market makers include:
Hoefer & Arnett, 800-346-5544 and Brookstreet Securities Corporation,
800-268-2578."
Northern Empire Bancshares is a financial holding company that conducts its
business through its wholly-owned subsidiary, Sonoma National Bank, both of
which are headquartered in Santa Rosa, California. The Bank has over $1.1
billion in assets, $94 million in shareholders equity, and has grown profits
and assets every year for the past 19 years. The Bank serves its customers
through 10 bank branch offices in 3 Bay Area counties, and 5 Loan Production
Offices in California and Arizona.
SAFE HARBOR: Except for historical information contained herein, the
statements contained in this press release are forward-looking statements
within the meaning of the "safe harbor" provisions of Section 27A of the
Securities Act of 1933, as amended, and Section 21E of the Securities Exchange
Act of 1934, as amended. These forward-looking statements are subject to risks
and uncertainties. Actual results may differ materially from those set forth in
or implied by forward-looking statements. These risks are described from time
to time in Northern Empire Bancshares Securities and Exchange Commission
filings, including its Annual Reports on Form 10-K and quarterly reports on
Form 10-Q. While the Company intends to trade on NASDAQ, there are no
assurances of the effect, if any, that listing with NASDAQ may have upon
trading in the Company's shares. Northern Empire Bancshares disclaims any
intent or obligation to update these forward-looking statements.
DATASOURCE: Northern Empire Bancshares
CONTACT: Debbie Meekins, President and CEO of Sonoma National Bank,
+1-707-579-2265
Web site: http://snbank.com/