Flagstar Receives Notification from NYSE about Non-Compliance with a Continued Listing Standard
Flagstar Bancorp, Inc. (NYSE: FBC) announced that, on August 18, 2011, the New York Stock Exchange provided notice to the Company that it did not satisfy one of the NYSE's standards for continued listing applicable to the Company's common stock. The NYSE noted specifically that the Company was "below criteria" for the NYSE's price criteria for common stock because the average closing price of the Company's common stock was less than $1.00 per share over a consecutive 30-trading-day period.
© 2016 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.