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California United Bank Listed on NASDAQ

The holding company of California United Bank will begin trading on the NASDAQ Capital Market starting Oct. 9. The Encino-based bank currently trades on the Over the Counter Bulletin Board but the move to the NASDAQ will increase visibility in the marketplace, executives said. “Listing on the NASDAQ represents a significant milestone for the company in enhancing shareholder value…and resulting in a larger universe of potential investors and greater liquidity and efficiency in our stock trading,” said California United Chairman, President and CEO David Rainer in a prepared statement. California United has eight branches in Los Angeles and Orange counties and a loan production office in Irvine. Shares in California United closed up at $11.90. Mark R. Madler

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