Sarbanes-Oxley Delist-a-thon

Friday, February 29, 2008
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Two heartland banks are delisting to become private companies in order to ditch the burdens of compliance, namely Sarbanes-Oxley (SOX). Northeast Indiana Bancorp announced that it plans to delist from Nasdaq. Additionally, Peoples Bancorp also voted to delist because “It is becoming increasingly expensive to be a listed company and be filing with the SEC,

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