| HeraldNet - Snohomish County's online news source |
 TUESDAY, FEBRUARY 9, 2010 7:59 pm |
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Business 
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Frontier adopts reverse stock split Frontier Financial Corporation approved a one-for-ten reverse stock split Wednesday, a move that will allow the Everett-based company to continue trading on the NASDAQ stock exchange.The holding company of Frontier Bank adopted the last-resort measure after NASDAQ officials sent a warning letter saying the company's shares registered below $1 for 30 consecutive business days. Those low prices mean the bank is out of compliance with the exchange's minimum share price. Early October was the last time Frontier's stock traded above $1. The reverse stock split means every ten shares of Frontier stock is now combined to one share. The decision reduces the bank's common stock from approximately 47 million shares to 4.7 million shares, according to a statement from the bank. The split will be effective at 5 p.m. today, Frontier officials said. |
- A revolutionary 747
- Fire breaks out at Everett car dealer
- Everett rethinks boutique wineries
- A tidy lawn could be law in Lynnwood
- Snohomish County's bargain housing won't last
- Boeing's 747-8 takes off after weather delay
- Plan for I-5 closures this week
- A new bowling alley for Monroe?
- Lake Stevens man homeless after fire
- I-5 bridge joint may give you a jolt, but it isn't damaged
- Vote on school levies by Tuesday
(11) - A tidy lawn could be law in Lynnwood (10)
- State Senate votes to toss I-960's tax-raising hurdle (7)
- Lynnwood sets height limit on grass: 8 inches (6)
- Everett rethinks boutique wineries (5)
- Everett police officers cleared in 2008 shooting death (5)
- 1949 travel aid shows how few places blacks were welcome in Washington (4)
- I-5 bridge joint may give you a jolt, but it isn't damaged (4)
- A new bowling alley for Monroe? (3)
- Three politicians who want Gregoire's job in 2012 (3)
- Edmonds educator, famous announcer dies
- Mill Creek to appeal ruling on annexation
- Through the air, with the greatest of ease
- E-W thriving under new coach
- The path to citizenship
- EUUC puts on ‘Pants & Shoes’
- Wolfpack wins the ‘Battle'
- Lynnwood’s annexation plans OK’d
- Arlington's Cascade Valley Hospital celebrates expansion, national award and 100 years of service
- Business Licences Feb. 2010
- Technology tips for launching your own business
- Business Events Feb. 2010
- Tech Talk: No excuse today for going without a Web site
- State already raising fees and rates that restrict business growth
- Some legislators again targeting people’s initiative petition rights
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