UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): October 5, 2012
CU BANCORP
(Exact name of registrant as specified in its charter)
California | 001-35683 | 90-0779788 | ||
(State or other jurisdiction of incorporation) |
Commission File Number |
(I.R.S. Employer Identification No.) | ||
15821 Ventura Boulevard, Suite 100-Encino, CA |
91436 | |||
(Address of principal executive offices) | (Zip Code) |
Registrants telephone number, including area code: (818) 257-7700
(Former name or former address, if change since last report)
Check the appropriate box below if the Form 8-K filing is to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
¨ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
¨ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
¨ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
¨ | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Item 7.01 | Regulation FD Disclosure |
On October 5, 2012, CU Bancorp (the Company) issued a press release announcing that its application to list the Companys common stock on the NASDAQ Capital Market has been approved by The NASDAQ Stock Market LLC. Trading on the NASDAQ is expected to commence on October 9, 2012 under the ticker symbol CUNB. The information in this report (including Exhibit 99.1) shall not be deemed to be filed for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the Exchange Act), or otherwise subject to the liability of that section, and shall not be incorporated by reference into any registration statement or other documents filed under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.
As discussed therein, the press release furnished as Exhibit 99.1 to this Current Report on Form 8-K contains forward-looking statements within the meaning of Section 27A of the Securities Act and Section 21E of the Exchange Act and, as such, may involve known and unknown risks, uncertainties and assumptions. These forward-looking statements relate to the Companys current expectations and are subject to the limitations and qualifications set forth in the presentation as well as in the Companys other documents filed with the Securities and Exchange Commission, including, without limitation, that actual events and/or results may differ materially from those projected in such forward-looking statements.
Item 8.01. | Other Events |
On October 5, 2012, the Company issued a press release announcing that its application to list the Companys common stock on the NASDAQ Capital Market has been approved by The NASDAQ Stock Market LLC. Trading on the NASDAQ is expected to commence on October 9, 2012 under the ticker symbol CUNB.
Item 9.01 | Financial Statements and Exhibits |
(d) Exhibits
Exhibit 99.1
Copy of Press Release dated October 5, 2012 of CU Bancorp.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
CU BANCORP | ||||
Dated: October 5, 2012 |
By: | /s/ Anita Y. Wolman | ||
| ||||
Anita Y. Wolman | ||||
Executive Vice President and General Counsel |
EXHIBIT INDEX
Exhibit No. |
Description | |
99.1 | Copy of Press Release dated October 5, 2012 of CU Bancorp. |
Exhibit 99.1
CU Bancorp Announces NASDAQ Capital Market Listing
ENCINO, Calif. October 5, 2012 CU Bancorp (OTCBB: CUNB), the holding company for California United Bank, today announced that its application to list the Companys common stock on the NASDAQ Capital Market has been approved by The NASDAQ Stock Market LLC. Trading on NASDAQ is expected to begin with the opening of trading on October 9, 2012 under the ticker symbol CUNB.
David I. Rainer, Chairman, President and Chief Executive Officer of CU Bancorp and its subsidiary California United Bank, commented, Listing on the NASDAQ represents a significant milestone for the Company in enhancing shareholder value. We believe moving our common stock listing to NASDAQ will increase our visibility in the marketplace, resulting in a larger universe of potential investors for the Company and greater liquidity and efficiency in our stock trading. This comes at an exciting time for CU Bancorp as we have recently completed our acquisition and integration of Premier Commercial Bancorp and its subsidiary Premier Commercial Bank, N.A.
In honor of the transition to NASDAQ, Mr. Rainer, his management team and Board of Directors will ring the opening bell at The NASDAQ Stock Market in Times Square in New York City on Wednesday, October 10, 2012.
About CU Bancorp and California United Bank
CU Bancorp is the holding company for California United Bank, a California state-chartered bank serving Southern California. To view investor and financial information relative to CU Bancorp please visit www.cubancorp.com.
California United Bank, which recently celebrated the seventh anniversary of its opening, provides a full range of financial services, including credit and deposit products, cash management, and internet banking for businesses, non-profits, entrepreneurs, professionals and high net worth individuals throughout Southern California from full service offices in the San Fernando Valley, the Santa Clarita Valley, the Conejo Valley, Simi Valley, Los Angeles, South Bay, and Orange County. Please visit the Banks website at www.cunb.com for information on products and services or call (818) 257-7700.
Forward-Looking Statements
This news release contains forward-looking statements about CU Bancorp and California United Bank (collectively referred to as the Company), for which the Company claims the protection of the safe harbor provisions contained in the Private Securities Litigation Reform Act of 1995. Forward-looking statements are based on managements knowledge and belief as of today and include information concerning the Companys possible or assumed future financial condition, and its results of operations, business and earnings outlook. These forward-looking statements are subject to risks and uncertainties. A number of factors, some of which are beyond the Companys ability to control or predict, could cause future results to differ materially from those contemplated by such forward-looking statements.
Forward-looking statements speak only as of the date they are made, and the Company does not undertake to update forward-looking statements to reflect circumstances or events that occur after the date the statements are made, or to update earnings guidance, including the factors that influence earnings.
For a more complete discussion of these risks and uncertainties, see California United Banks Quarterly Report on Form 10-Q for the quarter ended June 30, 2012, and its Annual Report on Form 10-K for the year ended December 31, 2011, particularly Part I, Item 1A, titled Risk Factors.
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Contact
Financial Profiles, Inc.
Tricia Ross
916.939.7285
tross@finprofiles.com