State Bank & Trust to trade on NASDAQ
Shares in the parent of State Bank & Trust Co. will be listed starting Thursday on the NASDAQ stock exchange, the company said Wednesday.
Atlanta-based State Bank Financial Corp.’s stock will be listed under the ticker symbol “STBZ.”
“This marks a major milestone in the brief history of State Bank Financial Corporation,” company Chairman and CEO Joe Evans said in a news release.
Evans and investors acquired State Bank in 2009 and used it as a vehicle to acquire the six-bank subsidiaries of the failed Security Bank Corp. of Macon. The company has since acquired four other failed Georgia lenders, growing in the process to $2.83 billion in assets as of the end of 2010, according to the company.
About the Author
J. Scott Trubey is the senior editor over business, climate and environment coverage at The Atlanta Journal-Constitution. He previously served as a business reporter for the AJC covering banking, real estate and economic development. He joined the AJC in 2010.
