Claremont Insider: PFF Bancorp Now Traded OTC

Wednesday, July 30, 2008

PFF Bancorp Now Traded OTC

As of last Friday's close of the New York Stock Exchange, PFF Bancorp is no longer traded on the NYSE.

Shares of PFF, formerly listed as PFB on the NYSE, is now traded on the Over the Counter Bulletin Board, as the Riverside Press-Enterprise reported. PFF will now trade on the OTCBB under the symbol PFFB.

According to the PE article, the move to the OTCBB has no effect on PFF's sale to FBOC Corp., the Illinois-based banking company that is attempting to take over the troubled local bank. FBOC also owns Cal National Bank, whose operations will merge with PFF's.

PFF Bancorp has a redesigned website
trumpeting the sale to FBOC with the slogan, "the Best is yet to come..." We can only hope.

PFF's stock price has tumbled precipitously in the couple years, from a high near $40 a share to $1.05 as of Friday's NYSE close. So, just in case, apparently to inspire depositor confidence, the new PFF site also has a link to "A Comprehensive Guide to FDIC Insurance."

At least a lucky few were fortunate enough to escape the wreckage with their own, special insurance.