A California community bank is hoping an unusually large reverse stock split will pull its price out of the basement and boost its visibility to investors.

In a rare move for banks, Sacramento-based First Commercial Bancorp completed a 1-for-125 reverse stock split Dec. 9. The action reduces the bank's outstanding shares from a whopping 105 million to 850,000, more typical for community banks of its size.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.