Going Private

October 01, 2008, 1:00 a.m. EDT 1 Min Read

Paris, IL-based First BancTrust filed a notice with NASDAQ on October 10 that it will “voluntarily withdraw its common shares, par value $0.01 per shares, from listing” on the NASDAQ Capital Market on or around October 22. The move is part of First BancTrust’s previously announced plan to go private, pending a stockholder vote on October 21. It will join the OTC and pinksheet world soon after delisting. The bank had total assets of $342.6 million at the end of the second quarter.

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