Comstock Bank has announced plans to form a holding company called Comstock Bancorp.

Under a proposed restructuring, shareholders of Comstock Bank would receive two shares of the new holding company for each of their current shares. The holding company would continue trading under the Nasdaq symbol LODE.

The restructuring is still subject to the approval of a majority of outstanding shares. Comstock Bank shareholders of record on April 7 are scheduled to vote on the restructuring at the company's May 28 meeting.

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