NAPLES, Fla. —Two years after its public offering, a small Naples, Fla., banking company is going private.

Marine Bancshares, with $54 million of assets, said Tuesday that its stock is too thinly traded to justify the cost of being a public company. Marine has only 144 shareholders, almost all of them local, according to chairman and chief executive officer Pierce T. Neese.

The conversion is expected to occur in the second quarter.

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