Mississippi View Holding Co., Little Falls, Minn., announced it will delist its stock from the Nasdaq SmallCap market Monday and trade its shares over the counter.

Thomas J. Leiferman, president of the $68.6 million-asset holding company for Community Federal Savings and Loan Association, said in a statement that the cost of the Nasdaq listing was too high.

Mississippi View paid $4,000 a year for the listing and would have incurred further expenses to split its stock, a step required to remain on the SmallCap market, he said.

In addition, Mississippi View's average trading volume last year was just 1,109 shares per day, almost half of which was attributed to the company's stock repurchase program.

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