One Valley Bancorp said it has been approved to list its shares with the New York Stock Exchange.

"One Valley's listing on the New York Stock Exchange is a significant event that we believe will provide greater liquidity, reduced volatility, tighter quotation spreads, and a larger market for our shareholders," said J. Holmes Morrison, the bank's president and chief executive officer.

The bank said it expects its shares to begin trading on the New York Exchange in late May.

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