State Bank Financial Corp. in Atlanta said late Wednesday that it received approval to start trading on the Nasdaq Capital Market.

The $2.8 billion-asset company has acquired eight failed banks since 2009. It began trading Thursday under the symbol STBZ.

"Our listing … is a significant step that will allow us to enhance the long-term value of" the company, Joe Evans, State Bank's chairman and chief executive, said in a press release.

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