James River Coal (JRCC)
The struggling coal company said it received a notice from the Nasdaq Stock Market for falling out of compliance after its share price closed below the required minimum $1 per share for 30 consecutive business days. The Company has 180 days to regain compliance by having its stock close above $1 for at least 10 consecutive days. Its stock could be delisted should it not hit that mark.
Nasdaq also said the company was out of compliance for missing the deadline to file its 2013 annual report. The company has said it delayed its annual report as it considers “strategic alternatives” that could include selling all or parts of the company.
Eastern Virginia Bankshares (EVBS)
The holding company of EVB said it was released from a memorandum of understanding with state and federal regulators. The agreement set out steps for the bank to adhere to as it worked to improve its financial state. The termination was effective as of March 13, 2014.
The company said director Howard R. Straughan Jr., 84, retired from the board effective immediately. The decision was due to health reasons.
Village Bank & Trust Financial (VBFC)
Chief Credit Officer James Hendricks Jr. acquired 12,904 shares at $1.55 per share for a total value of $20,000.
James River Coal (JRCC)
The struggling coal company said it received a notice from the Nasdaq Stock Market for falling out of compliance after its share price closed below the required minimum $1 per share for 30 consecutive business days. The Company has 180 days to regain compliance by having its stock close above $1 for at least 10 consecutive days. Its stock could be delisted should it not hit that mark.
Nasdaq also said the company was out of compliance for missing the deadline to file its 2013 annual report. The company has said it delayed its annual report as it considers “strategic alternatives” that could include selling all or parts of the company.
Eastern Virginia Bankshares (EVBS)
The holding company of EVB said it was released from a memorandum of understanding with state and federal regulators. The agreement set out steps for the bank to adhere to as it worked to improve its financial state. The termination was effective as of March 13, 2014.
The company said director Howard R. Straughan Jr., 84, retired from the board effective immediately. The decision was due to health reasons.
Village Bank & Trust Financial (VBFC)
Chief Credit Officer James Hendricks Jr. acquired 12,904 shares at $1.55 per share for a total value of $20,000.