Liberty Bell Bank (Nasdaq:LBBB) (the �Bank�) announced today that it has notified the Nasdaq Stock Market�LLC (�Nasdaq�) of its intent to voluntarily delist its common stock from the Nasdaq Capital Market. The Bank currently anticipates that it will file with the Federal Deposit Insurance Corporation and Nasdaq a Form�25 relating to the delisting of its common stock on or about December�19, 2008, with the delisting of its common stock becoming effective ten days thereafter. Accordingly, the Bank anticipates that the last day of trading of its common stock on the Nasdaq Capital Markets will be on or about December�31, 2008. The Bank has discussed with the market makers for its common stock having its common stock quoted on the OTC Bulletin Board effective January 2, 2009, but no arrangements have yet been made in that regard. The Bank�s common stock was quoted on the OTC Bulletin Board from its formation in 2003 until the completion of its secondary common stock offering and listing on Nasdaq in April 2005. The decision to voluntarily delist its common stock is a cost savings step that will eliminate expenses associated with Nasdaq listing fees. Given the light trading volume of its common stock, the Bank believes that investors will be more than adequately served by other alternatives such as the OTC Bulletin Board or the Pink Sheets. The Bank also expects that, going forward, the delisting of its common stock will provide it with greater corporate flexibility and will allow it to deploy more resources to its core business operations. The Bank is in compliance with all applicable Nasdaq continued listing standards has not received any notice from Nasdaq to the contrary. About Liberty Bell Bank Liberty Bell Bank is a New Jersey chartered commercial bank that maintains offices in Cherry Hill, Moorestown, and Marlton, New Jersey. Its financial condition and results of operations at and for the three and nine month periods ended September 30, 2008 are set forth in its Form�10-Q filed on November 14, 2008 with the FDIC. Cautionary Notice Regarding Forward-Looking Statements Some discussions in this press release may contain forward-looking statements within the meaning of The Private Securities Litigation Reform Act of 1995. We caution the reader to be aware of the speculative nature of �forward-looking statements.� Statements that are not historical in nature, including the words �anticipate,� �estimate,� �should,� �expect,� �believe,� �intend,� �look forward,� �project� and similar expressions, are intended to identify forward-looking statements. Although these statements reflect management of the Bank's good faith belief based on current expectations, estimates and projections about (among other things) the banking industry and the markets in which the Bank operates, they are not guarantees of future performance. No undue reliance should be placed on any forward-looking statements. Whether actual results will conform to our expectations and predictions is subject to a number of known and unknown risks and uncertainties, including but not limited to the risks that the Bank will not realize the anticipated corporate flexibility or recognize any cost savings as a result of delisting, the possibility that no alternative arrangements can be made for quotation of the Bank�s common stock, which may decrease liquidity and market value, the risk that the act of delisting, while voluntary, may be negatively perceived in the marketplace and other risks described in the Bank�s filings with the Federal Deposit Insurance Corporation, including its Form�10-K for the year ended December�31, 2007 and Form�10-Q for the period ended September�30, 2008. The statements in this press release are made as of the date of this press release, even if subsequently made available by the Bank on its website or otherwise. The Bank does not undertake any obligation to update or revise these statements to reflect events or circumstances occurring after the date of this press release.
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