PFF Bancorp to Commence Trading on the OTC Bulletin Board
July 25 2008 - 4:05PM
PR Newswire (US)
RANCHO CUCAMONGA, Calif., July 25 /PRNewswire-FirstCall/ -- PFF
Bancorp, Inc. (NYSE:PFB) ("PFF Bancorp" or the "Company"), the
holding company of PFF Bank & Trust, Glencrest Investment
Advisors, Inc., and Diversified Builder Services, Inc., today
announced that arrangements for the transition of trading of the
Company's common stock from the New York Stock Exchange ("NYSE") to
the over-the-counter market have been completed. Trading on the
NYSE and the Company's trading symbol "PFB" will be discontinued as
of the close of the market on July 25, 2008. Effective Monday, July
28, 2008, the Company's stock will be traded in the
over-the-counter market and quoted on the OTC Bulletin Board under
the symbol "PFFB." The transition to the over-the-counter market
will have no effect on PFF Bancorp's previously announced agreement
to be acquired by FBOP Corporation. Important Additional
Information About the Merger This communication is being made, in
part, in respect of the proposed business combination involving PFF
Bancorp, Inc. and FBOP Corporation. In connection with the proposed
transactions, PFF Bancorp, Inc. has filed with the SEC a
preliminary proxy statement and other documents regarding the
proposed transactions, and plans to file with the SEC a definitive
proxy statement as well as other documents regarding the proposed
transactions. The definitive proxy statement will be mailed to
stockholders of PFF Bancorp, Inc. SECURITY HOLDERS OF PFF BANCORP,
INC. ARE ADVISED TO READ THE PROXY STATEMENT AND OTHER DOCUMENTS
FILED WITH THE SEC CAREFULLY AND IN THEIR ENTIRETY WHEN THEY BECOME
AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT THE
PROPOSED TRANSACTION. Security holders may obtain free copies of
the preliminary proxy statement and other documents filed with the
SEC by PFF Bancorp, Inc., and will be able to obtain free copies of
the definitive proxy statement (when available) and other relevant
documents to be filed with the SEC through the website maintained
by the SEC at http://www.sec.gov/. Free copies of the preliminary
proxy statement (and the definitive proxy statement when available)
and other documents filed with the SEC are also available on the
investor relations portion of PFF Bancorp's website at
http://www.pffbancorp.com/ The Company and its directors and
executive officers and other persons may be deemed to be
participants in the solicitation of proxies in respect of the
proposed transaction. Information regarding the Company's directors
and executive officers is available in its Annual Report on Form
10-K for the year ended March 31, 2008, which was filed with the
SEC on June 19, 2008. Other information regarding the participants
in the proxy solicitation and a description of their direct and
indirect interests, by security holdings or otherwise, are
contained in the preliminary proxy statement and will be contained
in other relevant materials to be filed with the SEC (and will be
contained in the definitive proxy statement and other relevant
materials to be filed with the SEC when they become available).
Forward-Looking Statements Certain matters discussed in this news
release may constitute forward- looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995.
These forward-looking statements may relate to, among other things,
expectations of the business environment in which the Company
operates, projections of future performance, perceived
opportunities in the market and statements regarding the Company's
strategic objectives. These forward-looking statements are based
upon current management expectations and may therefore involve
risks and uncertainties. The Company's actual results or
performance may differ materially from those suggested, expressed,
or implied by forward-looking statements due to a wide range of
factors including, but not limited to, the general business
environment, the California real estate market, competitive
conditions in the business and geographic areas in which the
Company conducts its business, regulatory actions or changes,
actions by lenders and customers, the risk that the merger is not
consummated due to failure to receive regulatory approval,
stockholder approval or due to other events, and other risks
detailed in the Company's reports filed with the Securities and
Exchange Commission, including the Annual Report on Form 10-K for
the fiscal year ended March 31, 2008. The Company disclaims any
obligation to subsequently revise or update any forward- looking
statements to reflect events or circumstances after the date of
such statements or to reflect the occurrence of anticipated or
unanticipated events. Contact PFF Bancorp Kevin McCarthy, President
and CEO, or Gregory C. Talbott, Senior Executive Vice President,
COO/CFO 1-909-941-5400 DATASOURCE: PFF Bancorp, Inc. CONTACT: Kevin
McCarthy, President and CEO, or Gregory C. Talbott, Senior
Executive Vice President, COO-CFO, both of PFF Bancorp,
+1-909-941-5400 Web site: http://www.pffbancorp.com/
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