Fidelity Federal Completes Reverse Stock Split
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Fidelity Federal Bank in Glendale said its 1-for-4 reverse stock split became effective Feb 14.
Fidelity’s shares of Class A common stock are currently quoted on the Nasdaq OTC Bulletin Board under two symbols. The pre-split trading symbol is FDFBA, and the post-split symbol is FDFBD. After 30 days, the trading symbol will revert to FDFBA.
Reverse stock splits are used to raise the price of each share of common stock, thus helping to make the shares more marketable.
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