To: Bill J. Duke who wrote (1997 ) 9/15/1999 10:35:00 PM From: VeloSpeed Respond to of 2419
We knew this was coming... -VeloSpeedUSAB Trading On Nasdaq National Market System Business Wire - September 15, 1999 21:58 PHILADELPHIA--(BUSINESS WIRE)--Sept. 15, 1999--USABancShares.com, Inc. (NASDAQ:USAB), whose common stock has previously traded on Nasdaq SmallCap Market under the symbol "USAB" announced today that its common stock has been approved for quotation and will commence trading on the Nasdaq National Market under the same symbol, "USAB", effective with the start of trading on Thursday, September 16, 1999. George M. Laughlin, Chairman of the Board of USABancShares.com, Inc., stated "We are excited that our common stock will be quoted on the Nasdaq National Market. We believe that the movement of our stock to the National Market will enhance our Company's visibility and the liquidity for our stock, and reflects the growth in both our asset size and our market capitalization in recent years." USABancShares.com, Inc. is a bank holding company regulated by the Federal Reserve Board; Its FDIC insured banking subsidiary, vBank, is a Pennsylvania State Chartered Savings bank engaged in both originating and acquiring commercial, consumer and residential loans. Its Electric Banking Division is responsible for the ongoing development and implementation of the USABancShares.com financial services platform (www.usabancshares.com). Forward Looking Statements: Some of the statements contained in this press release discuss future expectations, contain preliminary unaudited results of operations and financial condition and state other "forward looking" information. Those statements are subject to known and unknown risks, uncertainties and other factors that could cause the actual results to differ materially from those contemplated by the statements. The forward-looking information is based on various factors and was derived using numerous assumptions. Important factors that may cause actual results to differ from projections include, for example: general economic conditions, including their impact on capital expenditures; business conditions in the financial services industry; the regulatory environment; rapidly changing technology and evolving banking industry standards; competitive factors, including increased competition with community, regional and national financial institutions; new services and products offered by competitors; and price pressures. CONTACT: USABancShares.com, Inc., Philadelphia Maureen P. Steady, Corporate Counsel, 215/569-4200 mps@usabancshares.com