SOURCE: Bank of Granite Corporation

February 28, 2008 15:46 ET

Bank of Granite Corporation Regains Compliance With Nasdaq Listing Rules

GRANITE FALLS, NC--(Marketwire - February 28, 2008) - Bank of Granite Corporation (NASDAQ: GRAN) announced that The Nasdaq Stock Market notified the Company today that it has demonstrated compliance with all Nasdaq Marketplace Rules, following the filing with the Securities and Exchange Commission earlier in the day of the Company's Form 10-Q for the quarter ended September 30, 2007. Accordingly, Nasdaq determined to continue the listing of the Company's stock on The Nasdaq Stock Market.

Bank of Granite Corporation's common stock trades on the NASDAQ Global Select Market(SM) under the symbol "GRAN." The Company is the parent of Bank of Granite and Granite Mortgage, Inc. Bank of Granite operates twenty-two full-service banking offices in eight North Carolina Counties -- Burke, Caldwell, Catawba, Forsyth, Iredell, Mecklenburg, Watauga, and Wilkes. Granite Mortgage, a mortgage banking company headquartered in Winston-Salem, originates home mortgages in these counties as well as in Cumberland, Guilford, and Rowan counties.

Contact Information

  • For further information, please contact:
    Karen Clark-Caruso
    Public Relations Director
    Voice (828) 345-6863
    Fax (828) 345-0809
    Internet: Email Contact

    Kirby Tyndall
    Chief Financial Officer
    Voice (828) 496-2026
    Fax (828) 496-2010
    Internet: Email Contact.