SOURCE: Centrue Financial Corporation

Centrue Financial Corporation

October 26, 2015 11:00 ET

Centrue Financial Corporation Joins NASDAQ Capital Market

OTTAWA, IL--(Marketwired - Oct 26, 2015) - Centrue Financial Corporation (the "Company") (NASDAQ: CFCB), parent company of Centrue Bank, announced that it has been approved to list and trade on the NASDAQ Capital Market beginning Monday, October 26, 2015 under the ticker symbol of CFCB. The Company's registration statement was declared effective by the SEC on Friday, October 23, 2015.

On March 31, 2015, the Company completed a strategic recapitalization through the issuance of approximately 6.3 million shares (adjusted for the 1:30 reverse stock split completed on May 29, 2015) of Centrue common stock with aggregate proceeds of $76.0 million. Earlier this month, Centrue announced that it had filed a Registration Statement on Form S-1 for the registration of 4.8 million of the common shares issued as part of the recapitalization.

"We believe we offer an attractive alternative for investors, and listing on NASDAQ is one more indicator of that," remarked the Company's President & Chief Executive Officer, Kurt R. Stevenson. "As an organization, we have demonstrated, particularly over the past few years, that we have an agile and adaptable community banking business model that has the wherewithal to tolerate ever-changing industry demands and market conditions. We are extremely proud of this latest step and believe this move will provide us with better liquidity and, ultimately, enhance shareholder value."

The Company plans to report its third quarter 2015 financial results on Thursday, October 29, 2015 after the market closes.

About the Company

Centrue Financial Corporation is a regional financial services company headquartered in Ottawa, Illinois and devotes special attention to personal service. The Company serves a market area which extends from the far western and southern suburbs of the Chicago metropolitan area across Central Illinois down to the metropolitan St. Louis area.

Further information about the Company is available at its website at http://www.centrue.com.

Forward Looking Statements

This release contains certain forward-looking statements. Forward-looking statements, which are based on certain assumptions and describe future plans, strategies, and expectations of the Company, are generally identified by the use of words such as "believe," "expect," "intend," "anticipate," "estimate," or "project" or similar expressions. The Company's ability to predict results, or the actual effect of future plans or strategies, is inherently uncertain. Factors which could have a material adverse effect on the operations and future prospects of the Company and the subsidiaries include, but are not limited to, changes in: interest rates; general economic conditions; legislative/regulatory changes; monetary and fiscal policies of the U.S. government, including policies of the U.S. Treasury and the Federal Reserve Board; the quality and composition of the loan or securities portfolios; demand for loan products; deposit flows; competition; demand for financial services in the Company's market areas; the Company's implementation of new technologies; the Company's ability to develop and maintain secure and reliable electronic systems; and accounting principles, policies, and guidelines. These risks and uncertainties should be considered in evaluating forward-looking statements and undue reliance should not be placed on such statements.

Contact Information

  • Contact:

    Daniel R. Kadolph
    Chief Financial Officer
    Centrue Financial Corporation
    Email Contact
    (815) 431-2838