SOURCE: Smithtown Bancorp

November 29, 2006 10:35 ET

Smithtown Bancorp to Begin Trading on NASDAQ Global Market

SMITHTOWN, NY -- (MARKET WIRE) -- November 29, 2006 -- Smithtown Bancorp (NASDAQ: SMTB), the parent company of Bank of Smithtown, today announced that the company's stock will begin trading on the NASDAQ Global Market this Friday, December 1, 2006.

Since April 2004, the company's stock has traded on the NASDAQ Capital Market, which is a stock market comprised mostly of small-cap and mid-cap companies. Today, the company's assets exceed $1 billion and the market capitalization is approximately $250 million.

Over the past 10 years, the market value of Smithtown Bancorp stock has risen at a compounded annual growth rate of more than 30% per year. Earlier this year, Investors Business Daily added Smithtown Bancorp to its list of the "Top 100" stocks in the United States. So far this year, the price for the company's stock has risen by approximately 36%. In contrast, the S & P 500 and the NASDAQ Composite Index have year-to-date gains of 10.70% and 9.10%, respectively.

Contact Information

  • Contact:
    Ms. Judith Barber
    Corporate Secretary

    Corporate Headquarters
    100 Motor Parkway, Suite 160
    Hauppauge, NY 11788-5138
    Direct Dial:631-360-9304
    Direct Fax: 631-360-9380
    Email Contact

    News Contact:
    Peter Hamilton
    Rubenstein Associates
    (work) 212-843-8015
    (home) 631-928-8437
    (cell) 516-375-6434