SOURCE: North Dallas Bank & Trust Co.

North Dallas Bank & Trust Co.

October 07, 2016 12:03 ET

Update on Dissolution of N.D.B. COMPANY INC., Affiliate of North Dallas Bank & Trust Co. (OTCBB: NODB)

DALLAS, TX--(Marketwired - October 07, 2016) - N.D.B. COMPANY INC. announces the sale of 11811 Preston Road, Dallas, Texas. N.D.B. COMPANY INC. is continuing the process of liquidating assets to dissolve the Company and distribute any proceeds to beneficial interest owners (see release dated 1/21/2016). While it is impossible to accurately predict the outcome of N.D.B. COMPANY INC.'s liquidation, we currently estimate the return to the beneficial interest holders to be between $3 and $5 per share. More information regarding the dissolution will be provided as the outcomes become more certain.

N.D.B. COMPANY INC. is a trustee affiliate of North Dallas Bank & Trust Co. Any forward looking estimates are based on current circumstances which may change in the future and are not guaranteed. Actual results may differ significantly.

North Dallas Bank & Trust Co. (OTCBB: NODB) is an independent bank established in 1961 with current locations in Dallas, Plano, Irving, Frisco and Addison, Texas. Any forward-looking implications derived from this information may differ materially from actual results. Please direct any questions to Sam Renshaw, Vice Chairman and CFO.

Contact Information

  • Sam Renshaw
    972.716.7100