Eagle Financial Bancorp Inc will voluntarily delist its common stock from the Nasdaq Stock Market.
The Cincinnati-based company notified Nasdaq that it plans to file a Form 25, or notification of removal from listing, with the SEC on or about Dec. 20.
Eagle Financial's board concluded that the "significant cost" of listing on Nasdaq outweighed the current benefits of listing, according to a news release.
The last trading day of the shares on Nasdaq will be on or about Dec. 20. Subsequently, the shares will be quoted on the OTCQB Marketplace under the symbol EFBI starting on or about Dec. 23. Eagle Financial Bancorp's common stock will continue to be registered under the Securities and Exchange Act of 1934 and its obligation to file reports with the SEC will continue.