trending Market Intelligence /marketintelligence/en/news-insights/trending/tL1bdDztyAThGiftztj6OA2 content esgSubNav
In This List

Carroll Bancorp deregistering shares

Blog

Commercial Banking: June 22nd Edition

Blog

Commercial Banking Newsletter June Edition - 2022

Podcast

Street Talk | Episode 96: Considering recession risks, prospects that the Fed achieves a 'soft landing'

Blog

Insight Weekly: US recession outlook; mortgage activity slowdown; climate disclosure push


Carroll Bancorp deregistering shares

Sykesville, Md.-based Carroll Bancorp Inc. is voluntarily deregistering its common stock as the stock has less than 1,200 holders of record.

The company will file its Form 15 with the SEC on March 22, 2017, with the stock deregistration becoming effective 90 days after. The board approved the filing Dec. 19. At the time of that filing, the company will suspend the filing of certain reports to the SEC, including its Forms 10-K, 10-Q and 8-K.

The company is deregistering is stock as it feels that the cost of compliance outweighs any benefits to shareholders. It expects its common stock to continue to trade on the OTC Pink Market.