PNB Seeks Stock Listing

PNB Financial Group said Monday that it has applied to list its shares on the Nasdaq exchange.

The holding company for Pacific National Bank also declared a 15% stock dividend, which allows PNB to meet the Nasdaq requirement for the number of shares outstanding.

The Newport Beach company anticipates fulfilling all other Nasdaq listing requirements by June 30. The stock dividend is payable April 15 to shareholders of record March 31.

PNB common stock now trades on the over-the-counter market. The last bid Monday was $22.25 per share.