Porter Bancorp Announces Settlement
PORTER BANCORP (PBIB)
US:NASDAQ Investor Relations:
pbibank.com
Company Research
Source: Business Wire
LOUISVILLE, Ky.--(BUSINESS WIRE)-- Porter Bancorp, Inc. (NASDAQ: PBIB), parent company of PBI Bank, today announced that a settlement agreement has been reached in the matter of Signature Point Condominiums, LLC v. PBI Bank, Inc. that had been awaiting review by the Kentucky Supreme Court. In resolving Signature Point’s claims and withdrawing its Motion for Discretionary Review, PBI Bank did not admit liability. As previously disclosed, the Company had established a reserve for this matter, and therefore the terms of the settlement did not have a material effect on the Company’s financial condition or results of operation. About Porter Bancorp, Inc. Porter Bancorp, Inc. (NASDAQ: PBIB) is a Louisville, Kentucky-based bank holding company which operates banking centers in 12 counties through its wholly-owned subsidiary PBI Bank. Our markets include metropolitan Louisville in Jefferson County and th
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