SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): October 8, 2010
FPB BANCORP, INC.
(Exact name of registrant as specified in its charter)
Registrants telephone number, including area code: (772) 398-1388
(Former name or former address, if changed since last report.)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instructions A.2. below):
On October 8, 2010, FPB Bancorp, Inc. (the Company) received an advisory letter from The Nasdaq Stock Market (Nasdaq) indicating that the Company is not in compliance with Marketplace Rule 5550(a)(2) (the Bid Price Rule) because the closing bid price per share of its common stock has been below $1.00 per share for 30 consecutive business days. The Nasdaq advisory letter was issued in accordance with standard Nasdaq procedures. In accordance with Marketplace Rule 5810(c)(3)(A), the Company has been provided with 180 calendar day grace period, or until April 6, 2011, to regain compliance with the Bid Price Rule.
The advisory letter has no effect on the listing of the Companys common stock at this time and its common stock will continue to trade on the Nasdaq Global Market under the symbol FPBI. A copy of the advisory letter is included as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated by reference herein.
The following exhibit is being furnished with this Report:
99.1 Letter from The Nasdaq Stock Market dated October 8, 2010.
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.