PORTER BANCORP, INC. (NASDAQ:PBIB) Files An 8-K Regulation FD Disclosure
Item 7.01 Regulation FD Disclosure
On December 2, 2016, Porter Bancorp, Inc. (the Company) announced
that the Kentucky Court of Appeals had ruled against its
subsidiary in the matter of PBI Bank, Inc. v. Point LLC,
upholding the previous award of $7.015 million in compensatory
and punitive damages. The decision included a partial dissenting
opinion. The Company is conferring with its legal advisors and
evaluating the merits of further pursuing the appellate process.
A copy of the press release issued by the Company on December 2,
2016 is included as Exhibit 99.1 to this Current Report.
The information in this Current Report and the attached Exhibit
99.1 is being furnished to the Securities and Exchange Commission
and shall not be deemed filed for purposes of Section 18 of the
Securities Act of 1934, or otherwise subject to the liabilities
of that section, nor shall it be deemed incorporated by reference
in any filing under that Act unless the filing includes a
statement expressly incorporating the information.
Item 9.01 Financial Statements and Exhibits.
| Exhibit | Description |
| 99.1 | Press Release dated December 2, 2016 |
About PORTER BANCORP, INC. (NASDAQ:PBIB)
Porter Bancorp, Inc. is a bank holding company. The Company operates through its subsidiary, PBI Bank (the Bank). The Bank is a community bank with a range of commercial and personal banking products. It offers retail and commercial deposit products. It offers drive-in banking facilities, automatic teller machines, night depository, personalized checks, credit cards, debit cards, Internet banking, mobile banking, treasury management services, remote deposit services, electronic funds transfers through automated clearing house services, domestic and foreign wire transfers, cash management, vault services, and loan and deposit sweep accounts. It operates banking offices in approximately 12 counties in Kentucky. Its markets include metropolitan Louisville in Jefferson County and the surrounding counties of Henry and Bullitt. It serves south central Kentucky and southern Kentucky from banking offices in Butler, Green, Hart, Edmonson, Barren, Warren, Ohio and Daviess Counties. PORTER BANCORP, INC. (NASDAQ:PBIB) Recent Trading Information
PORTER BANCORP, INC. (NASDAQ:PBIB) closed its last trading session down -0.03 at 2.47 with 39,782 shares trading hands.
