Capital City Bank Faces NASDAQ Compliance Issue

Capital City Bank Group, Inc. (NASDAQ: CCBG) recently received a notice from the NASDAQ Stock Market LLC stating that it is no longer in compliance with the continued listing requirements due to the delayed filing of its quarterly report on Form 10-Q for the quarter ended March 31, 2024. While this notice has no immediate effect on the listing or trading of the company's common stock, it does require Capital City Bank Group to submit a plan to regain compliance within 60 calendar days from the date of the notice.

The company has approximately $4.3 billion in assets and provides a full range of banking services, including traditional deposit and credit services, mortgage banking, asset management, trust, merchant services, bankcards, securities brokerage services, and financial advisory services. Its bank subsidiary, Capital City Bank, operates 63 banking offices and 104 ATMs/ITMs in Florida, Georgia, and Alabama.

The filing of the Form 10-Q is expected to eliminate the need to submit a plan to regain compliance, and the company intends to file the form as promptly as practicable. The market has reacted to these announcements by moving the company's shares -0.3% to a price of $26.95. For more information, read the company's full 8-K submission here.

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