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Centrue Financial Corp. (OTCMKTS:TRUE) shares springing up by 12.07%

Boston, MA 06/07/2013 (wallstreetpr) – The share prices of Centrue Financial Corp. (OTCMKTS:TRUE) had surged to close at $1.30 per share on Thursday, which was observed to be a gain of $12.07 percent over its previous closing price. The shares of the company had been trading in the range of $1.15 to $1.45 per share during the day. The shares of Centrue Financial Corp. (OTCMKTS:TRUE) had recorded 52 week high price level of $1.58 per share and 52 week low price level of $0.20 per share.

Centrue Financial Corp. (OTCMKTS:TRUE) is primarily engaged in providing full range of banking services to individual and corporate customers through its three major business segments namely Retail Banking, Commercial Banking and Treasury. The bank holding company operates through its wholly owned subsidiary, Centrue Bank.

Centrue Financial Corp. (OTCMKTS:TRUE) had moved to file with the Securities and Exchange Commission in November, 2012 to deregister its bank from the exchange. This move comes in line with the relaxation of the provisions of Jumpstart Our Business Startups Act thereby allowing deregisteration of banks if it has less than 1200 shareholders, which was formerly fixed at 300 shareholders.

The new federal JOBS Act had become active in April 2012 and since then nearly 116 banks had filed to deregister their common stock. The shares of Centrue Financial Corp. (OTCMKTS:TRUE) had witnessed heavy trading volume at 37,795 shares being exchanged on Thursday, while the average volume is at 4,084 shares per day.

The banking holding company presently has 6.10 million shares outstanding in the market.

Published by Viraj Shah

Viraj Shah has done M.Com (Finance) and currently pursuing CFP. He is a technical analyst who tracks US markets along with other global markets like India very closely. He is very passionate about stocks and believes that money can always be made in market.

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