With a falling stock price and horrible overall market conditions Bank Of Granite has announced they will not complete an announced 5-for-4 stock split. The split was to take place for equity holders on October 17. Last month Granite announced it was suspending it’s dividend until further notice.

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This entry was posted on Wednesday, October 8th, 2008 at 12:21 pm and is filed under Business News, Triad News. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.