PFF Bancorp to Commence Trading on the OTC Bulletin Board

2008-07-25 15:05:00

PFF Bancorp to Commence Trading on the OTC Bulletin Board

    RANCHO CUCAMONGA, Calif., July 25 /EMWPresswire/ -- PFF

Bancorp, Inc. (NYSE: PFB) ("PFF Bancorp" or the "Company"), the holding

company of PFF Bank & Trust, Glencrest Investment Advisors, Inc., and

Diversified Builder Services, Inc., today announced that arrangements for

the transition of trading of the Company's common stock from the New York

Stock Exchange ("NYSE") to the over-the-counter market have been completed.

Trading on the NYSE and the Company's trading symbol "PFB" will be

discontinued as of the close of the market on July 25, 2008. Effective

Monday, July 28, 2008, the Company's stock will be traded in the

over-the-counter market and quoted on the OTC Bulletin Board under the

symbol "PFFB."



    The transition to the over-the-counter market will have no effect on

PFF Bancorp's previously announced agreement to be acquired by FBOP

Corporation.



    Important Additional Information About the Merger



    This communication is being made, in part, in respect of the proposed

business combination involving PFF Bancorp, Inc. and FBOP Corporation. In

connection with the proposed transactions, PFF Bancorp, Inc. has filed with

the SEC a preliminary proxy statement and other documents regarding the

proposed transactions, and plans to file with the SEC a definitive proxy

statement as well as other documents regarding the proposed transactions.

The definitive proxy statement will be mailed to stockholders of PFF

Bancorp, Inc. SECURITY HOLDERS OF PFF BANCORP, INC. ARE ADVISED TO READ THE

PROXY STATEMENT AND OTHER DOCUMENTS FILED WITH THE SEC CAREFULLY AND IN

THEIR ENTIRETY WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN

IMPORTANT INFORMATION ABOUT THE PROPOSED TRANSACTION.



    Security holders may obtain free copies of the preliminary proxy

statement and other documents filed with the SEC by PFF Bancorp, Inc., and

will be able to obtain free copies of the definitive proxy statement (when

available) and other relevant documents to be filed with the SEC through

the website maintained by the SEC at http://www.sec.gov. Free copies of the

preliminary proxy statement (and the definitive proxy statement when

available) and other documents filed with the SEC are also available on the

investor relations portion of PFF Bancorp's website at http://www.pffbancorp.com



    The Company and its directors and executive officers and other persons

may be deemed to be participants in the solicitation of proxies in respect

of the proposed transaction. Information regarding the Company's directors

and executive officers is available in its Annual Report on Form 10-K for

the year ended March 31, 2008, which was filed with the SEC on June 19,

2008. Other information regarding the participants in the proxy

solicitation and a description of their direct and indirect interests, by

security holdings or otherwise, are contained in the preliminary proxy

statement and will be contained in other relevant materials to be filed

with the SEC (and will be contained in the definitive proxy statement and

other relevant materials to be filed with the SEC when they become

available).



    Forward-Looking Statements



    Certain matters discussed in this news release may constitute forward-

looking statements within the meaning of the Private Securities Litigation

Reform Act of 1995. These forward-looking statements may relate to, among

other things, expectations of the business environment in which the Company

operates, projections of future performance, perceived opportunities in the

market and statements regarding the Company's strategic objectives. These

forward-looking statements are based upon current management expectations

and may therefore involve risks and uncertainties. The Company's actual

results or performance may differ materially from those suggested,

expressed, or implied by forward-looking statements due to a wide range of

factors including, but not limited to, the general business environment,

the California real estate market, competitive conditions in the business

and geographic areas in which the Company conducts its business, regulatory

actions or changes, actions by lenders and customers, the risk that the

merger is not consummated due to failure to receive regulatory approval,

stockholder approval or due to other events, and other risks detailed in

the Company's reports filed with the Securities and Exchange Commission,

including the Annual Report on Form 10-K for the fiscal year ended March

31, 2008. The Company disclaims any obligation to subsequently revise or

update any forward- looking statements to reflect events or circumstances

after the date of such statements or to reflect the occurrence of

anticipated or unanticipated events.




Contact PFF Bancorp Kevin McCarthy, President and CEO, or Gregory C. Talbott, Senior Executive Vice President, COO/CFO 1-909-941-5400

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