FTBK Revoked by SEC:

http://www.sec.gov/litigation/admin/2014/34-71440.pdf

FTBK is gaining attension and momentum

Friday, April 30, 2010, Frontier Bank, Everett, WA was closed by the Washington State Department of Financial Institutions, and the Federal Deposit Insurance Corporation (FDIC) was named Receiver. No advance notice is given to the public when a financial institution is closed.

The FDIC has assembled useful information regarding your relationship with this institution. Besides a checking account, you may have Certificates of Deposit, a car loan, a business checking account, a commercial loan, a Social Security direct deposit, and other relationships with the institution. The FDIC has compiled the following information, which should answer many of your questions

Been following for over a year now. What happened last week?

WORST STOCK I EVER BOUGHT STAT AWAY!!!!!!

FTBK Close .085 UP 113% today

What's the story?

FTBK REG_SHO Overview Threshold Security List 5/21/2010

Market Category Counts

OTCBB (U) Other OTC (u) NASDAQ (Q,G,S)
14 18 10
File Download

Trade Date Download Link File Creation Timestamp
Friday, May 21, 2010
Download
5/21/2010 11:00:04 PM
Threshold Security List

http://www.litecapital.com
LITE Capital Communications - Investment Research

As defined in Rule 203(c)(6) of Regulation SHO, a “threshold security” is any equity security of any issuer that is registered under Section 12 of the Exchange Act, or that is required to file reports under Section 15(d) of the Exchange Act (commonly referred to as reporting securities), where, for five consecutive settlement days:

There are aggregate fails to deliver at a registered clearing agency of 10,000 shares or more per security; The level of fails is equal to at least one-half of one percent of the issuer’s total shares outstanding; and The security is included on a list published by a self-regulatory organization (SRO).

A security ceases to be a threshold security if it does not exceed the specified level of fails for five consecutive settlement days.

The Securities and Exchange Commission (SEC) has amended Regulation SHO to eliminate the “grandfather provision” effective October 15, 2007. Please refer to Regulatory Alert #2007-086 for complete details.

On January 2, 2007, a Regulation SHO Threshold List for NASDAQ and OTCBB stocks was not published on NASDAQTrader.com. As a result, certain original published Regulation SHO Threshold/NASD 3210 Lists listed below have been modified. Please review General News 2007-022 for complete details.

Certain securities included in the July 7, 2006, Regulation SHO Threshold List published on the NASDAQ Trader website should not have been included. Firms are advised to refer to NASDAQ's General News item and review the revised list of securities subject to the Regulation SHO requirements for July 7, 2006.

For detailed information, please visit the SEC's website at:

http://www.sec.gov/divisions/marketreg/mrfaqregsho1204.htm
http://www.sec.gov/spotlight/keyregshoissues.htm
Note: The list below contains securities from OTCBB, Other OTC and NASDAQ markets. The totals below reflects the number of securities from each marketplace that are included in the list. Please review the "Market Category" field for the specific listing market for each security.


Symbol Security Name Market Category Reg SHO Threshold Flag Rule 3210
ACLH ACT CLEAN TECHNOLOGIES, INC. C u N Y
ACWX ISHARES MSCI ACWI EX US INDEX G Y N
AICPQ AICI CAP TST 9% PFD SECS u Y N
AIXG AIXTRON AKTEINGESESELLSCHAFT A Q Y N
AMEL AMERILITHIUM CORP COM STK (NV) U Y N
AMTC AMERITRANS CAPITAL CORPORATION S Y N
ATTD ATTITUDE DRINKS INC COMMON U Y N
BNPQY BNP PARIBAS SPONS ADR u N Y
CCTR China Crescent Enterprises, In U Y N
CHIO CHINA INSONLINE CORP COM S Y N
CHNC CHINA INFRASTRUCTURE CONSTRUCT U Y N
CLQMF CANADA LITHIUM CORP ORDINARY S u N Y
CTPZY COMP DE TRAN PAULISTA ADR u N Y
CVVUF CanAlaska Uranium Ltd. Ordinar U Y N
DPMLF DUNDEE PRECIOUS METALS INC u N Y
EUBK EUROBANCSHARES, INC. u Y N
FNXMF FNX MNG CO INC u N Y
FRCMQ FAIRPOINT COMMUNICATIONS INC. u Y N
FTBK FRONTIER FINL CORP NEW COM STK u Y N
FXFL Flex Fuels Energy, Inc. Common U Y N
GEVI General Environmental Manageme U Y N
GGCRF GENCO RESOURCES LTD u Y N
IFLG INFOLOGIX INC COM STK (DE) S Y N
ISCHY Israel Chemicals Limited Unspo u N Y
KBLB KRAIG BIOCRAFT LABORATORIES IN U Y N
MURZY MURRAY & ROBERTS HLDG LTD ORD u N Y
RMIXQ U.S. CONCRETE INC u Y N
RNWF Renewal Fuels, Inc. Common Sto u N Y
SANWU S&W SEED CO UIT (DE) S Y N
SGSVF SABINA GOLD & SILVER CORP ORDI u N Y
SQQQ PROSHARES ULTRAPRO SHORT QQQ G Y N
TEWI TITAN ENERGY WORLDWIDE, INC. N U Y N
TQQQ PROSHARES ULTRAPRO QQQ G Y N
TWSRF TOWER SEMICONDUCTOR LTD WTS SH U Y N
VCIT VANGUARD INTERMEDIATE-TERM COR G Y N
VCRT VICOR TECHNOLOGIES INC NEW COM U Y N
VCSH VANGUARD SHT-TERM CORP BD ETF G Y N
VIVK VIVAKOR INC COMMON STOCK U Y N
VLKPY VOLKSWAGEN AG SPONS ADR REPSTG u Y N
WEMU Worldwide Energy Manufacturing U Y N
WHCI W HOLDING COMPANY INC. (NEW) u Y N
WPUR WATERPURE INTERNATIONAL, INC. U Y N

Finra Reg_SHO Ihub Board
Thanks For The Mark

New 52-week low 0.3 was created yesterday! However FTBK has already
bottomed out at 0.3 and will bounce back to 0.6 or higher. I am glad
to have purchased large amount of bottom shares at 0.3. Hopefully it
is the forever bottom. Seems no CH11 / CH7 filing in the short term!

Each BK moves at its own speed , but a Bank's BK usually moves much faster , particularly a liquidation Chapter 7 . Washington Mutual's has dragged on due to disputes , wherwas Frontier apparently has no disputes .

Watch for ALL Filings to be guided .

Best o' luck , Novatillo & other FTBK holders .

Thanks, Renee!

Do you know the time necessary for this process?

Novatillo : FTBK's shares will likely trade , probably on the Pink Sheets , because only a Judge has the power and authority to cancel a trading equity .

FTBK has said they will file Chapter 7 liquidation Bankruptcy which must go through all Bankruptcy processes before a Judge will rule on the Common Equity .

In a Chapter 7 there is no re-organization so IF there is any money left over after all liabilities have been settled then FTBK shareholders would get a few crumbs for their commen equity shares , albeit Common Equity holders are last in line after all creditors and Preferred Equity holders .

Had Frontier filed a Chapter 11 Reorganization then the common equity holders invariably lose out because NEW common equity replaces and cancels the previous equity ( by Court Order ) .

Shareholders and potential shareholders need to watch all Filings that will show Frontier's liabilities versus assets . If the liabilities exceed the Bank's assets then the Common Equity holders will get zero when the Chapter 7 is closed and the Bank completely liquidated . Conversely , if Frontier's assets exceeed their liabilities then the Judge must dispense the residual money to any Preferred shareholders first , and then Common Equity holders last .

What will happen with the shares?
Do they have any value?

Halted :

http://nasdaqtrader.com/Trader.aspx?id=TradeHalts

T.12 Halt - Additional Information Requested by NASDAQ
Trading is halted pending receipt of additional information requested by NASDAQ .

NO bk here my man!

Friday, April 30, 2010, 6:03pm PDT | Modified: Friday, April 30, 2010, 6:42pm
Frontier Bank closed, sold to California bank
Puget Sound Business Journal (Seattle) - by Kirsten Grind

Government regulators shut down Frontier Bank, of Everett, Friday evening and sold its assets to San Francisco-based Union Bank, National Association, ending the more than 30-year run of the state’s second-largest commercial bank.

Frontier Bank, which had suffered through a string of problems in recent weeks, was deemed undercapitalized by government regulators.

Like many community banks across Washington, it suffered as a result of its extensive commercial real estate loans to developers across the state. In its most recent earnings report, the bank held $878.4 million in nonperforming assets, one measure of bad loans.

The closure of Frontier, owned by Frontier Financial Corp. (NASDAQ: FTBK), marks the ninth community bank failure in Washington since January 2009 and the fifth so far this year. It is also the first time a California-based institution has gobbled up a Washington bank and only the second time an out-of-state bank has entered the state to purchase a failed community bank.

The seizure of Frontier Bank will cost the federal Deposit Insurance Fund about $1.37 billion, according to the Federal Deposit Insurance Corp. (FDIC).

Union Bank, with three branches in the Seattle area, bought Frontier’s 51 branches across the Puget Sound region, capturing about $3.13 billion in deposits, according to the FDIC, the government agency that brokered the sale. Former Frontier Bank branches will open Monday as Union Bank outlets.

Union Bank has 340 branches in California, Washington, Oregon, Texas and two international offices.

Union Bank entered into a loss sharing agreement with the FDIC on $3.04 billion of Frontier Bank’s assets. According to the FDIC, the bank “will share in the losses on the asset pools covered under the loss-share agreement.”

Brad Williamson, director of the banks division for the Washington state Department of Financial Institutions, credited Frontier Bank’s management for trying to recapitalize the bank.

“However, the economic climate has made this task very difficult and the continuing loan losses finally brought the bank’s capital to an unsustainable level,” Williamson said Friday in a statement.

Frontier Bank had been trying desperately to raise additional capital since late 2008, when Pat Fahey arrived on board as the bank’s new chief executive. In mid-2009, Fahey organized a merger of Frontier with a New York company, but the deal fell through after federal regulators failed to approve it in time.

The deal’s failure spurred an unprecedented reaction from Washington Gov. Chris Gregoire, who wrote a public letter questioning why regulators had allowed negotiations to fall apart.

In recent weeks, Frontier has faced a slew of problems. Its longtime president, John Dickson, was fired after a spat about a Hawaiian vacation. The bank was forced to restate its earnings for the most recent quarter, posting an even higher loss than it anticipated. Then, six law firms filed suits intended to be class actions against the bank, alleging that it violated Securities and Exchange Commission rules by “issuing material false and misleading statements.”

Most recently, Frontier’s stock price experienced an unexplained jump earlier this week that has been attributed by experts to rumors about its pending closure or short sellers.

Union Bank, meanwhile, has long wanted to expand in the Seattle area.

In an interview with the Puget Sound Business Journal in March 2008, its president and chief executive, Masaaki Tanaka, said the Puget Sound region was the bank’s next great frontier.

“We have conducted various research, and the economic data shows that Washington is an area that continues to grow in terms of population and Seattle continues to expand its economy,” said Tanaka, who took the helm of the bank’s parent company, UnionBanCal Corp., in May 2007.

“I think it’s very important that we move quickly and invest more than we expected to in the market,” he told the Business Journal.

UnionBanCal Corp. has $86 billion in assets, and was taken private in 2008, according to Securities and Exchange Commission filings.

In its most recent quarter, Union Bank made $77 million and its provision for credit losses was $165 million.

In April, it snapped up failed Tamalpais Bank, in San Rafael, Calif., from the FDIC.

For more information on Washington’s troubled banks, check the Puget Sound Business Journal database here.

Read more: Frontier Bank closed, sold to California bank - Puget Sound Business Journal (Seattle):

If the bank files the CH11 then the price may hit as low as 0.02 on
the Grey Sheets or 0.11 on the Pink Sheets or 0.22 on the Nasdaq.

The price may hit as low as 0.01 if the bank files the CH7 and stock
downgrades to the Grey Sheets or 0.1 if the stock trades in the Pink
Sheets or 0.2 if FTBK trades on the Nasdaq exchange.

Could the bank file the CH11 or even CH7 on the next Monday? Since the holding company is not included in the bankruptcy yet. Any hope?

FDIC shut down FTBK on last Friday! Why did not the company release
any news so far?

LOL bag holders created for sure

LOL OWNED - http://www.marketwire.com/press-release/Frontier-Financial-Corporation-Denies-Acquisition-Rumors-NASDAQ-FTBK-1154659.htm

lawsuits but that is not keeping the stock down? why?

I moved all mine a while back. Im staying a way from this one for now.

How about 7s today!

Nice Pincher.

i thought this one should have been closed down 6 months ago

Time to bail what with that wonderful LOSS restatement after today's mkt close!

Are we ready for the FDIC to move in?

Time to bail what with that wonderful LOSS restatement after today's mkt close!

Are we ready for the FDIC to move in?

i think it quit moveing

ill hope for ya..........

We move up from here

Im in at an average of $3.48, this will be a good play this year. The research ive done makes me think we will see the 4's again soon. GLTA

Hi Guys! Mulder 35 here. Yes I saw 200 M. shares more??? My God I am glad I have since sold out. this is ridiculous! After a reverse split and now more dulition? No way im in this anymore. TY.

this helps explain why the price run up and the split....

Frontier Financial Corporation Announces Management Retirement




EVERETT, WA -- (Marketwire) -- 12/21/09 --

Frontier Financial Corporation (NASDAQ: FTBKD) (NASDAQ: FTBK), the financial holding company for Frontier Bank, has announced that Michael J. Clementz is retiring, effective December 31, 2009, from his position as President of Frontier Financial Corporation, CEO of Frontier Bank, and as a director of both companies. Mr. Clementz had previously served as President and CEO of Frontier Financial Corporation from 2003 to 2005, and was appointed to his current position last December, 2008. Patrick M. Fahey, currently Chairman and CEO of Frontier Financial Corporation and Chairman of Frontier Bank, will assume the roles held by Mr. Clementz



Commenting on Mr. Clementz's service to the company, Fahey said, "Mike has been a longtime friend, and I appreciated his willingness to step up last December to assist in the significant changes that were necessary in light of the deteriorating economy and Frontier's credit issues. Mike has made a significant contribution toward our recovery, especially in the leadership he provided in the development and success of our Special Assets Group and the revamping of our credit review process. There has been tremendous progress in identification and resolution of problem loans and a reduction of nearly $1.3 billion in our construction and development loan exposure in the past year-and-a-half."


About Frontier


Frontier Financial Corporation is a Washington-based financial holding company, providing financial services through its commercial bank subsidiary, Frontier Bank, since 1978. Frontier Bank offers a wide range of banking and financial services to businesses and individuals in its market area, including trust, cash management, and investment and insurance products. Frontier operates 47 offices in Clallam, Jefferson, King, Kitsap, Pierce, Skagit, Snohomish, Thurston, and Whatcom counties in Washington and 3 offices in Oregon. Additional information regarding Frontier Bank and its services can be found at the bank's website: www.frontierbank.com


This press release includes forward-looking statements and Frontier Financial Corporation intends for such statements to be covered by the safe harbor provisions of the Private Securities Litigation Reform Act of 1995

These forward-looking statements describe Frontier Financial Corporation's expectations regarding future events. Future events are difficult to predict and are subject to risk and uncertainty which could cause actual results to differ materially and adversely. Additional information regarding risks and uncertainties is included in Frontier Financial Corporation's periodic filings on Forms 10-K and 10-Q with the Securities and Exchange Commission. Frontier Financial Corporation undertakes no obligation to revise or amend any forward-looking statements to reflect subsequent events or circumstances


Patrick M. Fahey Chairman and CEO Frontier Financial Corporation 425-514-0700

Carol E. Wheeler CFO Frontier Financial Corporation 425-514-0700

whats a trader to do ?

Are you ffffing kidding me!! I can only hope Mulder35 is reading your post! what a joke. You have incredible restraint of your tongue. lol

Confused at the system!! How can you reverse split at 10:1 and than create and hand out 200 million additional shares 2wks later??

Mulder... are you not seeing we are getting shafted now? looks like the reduction that you thought was so favorable is turning out to be a scam?? (in my opinion of course)

I can't believe that is even legal for a public company.

Like I said... it's an OTC company in comparison!

ck this out....now they want to issue 200 MILLION SHARES...

Frontier Financial Corporation (NASDAQ: FTBK) announced that it will hold a special shareholder meeting on Wednesday, January 20, 2010 at Frontier Bank, 332 S.W. Everett Mall Way, Everett, Washington, at 7:00 p.m., local time. Shareholders will be requested to approve an increase in the total number of shares of common stock that Frontier is authorized to issue from 10 million to 200 million shares. The 10 million shares of preferred stock which Frontier is currently authorized to issue will remain unchanged. The availability of these shares of common stock will allow Frontier the capability and flexibility to issue new shares for a variety of purposes, including raising additional capital and increasing the regulatory capital position of Frontier and its subsidiary bank.

most everything getting slammed today

wow frontier getting slammed..

awesome!! and yes i've noticed lol :)

looks like we will have a shot at making some green!! still not hit the 53 cent split level but ohhh sooo close!

Cheers

back to 5 bucks

And yes Molder your right... it can be an awesome play.... NOWWWWW!!!!... but not for the guy who was an existing investor. With those few outstanding shares and in a couple of weeks when it bottoms out it will be good again no question.. or not! lol

No offense.

lolol...im ok...there not all winners...ill give it till the end of the year then sell...hopefully sooner

let the tax man deal with this one.

Yikes.. hope not Red... fingers crossed for you!!

you sound like someone who's got in for a couple hundred bucks as far as the shares and float is concerned. How's it working for you now?

Good luck regardless!

loooks like another 4 days and they will have to do another R.S. the way this thing is dropping...

i wish you would tell the company that...it seems to be going the wrong way right now

You're not making any sense! Dont forget that the shares and float are very SMALL now??/ In This way, it can go much higher than u think now buddy. stop complaining!

Right on Red! That's why I feel robbed. It's the opportunity that is taken away. I'm sure if they make it they will be worth 5 bucks plus.. but some of us took a chance and put RRSP's (retirement saving away on this) and poof. (gone) Many stocks will double in the next 3 years but what the hell we didn't buy walmart now did we. we took a HUGE risk on this and now it's just been pulled from under our feet!

Being a Newbie at this when I looked up Reverse/Split the web site gave an example of it at 2:1 and so with already looking at an opportunity slowly vanishing to some extent I said to myself.. cool well if they are now at 1 dollar or two (.50 x 2 or 3) to make the nasdaq... well so be it.

X10 OUR YOU OUT OF YOUR FRIGGIN MIND!


I didn't know that ftbk operates in an OTC fashion. what's the difference inflate your price X10 or not give out any financials at all?? Both in my mind are SLIME!