DALLAS, April 13, 2017 (GLOBE NEWSWIRE) -- N.D.B COMPANY INC. (the “Company,” EIN 75-6032052), an affiliate of North Dallas Bank & Trust Co. (the “Bank”), has completed the distribution in accordance with the approved Plan of Liquidation and Dissolution of said Company (the “Plan”). Under the Plan, the shareholders of record of the Bank at dissolution date became the beneficial owners of the Company. The distribution was completed on April 7, 2017. The Company, a privately held corporation, distributed cash, in lieu of stock, of $4.32 per share based on the beneficial owners' pro rata ownership of the Bank’s common stock which should not be considered a dividend from the Bank.
Sam Renshaw 972.716.7100
Source:North Dallas Bank & Trust Co.