What does SXSX mean in NASDAQ SYMBOLS
SXSX stands for Sussex County State Bank of Franklin, an organization which was de-listed from the United States stock exchange in 2007. This FAQ provides information about the history of this organization and its activities prior to being de-listed.
SXSX meaning in NASDAQ Symbols in Business
SXSX mostly used in an acronym NASDAQ Symbols in Category Business that means Sussex County State Bank of Franklin (de-listed)
Shorthand: SXSX,
Full Form: Sussex County State Bank of Franklin (de-listed)
For more information of "Sussex County State Bank of Franklin (de-listed)", see the section below.
Essential Questions and Answers on Sussex County State Bank of Franklin (de-listed) in "BUSINESS»NASDAQ"
What Is SXSX?
SXSX stands for Sussex County State Bank of Franklin, which was a U.S.-based financial institution that was de-listed from the United States stock exchange in 2007.
How Long Was it in Operation?
The bank operated from 1972 until 2007 when it was de-listed and no longer traded on the US stock exchange.
What Services Did It Provide?
During its operation, Sussex County State Bank of Franklin provided consumer banking services including loan origination, deposits, checking accounts, and credit cards.
Why Was It De-Listed?
Surrey County State Bank of Franklin ceased operations due to difficulties meeting capital requirements established by the Office of Thrift Supervision (OTS). The OTS determined that the bank did not have enough capital to sustain continued growth or absorb potential losses and consequently revoked their charter in 2006. In 2007, given its suspension from trading on the US stock exchange, it was officially delisted by regulators.
Final Words:
Although Sussex County State Bank of Franklin is no longer operational and no longer trades on US markets after being de-listed in 2007, investors should still be familiar with the basic details regarding this financial institution's past activities prior to being delisted as this history can provide valuable insight into other similar banks operating today.
