Integrity Financial Corporation Delays Filing of Form 10-Q
November 16 2004 - 11:06AM
PR Newswire (US)
Integrity Financial Corporation Delays Filing of Form 10-Q HICKORY,
N.C., Nov. 16 /PRNewswire-FirstCall/ -- Integrity Financial
Corporation (NASDAQ:IFCB) announced today that it would delay the
filing of its Quarterly Report on Form 10-Q for the nine months
ended September 30, 2004. The Company has determined that certain
loans made by its subsidiary banks may not have been properly
graded as to risk of collection. The Company is currently in the
process of assessing and re-grading these loans and, as a result,
the Company will record an unanticipated charge to earnings during
the third quarter ended September 30, 2004 in the form of an
additional provision for loan losses. This charge to earnings,
which has not yet been quantified, will impact the earnings results
previously reported on the Company's Current Report on Form 8-K
filed on November 2, 2004. DATASOURCE: Integrity Financial
Corporation CONTACT: Bob Clary of Integrity Financial Corporation,
+1-828-315-6216
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