Nasdaq to delist shares of Frontier Financial

NEW YORK — The Nasdaq Stock Market on Thursday said it will delist the common stock of Frontier Financial Corp., a month after the bank was seized by regulators.

Trading in shares of Everett, Wash.-based Frontier Financial was suspended May 12, two weeks after the bank was closed by state and federal officials.

The Federal Deposit Insurance Corp. arranged for Union Bank of San Francisco to assume all of Frontier's deposits and other assets.

Nasdaq will file a Form 25 with the Securities and Exchange Commission to complete the delisting, which will become effective 10 days later.