Britton & Koontz Capital Announces Intention To Delist From NASDAQ And Deregister Its Common Stock

    Britton & Koontz Capital Announces Intention To Delist From NASDAQ And
                         Deregister Its Common Stock

PR Newswire

NATCHEZ, Miss., June 29, 2012

NATCHEZ, Miss., June 29, 2012 /PRNewswire-FirstCall/ --The Board of Directors
of Britton & Koontz Capital Corporation (Nasdaq: BKBK, "B&K Capital" or "the
Company"), the parent company of Britton & Koontz Bank, N.A., announced that
it has today notified the NASDAQ Stock Market of its intent to voluntarily
delist its common stock from the NASDAQ Capital Market and to file a Form 25,
Notification of Removal from Listing and/or Registration, with the Securities
and Exchange Commission ("SEC") on or about July 10, 2012. The Company
anticipates that its common stock will trade on the over-the-counter markets
following the completion of its delisting from the NASDAQ Capital Market.

Subsequent to the effective date of delisting, the Company also intends to
take the necessary action to deregister its common stock under Sections 12(g)
and 15(d) of the Securities Exchange Act of 1934, as amended by the Jumpstart
Our Business Startups Act (commonly referred to as the JOBS Act). The Company
is eligible to deregister because it has fewer than 1,200 holders of record of
its common stock. The Company expects that its obligation to file periodic
reports with the SEC such as Annual Reports on Form 10-K, Quarterly Reports on
Form 10-Q and Current Reports on Form 8-K, will be suspended after the
deregistration of its common stock under Sections 12(g) and 15(d) is
effective.

The Board of Directors determined that delisting and deregistration of the
Company's common stock is in the best interests of the Company and its
shareholders based on a number of factors, including (a) the
disproportionately high costs to a community bank of preparing and filing
periodic reports with the SEC and complying with NASDAQ listing rules, (b) the
accounting, audit, legal and other costs and expenses associated with being a
public company, (c) the demands placed on Company management and other
personnel to comply with SEC reporting requirements, and (d) the historically
low trading volume in the Company's common stock.

"Our desire to achieve substantial savings from reduced accounting, legal and
administrative costs associated with being a public company drove our decision
to delist and deregister our common stock," said W. Page Ogden, Chief
Executive Officer of the Company. "These savings will directly benefit the
Company's earnings and regulatory capital."

Britton & Koontz Capital Corporation, headquartered in Natchez, Mississippi,
is the parent company of Britton & Koontz Bank, N.A. which operates three full
service offices in Natchez, two in Vicksburg, Mississippi, and three in Baton
Rouge, Louisiana, and a loan production office in Central, Louisiana. As of
March 31, 2012, the Company reported assets of $356.5 million and equity of
$39.3 million. The Company's stock is traded on NASDAQ under the symbol BKBK
and the transfer agent is American Stock Transfer & Trust Company. Total
shares outstanding at March 31, 2012, were 2,138,466.

https://www.bkbank.com

SOURCE Britton & Koontz Capital Corporation

Website: https://www.bkbank.com
Contact: W. Page Ogden, President & CEO, or William M. Salters, Treasurer &
CFO, +1-601-445-5576, +1-601-445-2481 Fax, corporate@bkbank.com
 
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