Hindsight Market

The Graveyard › 1997

First Michigan Bank Corp

FMBC. · Banks · NASDAQ · in our data July 26, 1983 to September 30, 1997 (14.2 years)

The first trading day in our data for First Michigan Bank Corp is July 26, 1983 (its first day in our records, which may be later than its listing and is not its founding). At its peak, on September 30, 1997, the market valued it at $1.2 billion. It left the market without a crash, last trading at $41.38. Our data does not say why it stopped trading. Many companies end this way when they are bought, merged or taken private.

1983-071997-09
Peak market value$1.2 billionSeptember 30, 1997
Highest split-adjusted share price$41.38September 30, 1997
Last share price$41.38September 30, 1997
From its split-adjusted high to the end0.0%
Return over the days in our data+3049.6%with dividends, before the last trade
Worst single day-13.2%October 20, 1987

Share prices are adjusted for splits and other share changes, so the high and the last price compare like for like; the peak market value is as it was on the day. The return covers the trading days in our data only: it does not include what holders received, or lost, after the last trade (a merger payout, a bankruptcy), and it does not reach back before 1983.

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Also gone in 1997: Banks