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Published on 10/31/2008 in the Prospect News Distressed Debt Daily.

Brooke CEO, CFO resign; company gets delisting notice

By Caroline Salls

Pittsburgh, Oct. 31 - Brooke Corp. chief executive officer Carl Baranowski resigned on Monday, according to an 8-K filed with the Securities and Exchange Commission.

Brooke said Baranowski is still serving as its senior vice president and general counsel, as well as the president of Brooke Bancshares, Inc, the direct parent of Generations Bank.

Chief financial officer Travis W. Vrbas has also resigned.

In addition, the company received notice of delisting of its common stock from Nasdaq on Thursday.

Based in Overland Park, Kan., Brooke is a holding company for insurance and banking services distribution companies. The company filed for bankruptcy on Oct. 28, and its Chapter 11 case number is 08-22786.


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