Anchor BanCorp Wisconsin Inc. in Madison has been warned by the Nasdaq that it no longer complies with listing requirements.
In a filing Thursday with the Securities and Exchange Commission, the $4.4 billion-asset Anchor said it received a letter from the Nasdaq on June 18 notifying the company that it had failed to meet the market's $1 minimum bid requirement for 30 consecutive days.
To regain compliance, Anchor's shares must trade above $1 for 10 consecutive days.
It has 180 days to regain compliance, or the stock could be delisted.
"The company is currently evaluating its alternatives to resolve the listing deficiency," Anchor said in the filing.
Anchor's shares, which had been hovering just above $1 for months, sank in April after the company's recapitalization efforts collapsed. This is the second time in six months that the company received a delisting notification. The shares closed Friday at 53 cents a share, down 11.5%.