Cascade Financial Corp. in Everett, Wash., received a warning from the Nasdaq that it does not comply with the market's listing requirements.
In a filing Thursday with the Securities and Exchange Commission, the $1.6 billion-asset company said it received the notice from the Nasdaq on Sept. 2 because the market value of its publicly traded shares was below $5 million for 30 consecutive days.
Cascade has until March 1, 2011, to regain compliance with the Nasdaq's $5 million market value requirement. If Cascade fails to comply, its stock could be delisted. It could apply to transfer to the Nasdaq Capital Market, an exchange for smaller companies with less stringent requirements.