Anchor BanCorp in Madison, Wis., has regained compliance with Nasdaq listing requirements after its stock price rose in recent weeks.
The $3.8 billion-asset company said in a Securities and Exchange Commission filing Monday that it had received a letter from the stock market notifying it that it was no longer out of compliance. Nasdaq had warned Anchor in June that its stock could be delisted for failing to meet the market's minimum bid price requirement.
On Dec. 3, the stock closed above the $1 minimum for the first time in months. The company officially regained compliance on Dec. 17 after its shares had closed above $1 for 10 consecutive days. The stock closed Tuesday at $1.20.
