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The Nasdaq stock market has notified Tennessee Commerce Bancorp Inc. in Franklin that its shares could be delisted for its failure to file timely financial reports.
November 30 -
The Nasdaq has warned Broadway Financial Corp. that the company is in danger of being delisted from the exchange.
November 28 -
Two struggling community banks — Waccamaw Bancshares Inc. in Whiteville, N.C., and First Mariner Bancorp in Baltimore — have received letters from the Nasdaq Stock Market warning that their stocks could be removed from the exchange for failing to meet basic listing requirements.
May 23
Southern National Bancorp of Virginia (SONA) has received a warning from the Nasdaq that the McLean company is not in compliance with listing requirements after it failed to file an annual report.
The $612 million-asset company said Friday that it has not filed its 2011 annual report because it needs to restate its previously issued financial statements from 2009 and 2010. Southern National said there was an error in the initial accounting of its 2009 acquisition of Greater Atlantic Bank.
The company must submit a plan regain compliance within 60 days of the notification letter. The company expects to file its annual report next month.
