Tennessee Commerce Bancorp Inc. in Franklin said Thursday that issues surrounding a compensation committee vote removed the danger of its being delisted from the Nasdaq Stock Market.
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Nasdaq's listing qualifications department withdrew a letter sent Oct. 10 about Tennessee Commerce's alleged noncompliance with the exchange's rules on the makeup of a public company's compensation committee.
A hearing before the exchange's listing qualification panel was canceled, and the stock will continue to be listed.
