Temecula Valley Bancorp Inc. Receives Notice from NASDAQ Confirming Delisting
July 22 2009 - 4:32PM
Business Wire
Temecula Valley Bancorp Inc. (NASDAQ: TMCV) (NASDAQ: TMPR) (the
�Company�) announced today that on July 21, 2009, the Company
received a NASDAQ Staff Determination letter (the �Letter�)
notifying the Company that as a result of concerns about the
Company�s ability to sustain compliance with all of the
requirements for continued listing on NASDAQ, principally due to
the closure of Temecula Valley Bank, the Company�s principal
operating subsidiary, NASDAQ Staff had made a determination to
delist the Company�s common stock and the Temecula Valley Statutory
Trust VI trust preferred securities (�Trust VI Securities�) from
The Nasdaq Stock Market. The Company does not intend to appeal the
delisting decision. As a result, trading will continue to be halted
in the Company�s common stock and the Trust VI Securities until
trading is suspended on July 30, 2009. A Form 25-NSE will then be
filed with the Securities and Exchange Commission, which will
remove the Company�s common stock and the Trust VI Securities from
listing and registration on The Nasdaq Stock Market.
The Letter advised us that the Company�s common stock would not
be immediately eligible to trade on the OTC Bulletin Board or in
the �Pink Sheets.�
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