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The latest news in the continuing Tamalpais Bank saga comes from Jenna Loceff of the North Bay Business Journal: The NASDAQ has notified the bank that it risks losing its stock-market listing, due to its extended spelunking trip below the $1.00 minimum per share bid.
Tam Bank has until September to rise above the floor price or face NASDAQ’s guillotine. Of course, the FDIC might just beat them to the punch … by six months. Time to sell that half-finished subdivision!
For our previous coverage of Tamalpais, click here, here, here, and here.
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This entry was posted on Thursday, March 18th, 2010 at 5:59 pm and is filed under High Finance and Misdemeanors. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.
Thanks for linking to our site. I appreciate all the coverage on this topic. One quick point. We are the North Bay business Journal, not Times. Thanks!
Jenna
The correction has been made. I apologize for the error.
Thank you.
You should call me.
Jenna
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