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Article: Harrington West Financial Group, Inc. Receives NASDAQ Notification, Considers Securities Listing Options, and Schedules the Harrington Bank Closing for November 6, 2009.
- Article from:
- Business Wire
- Article date:
- November 2, 2009
CopyrightCOPYRIGHT 2009 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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SOLVANG, Calif. -- Harrington West Financial Group, Inc. (NASDAQ:HWFG) (the "Company"), the holding company for Los Padres Bank, FSB and its division Harrington Bank, announced today that it had received a NASDAQ Staff Deficiency Letter indicating that it was not in compliance with NASDAQ Listing Rule 5450(b)(1)(C) because the Company's Market Value of Publicly Held Securities ("MVPHS") had fallen below $5.0 million for thirty (30) consecutive trading days. The Company has 90 calendar days to correct this deficiency, which grace period will expire on January 25, 2010. If the Company has not corrected the deficiency by the end of the grace period, the Company will receive ...