Item 7.01. Regulation FD Disclosure.

On May 21, 2009, TierOne Corporation issued a press release announcing the re-election of Gilbert G. Lundstrom and Joyce Person Pocras to TierOne Corporation's Board of Directors. A copy of the press release is being furnished as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated into this Form 8-K by reference.

Item 9.01. Financial Statements and Exhibits.

The following exhibit is being furnished herewith:

99.1 Press Release of TierOne Corporation, dated May 21, 2009.

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