Item 3.01. Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing.

On September 25, 2012, First Security Group, Inc. (the "Company") received notice from the Listing Qualifications Staff (the "Staff") of The NASDAQ Stock Market LLC ("NASDAQ") indicating that the Staff had determined to delist the Company's securities from NASDAQ based upon the Company's non-compliance with the minimum $5 million market value of publicly held shares requirement, as set forth in NASDAQ Listing Rule 5450(b)(1)(C), for continued listing on The NASDAQ Global Select Market (the "Staff Determination").

The Company plans to request a hearing before the NASDAQ Listing Qualifications Panel (the "Panel"), which will stay any action arising from the Staff Determination until the Panel renders a decision subsequent to the hearing. While the Company is diligently working to regain compliance with the applicable listing standards, there can be no assurance that the Panel will grant the Company's request for continued listing on NASDAQ.