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CARV > SEC Filings for CARV > Form 8-K on 19-Oct-2011All Recent SEC Filings

Show all filings for CARVER BANCORP INC



Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard

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

On October 18, 2011, Carver Bancorp, Inc. (the "Company") received notice from The Nasdaq Stock Market that the staff had made a determination that the Company did not regain compliance with the Nasdaq Listing Rule requiring securities listed on The Nasdaq Global Market to maintain a minimum price per share of $1.00 by the October 17, 2011 deadline set forth in the staff's April 18, 2011 notification of non-compliance. The staff's determination serve as an additional basis, in connection with the determination issued on September 27, 2011, for suspending trading in the Company's common stock and filing a Form 25-NSE removing the Company's common stock from listing and registration on The Nasdaq Global Market.

The Company has appealed this determination in conjunction with its appeal of the staff determination issued on September 27, 2011. The appeal stays the delisting of the Company's common stock until such time as the Company has been afforded a hearing, which is currently scheduled for October 27, 2011.

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