UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 OR 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) March 4, 2010
AMERICANWEST BANCORPORATION
(Exact name of registrant as specified in its charter)
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| Washington | | 0-18561 | | 91-1259511 |
(State or other jurisdiction of incorporation) | | (Commission File Number) | | (IRS Employer Identification No.) |
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| 41 W. Riverside Avenue, Suite 400, Spokane, WA | | 99201 |
| (Address of principal executive offices) | | (Zip Code) |
Registrant’s telephone number, including area code (509) 467-6993
(Former name or former address, if changed since last report.)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
| ¨ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
| ¨ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
| ¨ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
| ¨ | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Section 3 – Securities and Trading Markets
| Item 3.01 | Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing |
On September 15, 2009, the Company received a written notification from NASDAQ of non-compliance with Marketplace Rule 5450(a)(1) because the bid price for the Company’s common stock was below the $1.00 per share minimum requirement for a period of 30 consecutive trading days. After consideration of available remedies to cure this deficiency, the Company has concluded that efforts to secure a continuation of the NASDAQ listing of its common stock were not in its best interests. The Company notified NASDAQ on March 4, 2010 of the Company’s intention to voluntarily delist its common stock, and expects to file a Form 25 with the SEC and NASDAQ on or about March 14, 2010 and that trading of its common stock will be suspended at the open of market trading on the following day. A copy of the Company’s press release describing the reasons for its decision and details of the notification is attached as Exhibit 99.1.
Section 9 – Financial Statements and Exhibits
| Item 9.01 | Financial Statements and Exhibits |
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| (d) Exhibit No. | | Exhibit Description |
99.1 | | Press Release dated March 4, 2010, titled “AmericanWest Bancorporation Announces Voluntary NASDAQ Delisting of Its Common Stock” |
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
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| | AMERICANWEST BANCORPORATION, |
| | a Washington Corporation |
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| Dated: March 4, 2010 | | /s/ Patrick J. Rusnak |
| | Patrick J. Rusnak |
| | Chief Executive Officer |
