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
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of Earliest Event Reported): December 28, 2009
| 000-24478 (Commission File No.) | 38-3073622 (IRS Employer Identification No.) |
DEARBORN BANCORP, INC.
(Exact name of registrant as specified in its charter)
1360 Porter Street, Dearborn, MI
(Address of Principal Executive Offices)
(Address of Principal Executive Offices)
48124
(Zip Code)
(Zip Code)
(313) 565-5700
(Registrant’s Telephone Number, Including Area Code)
(Registrant’s Telephone Number, Including Area Code)
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:
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 3.01. Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer for Listing.
On December 28, 2009, the Company received written notice from The Nasdaq Stock Market (“Nasdaq”) notifying the Company that it is currently not in compliance with the following Nasdaq continued listing requirement:
| • | Marketplace Rule 5450(b)(1)(C) which requires a minimum market value of publicly held shares of $5,000,000; |
The Company issued a press release on December 30, 2009 that disclosed its receipt of this notice from Nasdaq. A copy of the press release is furnished herewith as Exhibit 99.1.
The Company previously reported its receipt on December 2, 2009, of written notice from Nasdaq indicating that the Company is not in compliance with Nasdaq’s continued listing requirement under Marketplace Rule 5450(a)(1) which requires a minimum bid price for common stock of $1.00 per share.
Item 9.01. Financial Statements and Exhibits
(d) Exhibits
| 99 | Registrant’s December 30, 2009 Release announcing Nasdaq Non-Compliance Notice |
SIGNATURES
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 thereunto duly authorized.
| Dearborn Bancorp, Inc. (Registrant) | ||||
| /s/ Jeffrey L. Karafa | ||||
| Jeffrey L. Karafa | ||||
| Treasurer and Chief Financial Officer | ||||
Date: December 30, 2009
EXHIBIT INDEX
| Exhibit No. | Description | |
| Exhibit 99.1 | Press Release dated December 30, 2009. |