Delisting Determination,The Nasdaq Stock Market, LLC,
November 10, 2011, Commonwealth Bankshares, Inc. The Nasdaq
Stock Market, Inc. (the Exchange) has determined to remove
from listing the common stock of Commonwealth Bankshares, Inc.
(the Company), effective at the opening of the
trading session on November 21, 2011. Based on review of information
provided by the Company, Nasdaq Staff determined that the
Company no longer qualified for listing on the Exchange
pursuant to Listing Rules 5101, 5110(b), and IM-5101-1.
The Company was notified of the Staffs determination on
September 26, 2011. The Company did not appeal the Staff
determination to the Hearings Panel, and the Staff
determination to delist the Company became final on
October 5, 2011.