December 30, 2009 (FinancialWire) — TierOne Corp. (NASDAQ: TONE) said it has received a letter from the NASDAQ Stock Market advising that, because the company has not maintained a minimum bid price of $1 per share for the previous 30 consecutive business days, it is not in compliance with the listing requirement under NASDAQ Marketplace rules.

In accordance with NASDAQ Marketplace rules, the company has 180 calendar days, or until June 28, 2010, to regain compliance with the minimum bid rule.

TierOne is the parent company of TierOne Bank, a federally chartered savings bank that provides a range of consumer, commercial and agricultural banking products and services through a network of 69 banking offices located in Nebraska, Iowa and Kansas.

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