December 14, 2009 (FinancialWire) — Anchor BanCorp Wisconsin Inc. (NASDAQ: ABCW) said it received a letter on December 4, 2009 from the NASDAQ Stock Market (NASDAQ).

The letter stated that the company was not in compliance with NASDAQ Marketplace Rule 5450(a) (1) because the bid price of the company’s common stock closed below the required minimum $1.00 per share for the previous 30 consecutive business days. The NASDAQ letter has no immediate effect on the listing of the company’s common stock.

In accordance with NASDAQ rules, the company has a period of 180 calendar days, until June 2, 2010, to regain compliance with the minimum bid price rule. If at any time before June 2, 2010, the bid price of the company’s common stock closes at $1.00 per share or more for a minimum of 10 consecutive business days, NASDAQ will notify the company that it has regained compliance with the minimum bid price rule.

In the event the company does not regain compliance with the Rule prior to the expiration of the 180-day period, NASDAQ will notify the company that its securities are subject to delisting. However, the company may appeal the delisting determination to a NASDAQ hearing panel. At this hearing, the company would present a plan to regain compliance and NASDAQ would then subsequently render a decision. The company is currently evaluating its alternatives to resolve the listing deficiency.

Anchor BanCorp’s stock is traded on the NASDAQ exchange under the symbol ABCW. AnchorBank fsb, the wholly owned subsidiary, has more than 70 offices. All are located in Wisconsin.

Free annual reports and company filings for companies mentioned in the news are available through the Investrend Information Syndicate (at http://investrend.ar.wilink.com/?level=279). Recently issued reports and filings include Bravo Venture Group Inc. (TSX Venture: BVG), Bellway PLC (London Stock Exchange: BWY) (OTC: BLWYF), Chase Corp. (AMEX: CCF), Continental Materials Corp. (AMEX: CUO), Amcon Distributing Company (AMEX: DIT), Eaton Vance Enhanced Equity Income Fund (NYSE: EOI), Majedie Investments PLC (London Stock Exchange: MAJE), Morgan Stanley Income Securities, Inc. (NYSE: ICB), Grainger PLC (London Stock Exchange: GRI) (OTC: GRTGF), Eaton Vance Insured Municipal Bond Fund (AMEX: EIM), PIMCO High Income Fund (NYSE: PHK) and Shaw Communications, Inc. (NYSE: SJR).

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