Email: 
Password: 
Register
Local News Special Report Up Close Regular Features Special Publications  
Featured Stories:  
Plastic parts maker adds to Cd'A plant            |            Combined MSA stats now likely            |            Olive Garden to open at Northpointe            |            Policy center will add to debate here            |            Hollister-Stier grows work force            |            Making the write turn            |            Commerce park planned at Playfair            |            INB chief sees return to black ink            |            IT-Lifeline, Red Lion eye disaster plan            |            Central Pre-Mix seeks rezone near racetrack            |            Inland Power & Light's net margins, revenue rise            |            Vandervert groups plan Tri-Cities projects            |            WashTrust posts sharply lower profit for '09            |            TicketsWest center starts telecommuting            |            Office project planned on West Plains            West Side startup sees big value in buying troubled loans            |            Global posts loss for 2009, boosts loan-loss provision            |            State Bank Northwest posts $1.2 million loss; loans fall            |            Numerica's net income falls, but loans and deposits rise            |            Lenders see upswing in market ahead            |            Horizon's 2009 net falls; loans, deposits, assets rise            |            Mortgage insurance rules tighten; borrowers go FHA            |            Bigger budget, more loans            Consolidated Supply to get bigger quarters            |            Real Estate Roundup            |            Wal-Mart store rises in Post Falls - Art Only            |            Plumbing goes green            |            Mortgage company to move to larger quarters in Valley            |            Port of Columbia reveals tentative plans for Dayton organic-food park            |            Payday lending associated with neighborhood crime            |            Avista helps customers get ready for required reports            |            Water quality plan for river moves to EPA for approval            |            Educating consumers who want to generate their own juice            |            Green-minded hotel guests don't show it           

Search the Journal

Journal of Business

Subscriber Services

Ad Services

Editor's Desk

About Us
Email Updates


Get the news as it happens, with our E-mail Update.

When breaking news happens, we rush it to you first. You get the news that matters, right now - not later, when your competition has its hands on it.

Our E-mail Update is free to paid Journal subscribers - SIGN UP NOW

03/04/2010
AmericanWest plans to delist its common stock ...

AmericanWest Bancorporation, the Spokane-based parent company of AmericanWest Bank, announced today that it has notified Nasdaq of its intent to voluntarily delist its common stock. Nasdaq had notified AmericanWest last September that the minimum bid price of AmericanWest's common stock had fallen below $1 a share for 30 consecutive business days, putting it out of compliance with Nasdaq rules, and that it had until March 15 to regain compliance to avoid delisting. AmericanWest said it considered available strategies to cure the deficiency, as well as the costs of Nasdaq listing and compliance, the limited trading volume for its stock, and other factors, and decided that keeping its stock listed wasn't in its best interests. Its stock closed today at 42 cents a share. The company said it expects to file the necessary delisting paperwork with the Securities and Exchange Commission on March 14 and that the trading of its common stock will be suspended when market trading opens the next day.