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Vineyard National Bancorp: Vineyard National Bancorp Receives Letter From NASDAQ Regarding Previously Announced Delay in 10-K F

^{Published on 2009-04-09 12:24:13, Last Modified on 2009-04-09 12:24:57 - Market Wire}
 

CORONA, CA--(Marketwire - April 9, 2009) - Vineyard National Bancorp (NASDAQ: [ VNBC ]) (the "Company") announced today that on April 2, 2009, the Company received a NASDAQ Staff Determination letter notifying the Company that its failure to timely file its Annual Report on Form 10-K for the period ending December 31, 2008 (the "Form 10-K") constitutes a failure to satisfy the filing requirement for continued listing under NASDAQ Marketplace Rule 4310(c)(14) and, therefore, trading in the Company's securities is subject to suspension and delisting. The Company's common stock is listed on The NASDAQ Global Select Market.

About Vineyard National Bancorp

The Company is a $2.0 billion bank holding company headquartered in Corona, and the parent company of Vineyard Bank, N.A. ("Vineyard"). Vineyard, also headquartered in Corona, operates through 16 full-service banking centers and one regional financial center in the counties of Los Angeles, Marin, Orange, Riverside, San Bernardino, San Diego and Ventura, Calif. The Company's common stock is traded on the NASDAQ Global Select Market under the symbol "VNBC." For additional information on the Company visit [ www.vnbcstock.com ] or for additional information on Vineyard and to access internet banking, please visit [ www.vineyardbank.com ].

Forward-Looking Statements

Certain matters discussed herein may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and the Federal securities laws. Although the Company believes that the expectations reflected in such forward-looking statements are based upon reasonable assumptions it can give no assurance that its expectations will be achieved. Forward-looking information is subject to certain risks, trends and uncertainties that could cause actual results to differ materially from those projected. Many of these factors are beyond the Company's ability to control or predict. Important factors that may cause actual results to differ materially and could impact the Company and the statements contained herein can be found in the Company's filings with the Securities Exchange Commission including quarterly reports on Form 10-Q, current reports on Form 8-K and annual reports on Form 10-K. For forward-looking statements herein, the Company claims the protection of the safe harbor for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995 and other protections under the Federal securities laws. The Company assumes no obligation to update or supplement any forward-looking statements whether as a result of new information, future events or otherwise.