Dearborn Bancorp Reports Non-Compliance With Nasdaq

Dearborn Bancorp, Inc. DEAR, the Holding Company for Fidelity Bank, today announced that it received a letter from The Nasdaq Stock Market on August 18, 2011, notifying the Company that it is currently not in compliance with the Nasdaq Marketplace Rule 5250(c)(1) because it had not filed its Form 10-Q for the period ended June 30, 2011 in a timely manner. Under Nasdaq rules, the Company has 60 calendar days, or until October 17, 2011, to submit a plan to regain compliance, and if accepted, Nasdaq can grant the Company an exception of up to 180 calendar days from the Form 10-Q filing due date, or until February 18, 2011, to regain compliance. The Company anticipates that it will file its plan to regain compliance within the 60 calendar day period.