Waccamaw Granted Listing Extension; Must File Financial Statements by Sept. 27

Waccamaw Bankshares WBNK said today that its request for shares of its common stock to remain listed on The Nasdaq Stock Market has been granted on condition that all delinquent financial documents are filed with the Securities and Exchange Commission by Sept. 27. The Nasdaq Hearings Panel notified Waccamaw last week that its securities could be delisted if certain financial documents were not filed by the new deadline. In April, the Listing Qualifications Department of Nasdaq informed the company that it had not complied with listing regulations because it had not filed with the SEC its Annual Report on Form 10-K for 2010 or its Quarterly Report on Form 10-Q for the quarter ended March 31. "Nasdaq has been extremely patient and understanding of our situation," said Waccamaw President Geoff Hopkins. "We are doing everything possible to move along the process of filing our financial statements."