UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 8-K

Current Report
Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934


Date of Report (Date of earliest event reported):                                                                                            September 15, 2009

Pacific State Bancorp
(Exact name of registrant as specified in its charter)

California
0-49892
61-1407606
(State or other jurisdiction
of incorporation)
(Commission
File Number)
(IRS Employer
Identification No.)


1899 W. March Lane
Stockton, California
95207
(Address of principal executive offices)
(Zip Code)

Registrant's telephone number, including area code:    (209) 870-3214



(Former name or former address, if changed since last report.)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions):

[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 
 
 

Section 3                      Securities and Trading Markets

Item 3.01.                      Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing

On September 15, 2009, the Company received notice from the Nasdaq Stock Market that the Company no longer met the requirements for listing on the Nasdaq Global Market. Specifically, the Company did not meet the requirement of Nasdaq Listing Rule 5450(b)(1)(C), which requires a Company whose primary equity is listed on the Nasdaq Global Market to maintain a minimum of $5,000,000 in market value of publicly held shares. Under other Nasdaq Rules, the Company has until December 14, 2009 to regain compliance: alternatively, the Company may apply to transfer the Company’s common stock to The Nasdaq Capital Market. The approval of any such application would be dependent upon the Company meeting the listing standards for The Nasdaq Capital Market.  The Company believes it currently meets the listing standards for The Nasdaq Capital Market.


Section 9
–
Financial Statements and Exhibits
     
Item 9.01
 
Financial Statements and Exhibits
     
   
 

 

 
 
 


SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.



Pacific State Bancorp
(Registrant)


Date:  September 21, 2009                                                                   By: Justin Garner                                                    
                                                                                                                        Justin Garner
       Vice President and Chief Financial Officer


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