Waccamaw Bankshares (fka WBNK)

[56Chevy]

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

On November 21, 2011, Waccamaw Bankshares, Inc. (the “Company”), received notice from the Nasdaq Hearings Panel (the “Panel”) that the Panel has determined that the Company’s securities will be delisted from the Nasdaq Stock Market, effective at the open of business on November 23, 2011. The Company appeared before the Panel on August 4, 2011, for failure to file its Annual Report on Form 10-K for the fiscal year ended December 31, 2010, and its Quarterly Report on Form 10-Q for the quarterly period ended March 31, 2011, in violation of Nasdaq Listing Rule 5250(c)(1). The Company subsequently received deficiency letters from the staff of the Nasdaq Listing Qualifications Department regarding its failure to file its Quarterly Reports on Form 10-Q for the quarterly periods ended June 30, 2011, and September 30, 2011. The Panel considered these additional deficiencies in its decision.

After the hearing, the Panel decided to continue the Company’s listing on the condition that the Company file all of its delinquent periodic filings by December 5, 2011. On November 18, 2011, the Company informed the Panel that it would not be able to meet the December 5, 2011, deadline for filing its delinquent periodic reports. In light of these circumstances, the Panel has determined to delist the Company’s securities from the Nasdaq Stock Market and will suspend trading in the Company’s shares effective at the open of business on Wednesday, November 23, 2011. The Nasdaq Stock Market will thereafter complete the delisting by filing a Form 25-NSE Notification of Delisting with the Securities and Exchange Commission.

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The ticker is now WBNK.PK