Attached files
| file | filename |
|---|---|
| 8-K - TIERONE CORP | v183392_8-k.htm |
| EX-99.2 - TIERONE CORP | v183392_ex99-2.htm |
Exhibit
99.1
April 30,
2010
Edward J.
Swotek, Senior Vice President
Immediately
TierOne
Bank’s Transaction with Great Western Bank Denied
LINCOLN,
NE – April 30, 2010 - TierOne Corporation (NASDAQ: TONE) (“Company”),
the holding company for TierOne Bank (“Bank”), announced that the Company and
the Bank received notification today from the Office of Thrift Supervision
(“OTS”), the Bank’s primary regulator, that the Bank’s application to sell
deposits, selected loans and other assets associated with 32 of the Bank’s
branch offices to Great Western Bank has been denied.
Under the
terms of the Branch Purchase Agreement between the Bank and Great Western Bank,
OTS approval was a condition to closing the transaction. As a result,
the transaction contemplated by the Branch Purchase Agreement cannot be
completed.
Corporate
Profile
TierOne
Corporation is the parent company of TierOne Bank, a $2.9 billion federally
chartered savings bank headquartered in Lincoln, Nebraska. Founded in
1907, TierOne Bank offers customers a wide variety of full-service consumer,
commercial and agricultural banking products and services through a network of
69 banking offices located in Nebraska, Iowa and Kansas.
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CONTACT:
|
Edward
J. Swotek, Senior Vice President
Investor
Relations Department
(402)473-6250
investorrelations@tieronecorp.com
|
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