The New York Stock Exchange has informed Flagstar Bancorp Inc., Troy, Mich., that it no longer satisfied one of the exchange's standards for continued listing, namely that the closing price of its common stock was under $1 per share for 30 consecutive trading days ending on Dec. 9. Flagstar has 10 days to notify the NYSE of its intent to cure the pricing deficiency. Under NYSE policy, to cure this deficiency, Flagstar's common share price and the average share price over a consecutive 30-day trading period must exceed $1 per share within six months following receipt of the notice. On Dec. 16, Flagstar's common stock closed at $0.60 per share; its 52-week range is $0.40 to $9.12.
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