INVESTOR NOTICE: Rosen Law Firm Reminds TierOne Corporation Investors Of Important July 20, 2010 Lead Plaintiff Deadline— TONE

The Rosen Law Firm reminds investors of the July 20, 2010 lead plaintiff deadline in the class action lawsuit on behalf of purchasers of TierOne Corporation (“TierOne” or the “Company”) (Pink Sheets: TONE) stock between August 8, 2008 and May 14, 2010, inclusive (the “Class Period”).

To join the TierOne class action, go to the website at http://www.rosenlegal.com or call Laurence Rosen, Esq. or Phillip Kim, Esq. toll-free at 866-767-3653 or email [e-mail] or [e-mail] for information on the class action.

NO CLASS HAS YET BEEN CERTIFIED IN THE ABOVE ACTION. UNTIL A CLASS IS CERTIFIED, YOU ARE NOT REPRESENTED BY COUNSEL UNLESS YOU RETAIN ONE. YOU MAY ALSO REMAIN AN ABSENT CLASS MEMBER AND DO NOTHING AT THIS POINT. YOU MAY RETAIN COUNSEL OF YOUR CHOICE.

The complaint charges that TierOne and certain of its present and former officers and directors violated the federal securities laws by issuing false and misleading financial information to investors. The complaint alleges that during the Class Period TierOne: (a) misrepresented its loan loss provision in its financial results; (b) issued false and misleading Sarbanes-Oxley certifications; (c) misrepresented that the Company’s internal controls were effective; and (d) misrepresented the circumstances surrounding the resignation of its independent auditor.

A class action lawsuit has already been filed on behalf of TierOne shareholders. If you wish to serve as lead plaintiff, you must move the Court no later than July 20, 2010. If you wish to join the litigation or to discuss your rights or interests regarding this class action, please contact plaintiff's counsel, Laurence Rosen, Esq. or Phillip Kim, Esq. of The Rosen Law Firm toll free at 866-767-3653 or via e-mail at [e-mail] or [e-mail].

The Rosen Law Firm focuses on prosecuting securities class action litigation and actions involving financial fraud. The Rosen Law Firm represents investors throughout the world concentrating its practice in securities class actions.