Brooklyn Federal Bancorp ( BFSB) Company Profile: Brooklyn Federal operates as the holding company for Brooklyn Federal Savings Bank, which provides various banking products and services in Brooklyn, Nassau, and Suffolk, New York Current Share Price: 66 cents (March 29) Listing Violation: Bid price. The listing rule requires that a company maintains a minimum closing bid price of $1 per share for its common stock. Brooklyn Federal shares last closed above $1 on Jan. 19. Brooklyn Federal has been hit with several delisting warnings over the past few months, relating to its market value of publicly held shares and delinquency in filing its 10-K for the quarter ended Sept. 30 and 10-Q report. Received Nasdaq Notice: March 7 Management's Expected Action: The company has until Sept. 6 to regain compliance with the minimum bid price requirement. Brooklyn Federal said the filings of its 10-K and 10-Q have been delayed due to the resignation of the company's independent registered public accounting firm on Dec. 20. The audit committee engaged a new registered public accounting firm, but it has completed only the initial stages of the 10-K audit. Meanwhile, Brooklyn Federal has until July 11 to regain compliance with the requirement for a minimum market value of publicly held stock of $5 million.