TierOne Corporation operates as the holding company for TierOne Bank that provides a range of consumer, commercial, and agricultural banking products and services in the United States. The companys deposit products include interest and noninterest-bearing checking, money market, savings, time deposits, and individual retirement accounts. Its lending portfolio comprises real estate loans, such as one-to-four family residential, second mortgage residential, multi-family residential, commercial real estate, land and land development, residential construction, commercial construction, and agriculture loans; warehouse mortgage lines of credit; and consumer loans, including home equity and home improvement loans, and home equity lines of credit. In addition, the company provides a range of investment and insurance products, equity securities, mutual funds, and annuities through licensed representatives, as well as reinsures credit life and disability insurance. Further, it provides agricultural customers with professional farm and ranch management, and real estate brokerage services. As of May 21, 2009, TierOne Corporation operated through a network of 69 banking offices in Nebraska, Iowa, and Kansas. The company was founded in 1907 and is headquartered in Lincoln, Nebraska.
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%Held by Insiders 30.38% %Held by Institutions 8.90%
bullitt49
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I know this is being de-listed from the Nasdaq, why the huge drop off in price. At .21 cents with a low o/s and float, this should be worth more.