UNITED STATESSECURITIES AND EXCHANGE ~~COMMISSION~~COMMISSIONWashington, D.C. 20549FORM 8-KCURRENT REPORTPursuant to Section 13 or 15(d) of theSecurities Exchange Act of 1934

~~Washington~~November 18, ~~D.C.~~2009 ~~20549~~ Date of Report (Date of earliest event reported)

~~FORM~~Sun ~~8-K~~ American Bancorp (Exact Name of Registrant as Specified in Charter)

CURRENT REPORT

Delaware

0-22911

65-032364

(State or Other
Jurisdiction of Incorporation)

(Commission File Number)

(IRS Employer

Identification No.)

~~Pursuant~~9293 toGlades ~~Section 13~~Road ORBoca 15Raton, Florida 33434 (d)Address ~~ofThe~~of ~~Securities~~Principal ~~Exchange~~Executive ~~Act~~Offices) of(Zip ~~1934~~ Code)

~~Date~~(561) of544-1908 ~~Report~~ (~~Date~~Registrant’s oftelephone ~~earliest~~number, ~~event~~including ~~reported)~~area ~~September 21, 2009~~ code)

Check the ~~Sun~~ appropriate ~~American~~box ~~Bancorp~~below if the Form 8-K filing is intended to ~~(Exact~~ simultaneously ~~name~~satisfy the filing obligation of the registrant asunder ~~specified~~any of inthe ~~its~~following ~~charter~~provisions (see General Instruction A.2. below):

Delaware		0-22911		65-032364
(State or other jurisdictionof incorporation)		(Commission File Number)		(IRS Employer Identification No.)

⃞ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

	9293 Glades Road, Boca Raton, Florida		33434
	(Address of principal executive offices)		(Zip Code)

⃞ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

⃞ ~~Registrant's~~ Pre-commencement communications ~~telephone~~pursuant ~~number,~~to ~~including~~Rule ~~area code:~~ 14d-2(~~561~~b) ~~544~~under the Exchange Act (17 CFR 240.14d-~~1908~~2(b))

⃞ Pre-commencement ~~________________________________________________________________________________ (Former~~ communications ~~name~~pursuant orto ~~former~~Rule ~~address,~~13e-4(c) ifunder ~~changed~~the ~~since~~Exchange ~~last~~Act ~~report~~(17 CFR 240.13e-4(c))

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
	[ ]	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
	[ ]	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
	[ ]	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
	[ ]	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 3.01. Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing.

(a) On November 18, 2009, Sun American Bancorp (the “Company”) ~~Item~~ received ~~3.01.~~a deficiency letter (the “Notice”) offrom ~~Delisting~~The orNasdaq ~~Failure~~Stock toMarket (“NASDAQ”) ~~Satisfy~~stating athat ~~Continued~~the ~~Listing~~Company’s ~~Rule~~stockholders’ orequity ~~Standard;~~for ~~Transfer~~the period ofended September 30, 2009 was less than the $10,000,000 minimum required for continued listing on The Nasdaq Global Market under Listing Rule 5450(b)(1)(A). As reported in the Company’s Form 10-Q for the quarter ended September 30, 2009, the Company’s stockholders’ equity was $6,651,394.

~~(a) On~~ In ~~September 21, 2009, Sun American Bancorp (~~the ~~"Company") received two deficiency letters (each, a "~~Notice~~" and together~~, the ~~"Notices")~~NASDAQ ~~from~~staff ~~The~~requested ~~Nasdaq Stock Market ("Nasdaq") informing the Company~~ that ~~it does not currently meet two continuing listing requirements of~~ the ~~Nasdaq Global Market because in the previous 30 consecutive trading days (i) the~~ Company's ~~common stock has not maintained a minimum market value of publicly held shares ("MVPHS") of $5~~provide,~~000,000~~ ~~as required for continued inclusion~~ on Nasdaq by Marketplace Listing Rule 5450(b)(1)(C), and (ii) the closing bid price of the Company's common stock has been below the $1.00 minimum bid price as required for continued listing on Nasdaq by Marketplace Listing Rule 5450(a)(1). ~~The Notice relating to the MVPHS deficiency states that the Company will be afforded 90 calendar days,~~ or ~~until~~before December 153, 2009, a plan to regain compliance with the minimum stockholders’ ~~market~~equity ~~value~~ requirement~~. In~~ ~~order to regain compliance, the MVPHS of the Company's common stock must be $5,000,000 or greater~~ for acontinued ~~minimum~~listing ofon ~~ten~~The ~~consecutive~~Nasdaq Global ~~trading days~~Market. ~~Additionally,~~ The ~~the~~NASDAQ Notice ~~relating~~provides to the ~~bid price deficiency states that the~~ Company ~~will be afforded 180 calendar days, or until March 15, 2010, to regain compliance~~ with the ~~minimum bid price requirement. In order~~ option to ~~regain~~submit ~~compliance, the closing bid price of the Company's common stock must be $1.00 or greater for~~ a ~~minimum~~plan ofto ~~ten consecutive business days. The Notices also provide that in the event the Company does not~~ regain compliance with ~~Marketplace~~NASDAQ ~~Rules~~or ~~5450(b)(1)(C) and 5450(a)(1) by the expiration of the respective 90-day and 180-day grace periods~~alternatively, ~~the Company will receive written notification that its common stock is subject~~ to ~~delisting.~~ ~~The~~ consider ~~Company~~applying ~~intends~~ to ~~actively~~transfer ~~monitor compliance with~~ the ~~MVPHS~~Company’s ~~and~~securities ~~closing bid price standards for its common stock and will consider all available options~~ to ~~resolve~~ the ~~deficiencies and regain compliance with the~~ Nasdaq Capital ~~minimum listing requirements~~Market. On ~~September~~The ~~22, 2009, the~~ Company ~~issued~~has anot ~~press~~decided ~~release~~which ~~announcing~~plan, ~~the~~if ~~receipt~~any, ofit intends ~~the~~to ~~Notices~~pursue ~~from~~at ~~Nasdaq.~~this ~~A copy of the press release is attached hereto as Exhibit 99~~time.~~1 and is incorporated herein by reference.~~

On November 24, 2009, the Company issued a press release announcing the ~~Item~~ receipt 9of the Notice from NASDAQ.~~01.~~ ~~Financial~~A ~~Statements~~copy of the press release is attached hereto as Exhibit 99.1 and ~~Exhibits~~is incorporated herein by reference.

~~(a)~~Item ~~Financial Statements of Business Acquired~~9. ~~Not applicable~~01. ~~(b)~~ ~~Pro Forma~~ Financial ~~Information. Not~~Statements ~~applicable. (c)~~and ~~Shell Company Transactions. Not applicable. (d)~~ Exhibits~~. Exhibit Number Exhibits 99.1 Press Release of the Company dated September 22, 2009~~

SIGNATURE

(a)	Financial Statements of Business Acquired.

	Not applicable.

(b)	Pro Forma Financial Information.

	Not applicable.

(c)	Shell Company Transactions.

	Not applicable.

(d)	Exhibits.

	Exhibit Number	Exhibits

	99.1	Press Release of the Company dated November 24, 2009

SIGNATURES ~~Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.~~

~~Sun~~ Pursuant ~~American~~to the ~~Bancorp~~requirements ~~(Registrant)~~of ~~September~~the 22Securities Exchange Act of 1934, ~~2009~~the ~~(Date)~~registrant has ~~/s/~~duly ~~MICHAEL~~caused E.this ~~GOLDEN~~report ~~Michael~~to E.be ~~Golden~~signed ~~President~~on ~~and~~its ~~Chief~~behalf ~~Executive~~by ~~Officer~~the undersigned hereunto duly authorized.

EXHIBIT INDEX

		SUN AMERICAN BANCORP


Date:	November 24, 2009	By:	/s/ Michael E. Golden
			Michael E. Golden
			President and Chief Executive Officer

EXHIBIT INDEX ~~99.1 Press Release of the Company dated September 22, 2009~~

99.1	Press Release of the Company dated November 24, 2009

Filing Compare · Sun American Bancorp