SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the

Securities Exchange Act of 1934

Date of Report (Date of Earliest Event Reported): ~~October~~September 267, 2011

000-24478		38-3073622
(Commission File No.)		(IRS Employer Identification No.)

DEARBORN BANCORP, INC.

(Exact name of registrant as specified in its charter)

1360 Porter Street, Dearborn, MI


000-24478		38-3073622
(Commission File No.)		(IRS Employer Identification No.)

1360 Porter Street, Dearborn, MI		48124
(Address of Principal Executive Offices)		(Zip Code)

(Address of Principal Executive Offices)

48124

(Zip Code)

(313) 565-5700

(Registrant’s Telephone Number, Including Area Code)

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 8.01. ~~Soliciting~~Other ~~material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240~~Events.~~14a-12)~~

¨On ~~Pre-commencement~~September 8, ~~communications~~2011, ~~pursuant~~Fidelity toBank ~~Rule~~(“Bank”), ~~14d~~a wholly-2owned subsidiary of Dearborn Bancorp, Inc. (b“Company”), received ~~under~~a ~~the~~Supervisory ~~Exchange~~Prompt ~~Act~~Corrective Action Directive (17“Directive”) ~~CFR~~from ~~240.14d-2~~the Federal Deposit Insurance Corporation (b“FDIC”)), dated September 7, 2011, due to the Bank’s “significantly undercapitalized” status under regulatory capital guidelines. The Directive became public on October 28, 2011 subject to the FDIC release of September 2011 Enforcement Actions.

¨The ~~Pre-commencement~~Directive ~~communications~~requires ~~pursuant~~that towithin ~~Rule~~45 ~~13e-4~~days of the effective date of the Directive, or October 22, 2011, the Bank must (c1) increase ~~under~~the volume of capital to a level sufficient to restore the ~~Exchange~~Bank to ~~Act~~an ~~(17~~“adequately ~~CFR~~capitalized” ~~240.13e-4~~category under regulatory capital guidelines and/or (c2)) accept an offer to be acquired by a depository institution holding company or combine with another insured depository institution.

~~Item~~The Bank has revised and submitted a new capital restoration plan to the FDIC on September 323, 2011.01 The Bank continues to act upon strategic alternatives to raise capital and restructure its balance sheet to satisfy this requirement of the Directive. ~~Notice~~However, while we are confident in our operations, given the number of ~~Delisting~~other orinstitutions ~~Failure~~seeking equity for similar reasons in the current market, there are no assurances that we will be able to ~~Satisfy~~complete aany ~~Continued~~such ~~Listing~~transaction ~~Rule~~within the time period required or ~~Standard;~~upon ~~Transfer for~~favorable ~~Listing~~terms.

OnThe ~~October 26,~~foregoing ~~2011,~~description ~~Dearborn~~is ~~Bancorp,~~only ~~Inc.~~a ~~(the~~summary ~~“Company”)~~of ~~received~~the ~~written~~material ~~notice~~items ~~from~~of ~~The Nasdaq Stock Market (“Nasdaq”) notifying~~ the ~~Company~~Directive ~~that~~and it is ~~currently~~qualified ~~not~~ in ~~compliance~~its ~~with~~entirety ~~Nasdaq’s~~by ~~continued~~reference ~~listing~~to ~~requirement~~the ~~under~~full ~~Marketplace~~text ~~Rule 5450(a)(1)~~of (the ~~“Bid~~Directive, ~~Price~~a ~~Rule”)~~copy ~~because~~of ~~the~~which ~~bid~~is ~~price~~attached ~~for~~as ~~its common~~Exhibit ~~stock~~99.1 ~~has~~to ~~closed~~this ~~below~~report ~~$1.00~~and ~~per~~is ~~share~~incorporated ~~for~~herein 30by ~~consecutive business days~~reference. InOn ~~accordance with Marketplace Rule~~October ~~5810(c)(3)(A)~~28, ~~the Company has until April 23~~2011, ~~2012 to regain compliance with~~ the ~~Bid~~FDIC ~~Price~~has ~~Rule~~made ora becopy ~~subject~~of ~~to delisting from~~ the ~~Nasdaq~~Directive ~~Global~~available ~~Select~~on ~~Market. If, prior to April 23, 2012,~~ the ~~bid price of the Company~~FDIC’s ~~common~~website ~~stock closes~~ at $1www.00fdic.gov ~~per~~. ~~share~~The orcontents ~~higher~~of ~~for at least 10 consecutive business days,~~ the ~~Company~~FDIC ~~may~~website ~~regain~~are ~~compliance~~not ~~with~~incorporated ~~the Bid Price~~by ~~Rule~~reference ~~and~~into ~~not~~this ~~be subject to delisting at that time~~filing.

~~If compliance with the Bid Price Rule cannot be established prior to April~~Item ~~23, 2012, the Company’s common stock will be subject to delisting from the Nasdaq Global Select Market~~9.01 ~~The~~— ~~Company~~Financial ~~may,~~Statements ~~however, be eligible for an additional grace period if it satisfies the initial listing standards (with the exception of the Bid Price Rule) for listing on The Nasdaq Capital Market,~~ and itExhibits submits a timely application to Nasdaq to transfer the listing of its common stock to the Nasdaq Capital Market. The Company will continue to evaluate its options with respect to maintaining the listing of its common stock on the Nasdaq stock market.

(d)

Exhibits


Exhibit No.		Exhibit Description

99.1		FDIC Supervisory Prompt Corrective Action Directive, dated September 7, 2011

SIGNATURES

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

Dearborn Bancorp, Inc.

(Registrant)

/s/ Jeffrey L. Karafa

Jeffrey L. Karafa

Treasurer and Chief Financial Officer

Date: October 2728, 2011

Filing Compare · DEARBORN BANCORP INC /MI/