MEDFORD, OR--(Marketwire - September 14, 2010) - PremierWest Bancorp (NASDAQ: PRWT) announced that The NASDAQ Stock Market LLC ("Nasdaq") has granted a time extension to comply with the $1.00 per share minimum bid price required for continued listing on The Nasdaq Capital Market. The extension provides PremierWest an additional 180 days ending March 10, 2011 to regain compliance.