NEW YORK, May 21, 2015 /PRNewswire/ -- OTC Markets
Group Inc. (OTCQX: OTCM) today celebrates the one-year anniversary
of the launch of OTCQX® for Banks, an expansion of the OTCQX Best
Marketplace for established, investor-focused U.S. community and
regional banks.
Logo -
http://photos.prnewswire.com/prnh/20110118/MM31963LOGO
Launched on May 21, 2014, OTCQX
for Banks is designed to increase the visibility of small financial
institutions in the public markets through transparent trading,
wide distribution of their news and financial disclosure and
dedicated capital market support. To qualify, banks can
leverage their existing regulatory reporting standard. They
must also meet high financial standards, be current in their
reporting and appoint a Corporate Broker, a FINRA-member
broker-dealer specializing in trading in and advising banks, to
serve as their advisor.
Today, 69 banks and bank holding companies from 24 U.S. states
are traded on the OTCQX marketplace, including one bank that
de-listed from the NASDAQ Stock Market to join OTCQX and three
private banks that "went public" on OTCQX. These banks have an
aggregate market capitalization of $4.05
billion and combined assets of more than $38 billion. In addition, OTC Markets Group has
approved 10 Corporate Brokers to serve as advisors for banks on
OTCQX: Boenning & Scattergood, Inc., D.A. Davidson & Co., FIG Partners LLC, Hovde
Group LLC, Keefe Bruyette and Woods,
Inc., Monroe Financial Partners Inc., Raymond James & Associates, Inc., Sandler
O'Neill + Partners, L.P., StockCross Financial Services, Inc. and
Wedbush Securities.
"We are grateful for the strong support of OTCQX for Banks in
its first year," said R. Cromwell
Coulson, President and CEO of OTC Markets Group. "The
engagement of our OTCQX Founding Banks and advice of Corporate
Brokers, connected through technology and transparency, have
created a premium public market with tailored standards that expand
information availability, improve secondary trading and increase
visibility of community bank shares.
"We look forward to further supporting the information and
liquidity needs of bank investors and fostering the growth of
well-managed community banks in the public markets," continued
Coulson.
To see a one-year review of key statistics and highlights for
OTCQX for Banks, visit
http://www.otcmarkets.com/content/doc/OTCQX-for-Banks/A-One-Year-Review.
About OTC Markets Group Inc.
OTC Markets
Group Inc. (OTCQX: OTCM) operates Open, Transparent and Connected
financial marketplaces for 10,000 U.S. and global
securities. Through our OTC Link® ATS, we directly link a
diverse network of broker-dealers that provide liquidity and
execution services for a wide spectrum of securities. We
organize these securities into marketplaces to inform investors of
opportunities and risks: the OTCQX® Best Marketplace; the OTCQB®
Venture Marketplace; and the OTC Pink® Open Marketplace. Our
data-driven platform enables investors to easily trade through the
broker of their choice at the best possible price and empowers a
broad range of companies to improve the quality and availability of
information for their investors. To learn more about how we create
better informed and more efficient financial marketplaces, visit
www.otcmarkets.com.
OTC Link ATS is operated by OTC Link LLC, member FINRA/SIPC and
SEC regulated ATS.
Subscribe to the OTC Markets RSS Feed
Media Contact:
Saskia
Sidenfaden, OTC Markets Group Inc., +1 (212) 896-4428,
saskia@otcmarkets.com
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/otcqx-for-banks-celebrates-one-year-anniversary-300086953.html
SOURCE OTC Markets Group Inc.