NEW YORK, June 12, 2015 /PRNewswire/ -- OTC Markets
Group Inc. (OTCQX: OTCM), operator of Open, Transparent and
Connected financial marketplaces, today announced Independent
Alliance Banks, Inc. (OTCQX: IALB), the financial services holding
company for iAB Financial Bank in Fort
Wayne, Indiana, has qualified to trade on the OTCQX® Best
Marketplace.
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Independent Alliance Banks begins trading today on OTCQX under
the symbol "IALB." U.S. investors can find current financial
disclosure and Real-Time Level 2 quotes for the company on
www.otcmarkets.com.
"We're proud to welcome Independent Alliance Banks to the OTCQX
marketplace," said R. Cromwell
Coulson, President and CEO of OTC Markets Group.
"Trading on OTCQX distinguishes Independent Alliance Banks among an
elite group of U.S. and international companies that are committed
to providing transparency and trading for their investors. We
look forward to supporting Independent Alliance Banks as it
continues on its path as an OTCQX community bank."
"IAB has continued to focus on strategic initiatives to elevate
awareness of the operating strength, performance consistency and
growth potential of our company," stated Michael C. Marhenke, President and Chief
Executive Officer of Independent Alliance Banks, Inc. "We
feel confident that the OTCQX marketplace will improve the quality
and availability of information available for the investment
community, make our shares more widely accessible to investors, and
increase the liquidity of our stock over time. We look
forward to utilizing a trading platform that was designed by the
OTC Markets Group specifically for our industry."
Raymond James & Associates
Inc. serves as Independent Alliance Banks' Corporate Broker on
OTCQX.
Independent Alliance Banks is a financial holding company whose
principal activity is ownership and management of its wholly-owned
bank subsidiary, iAB Financial Bank. The company,
headquartered in Fort Wayne,
Indiana, was formed in 2005 as a result of a merger between
Grabill Bancorp and MarBanc Financial Corporation.
Subsequently, the company acquired First State Bank of Bourbon in
February of 2015. iAB Financial Bank employs approximately
290 people in its local communities and provides a wide variety of
financial services to businesses and consumers through its 17
banking centers in Allen,
Huntington, Marshall and Wells counties in Indiana.
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.
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Media Contact:
Saskia
Sidenfaden, OTC Markets Group Inc., +1 (212) 896-4428,
saskia@otcmarkets.com
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SOURCE OTC Markets Group Inc.