OTC Markets Group Welcomes Banks to OTCQX Marketplace
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"We are thrilled to welcome our first banks to the OTCQX marketplace," said
Banks that commence trading today on OTCQX are:
Calvin B. Taylor Bankshares, Inc. (OTCQX: TYCB) – The company, through its wholly owned bank subsidiary, operates a full service commercial bank in the coastal resort areas ofWorcester County, Maryland andSussex County, Delaware .StockCross Financial Services, Inc. is the Corporate Broker forCalvin B. Taylor Bankshares .
Cortland Bancorp (OTCQX: CLDB) –Cortland Bancorp is a financial holding company headquartered inCortland, Ohio . Founded in 1892, the company's bank subsidiary,The Cortland Savings and Banking Company , conducts business through 12 full-service community banking offices located in the counties ofTrumbull ,Mahoning ,Portage , andAshtabula in Northeastern Ohio.Boenning & Scattergood, Inc. is the Corporate Broker forCortland Bancorp .
First BancTrust Corp. (OTCQX: FIRT) – Headquartered inParis, IL ,First BancTrust is a financial holding company whose principal activity is the ownership and management of its wholly-owned subsidiaries,First Bank & Trust , s.b.,ECS Service Corp. , andFirst Charter Service Corp. FBTC Statutory Trust I is an unconsolidated wholly-owned subsidiary of the company.FIG Partners LLC is the Corporate Broker forFirst BancTrust .
First ULB Corp. (OTCQX: FUBP) –First ULB Corp. is a thrift holding company headquartered inOakland, California , and the parent ofUnited Labor Bank ,F.S.B ., a commercial community bank offering personalized services and products to meet the demands of today's small and medium-sized businesses. McAdams Wright Ragen, Inc. ("MWR") is the Corporate Broker forFirst ULB .
Harleysville Savings Financial Corp. (OTCQX: HARL) –Harleysville Savings Financial is the holding company forHarleysville Savings Bank . Established in 1915,Harleysville Savings Bank is aPennsylvania -chartered and federally insured savings bank, headquartered inHarleysville, Pennsylvania . Boenning & Scattergood is the Corporate Broker forHarleysville Savings Financial .
Katahdin Bankshares Corp. (OTCQX: KTHN) –Katahdin Bankshares is a bank holding company. Its subsidiary,Katahdin Trust Company , is aMaine state-chartered, commercial bank established in 1918. The bank has 19 full service branches throughoutAroostook andPenobscot counties and theScarborough area. StockCross Financial Services is the Corporate Broker forKatahdin Bankshares .
Standard Financial Corp. (OTCQX: STND) –Standard Financial is the parent company ofStandard Bank , aPennsylvania -chartered savings bank which operates offices serving individuals and small to mid-sized businesses inAllegheny ,Westmoreland andBedford Counties inPennsylvania andAllegany County inMaryland .Standard Bank is a member of theFederal Deposit Insurance Corporation (FDIC) and an Equal Housing Lender.Keefe, Bruyette and Woods, Inc. ("KBW") is the Corporate Broker forStandard Financial .
Virginia National Bankshares Corp. (OTCQX: VABK) – Headquartered inCharlottesville, Virginia ,Virginia National Bankshares is the bank holding company forVirginia National Bank , a commercial bank with seven banking offices located inCentral Virginia . The bank offers investment management and trust services under the trade name of VNB Wealth Management through its subsidiary,VNB Trust , N.A. MWR is the Corporate Broker forVirginia National Bankshares .
To qualify for OTCQX, banks must meet high quantitative and qualitative financials standards, be current in their reporting to a bank regulator and, if applicable, the
The following firms have been approved to serve as Corporate Brokers for banks on OTCQX:
Boenning & Scattergood , an independent securities, asset management and investment banking firm serving the Mid-Atlantic and Midwest- D.A. Davidson & Co., a full-service investment firm whose division Crowell, Weedon & Co. has been serving the financial needs of banks in the Western U.S. for more than 80 years
FIG Partners , an employee-owned broker-dealer specializing in financial institutions- KBW, a full-service, boutique investment bank and broker-dealer and wholly-owned subsidiary of
Stifel Financial Corp. (NYSE: SF) - MWR, a majority employee-owned investment firm headquartered in the
Pacific Northwest StockCross Financial Services , a discount and full-service financial brokerage firm and market maker with offices nationwide.
"We are pleased with the applications and interest we have received from banks and broker-dealers about OTCQX and believe this indicates a tremendous market opportunity for small banks and their shareholders," continued Coulson. "We look forward to working with all of our approved banks and Corporate Brokers as we build a robust public trading market for U.S. community and regional banks and their shareholders."
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