NEW YORK, Sept. 19, 2014 /PRNewswire/ -- OTC Markets Group Inc. (OTCQX: OTCM), operator of Open, Transparent and Connected financial marketplaces, today announced CITBA Financial Corp. (OTCQX: CBAF), the bank holding company for Citizens Bank in Mooresville, Indiana, has qualified to trade on OTCQX®, the best marketplace.
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CITBA begins trading today on OTCQX under the symbol "CBAF." U.S. investors can find current financial disclosure and Real-Time Level 2 quotes for the company on www.otcmarkets.com.
"We are pleased to welcome CITBA to the family of established, shareholder-friendly banks on OTCQX," said R. Cromwell Coulson, President and CEO of OTC Markets Group. "OTCQX is an attractive alternative to a stock exchange for U.S. community and regional banks that allows them to leverage their existing regulatory and reporting process and provide shareholders with transparent trading and convenient access to their news and financial statements. We look forward to working with CITBA as it takes this next step in its development."
Stephen T. Mills, Chairman of the Board of CITBA and Citizens Bank, and Lynn T. Gordon, President and CEO of CITBA and Citizens Bank, said in a joint statement, "Our bank was chartered in 1931; like any company that is over 80 years old, CITBA Financial Corporation's shareholder base is changing and the need for shareholder liquidity is becoming more important. To satisfy this growing need, the corporation is joining the OTCQX marketplace with the goal of making our stock more accessible to all investors and to increase shareholder value over time."
Monroe Financial Partners Inc. serves as CITBA's Corporate Broker on OTCQX.
CITBA is a bank holding company whose principal activity is the ownership and management of Citizens Bank of Mooresville, Indiana. Citizens Bank receives deposits and makes commercial, mortgage and consumer loans to individuals and businesses located primarily in Morgan County, Indiana, and adjacent counties.
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 better inform investors of opportunities and risks – OTCQX®, The Best Marketplace; OTCQB®, The Venture Marketplace; and OTC Pink®, The 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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SOURCE OTC Markets Group Inc.