NEW YORK, Dec. 17, 2014 /PRNewswire/ -- OTC Markets Group Inc. (OTCQX: OTCM), operator of Open, Transparent and Connected financial marketplaces, today announced California Bank of Commerce (OTCQX: CABC), a business bank serving closely-held businesses and professionals in the San Francisco Bay area, has qualified to trade on OTCQX®, the best marketplace.
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California Bank of Commerce begins trading today on OTCQX under the symbol "CABC." U.S. investors can find current financial disclosure and Real-Time Level 2 quotes for the company on www.otcmarkets.com.
"We are thrilled to welcome California Bank of Commerce to our growing family of OTCQX banks," said R. Cromwell Coulson, President and CEO of OTC Markets Group. "Trading on OTCQX will help California Bank of Commerce increase its transparency and engagement with its shareholders, so they can more easily analyze, value and trade its securities. We look forward to supporting the bank as it continues to grow and serve the financial needs of businesses in the San Francisco Bay area."
"California Bank of Commerce is proud to be part of OTCQX. We believe the OTCQX marketplace will provide our shareholders and potential investors with greater transparency, broader distribution of information, and more exposure for our shares. The due diligence and disclosure required for banks on OTCQX will help to highlight those banks seeking to perform at the highest levels," said Terry A. Peterson, President and CEO of California Bank of Commerce.
Wedbush Securities Inc. serves as California Bank of Commerce's Corporate Broker on OTCQX.
California Bank of Commerce was designed and built to provide a unique banking experience for its clients. The Bank offers a broad range of commercial banking services to closely held businesses and professionals throughout the San Francisco Bay Area.
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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Media Contact:
Saskia Sidenfaden, OTC Markets Group Inc., +1 (212) 896-4428, saskia@otcmarkets.com
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SOURCE OTC Markets Group Inc.