NEW YORK, Feb. 23, 2015 /PRNewswire/ -- OTC Markets Group Inc. (OTCQX: OTCM), operator of Open, Transparent and Connected financial marketplaces, today announced FirstAtlantic Financial Holdings, Inc. (OTCQX: FFHD), the holding company for FirstAtlantic Bank serving individuals and businesses in Northeast Florida, has qualified to trade on OTCQX®, the best marketplace for established, global and growth companies. FirstAtlantic Financial was previously privately-held and it is the first community bank to go public on OTCQX.
FirstAtlantic Financial begins trading today on OTCQX under the symbol "FFHD." U.S. investors can find current financial disclosure and Real-Time Level 2 quotes for the company on www.otcmarkets.com.
"We are proud to welcome FirstAtlantic Financial to the OTCQX marketplace," said R. Cromwell Coulson, President and CEO of OTC Markets Group. "Trading on OTCQX will enable FirstAtlantic to maximize the benefits of being publicly-traded by allowing its shareholders to unlock the full value of their shares in the public market and providing transparency into its news and financial disclosure that can burnish its reputation with investors, employees, customers, partners, regulators and the public. OTCQX companies, including OTCQX banks, are among the most visible and respected companies in the public markets today."
"We are excited to join the OTCQX marketplace and its distinguished reputation. The marketplace will benefit our current and future shareholders through improved transparency of financial information and improved liquidity through a platform for exchange of shares," said Mitchell W. Hunt, Jr., President and CEO of FirstAtlantic Financial Holdings, Inc. and FirstAtlantic Bank.
Raymond James Financial, Inc. serves as FirstAtlantic Financial's Corporate Broker on OTCQX.
FirstAtlantic Financial Holdings, headquartered in Jacksonville, FL, is the holding company for FirstAtlantic Bank, a full-service community bank with approximately $400 million in assets. FirstAtlantic Bank operates eight financial centers located in Jacksonville, Orange Park, St. Augustine and Ponte Vedra Beach and serves businesses, professionals, and consumers, offering a full array of banking services. The Bank has earned a 4-star rating from Bauer Financial and was named one of the Top 10 SBA Lenders by the Jacksonville Business Journal.
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.