NEW YORK, March 18, 2015 /PRNewswire/ -- OTC Markets Group Inc. (OTCQX: OTCM), operator of Open, Transparent and Connected financial marketplaces, today announced Pinnacle Bank (OTCQX: PBNK), a full-service business bank serving Santa Clara, San Benito and Monterey counties in California, has qualified to trade on OTCQX®, the best marketplace for established, global and growth companies.
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Pinnacle Bank begins trading today on OTCQX under the symbol "PBNK." 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 Pinnacle Bank to the growing family of shareholder-friendly community and regional banks on OTCQX," said R. Cromwell Coulson, President and CEO of OTC Markets Group. "Trading on our OTCQX Best Marketplace will provide Pinnacle Bank's shareholders transparent trading and convenient access to its news and financial disclosure so they can more easily analyze, value and trade its securities."
Pinnacle Bank's President and CEO Susan K. Black said, "We are pleased that Pinnacle Bank has been approved to trade on the OTCQX marketplace. The increased visibility and transparency of being elevated to OTCQX is expected to increase the liquidity of our shares and ultimately improve shareholder value, consistent with our commitment to our shareholders."
D.A. Davidson & Co., through its division Crowell, Weedon & Co., serves as Pinnacle Bank's Corporate Broker on OTCQX.
Pinnacle Bank is a full-service business bank dedicated to providing quality depository and credit services in Santa Clara, San Benito and Monterey counties with a focus on commercial banking services for businesses and nonprofit organizations, offering products and services that combine the best of personal touch with convenient technology-based delivery.
A 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.