NEW YORK, Feb. 17, 2015 /PRNewswire/ -- OTC Markets Group Inc. (OTCQX: OTCM), operator of Open, Transparent and Connected financial marketplaces, today announced First National Community Bancorp, Inc. (OTCQX: FNCB), the bank holding company for First National Community Bank in Dunmore, PA, has qualified to trade on OTCQX®, the best marketplace for established, global and growth companies.
Logo - http://photos.prnewswire.com/prnh/20110118/MM31963LOGO
First National Community Bancorp begins trading today on OTCQX under the symbol "FNCB." 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 First National Community Bancorp to OTCQX," said R. Cromwell Coulson, President and CEO of OTC Markets Group. "First National Community Bancorp joins an elite group of OTCQX community and regional banks that are committed to promoting transparency for investors and enhancing long-term shareholder value. We look forward to supporting First National's continued growth and prosperity on OTCQX."
"Our objective in upgrading FNCB shares to OTCQX is to elevate awareness of the operating strengths and growth potential of our company," said Steven R. Tokach, President and CEO of First National Community Bancorp. "Trading on OTCQX will improve the quality and availability of information available for the investment community, and should make our shares more widely accessible to investors, as well as increase the liquidity of our common stock over time. We're excited to be utilizing a trading platform that was designed by OTC Markets Group specifically for our industry, and which attracted 34 U.S. community banks to join the OTCQX marketplace in 2014."
Boenning & Scattergood serves as First National Community Bancorp's Corporate Broker on OTCQX.
"We are pleased to be selected as the Corporate Broker for First National Community Bancorp," commented Michael A. Galantino, Managing Director of Equity Capital Markets at Boenning & Scattergood. "This opportunity exemplifies our commitment to the community banking sector throughout the Mid-Atlantic and Midwest Regions and reinforces our effort to enhance the services we provide to clients."
First Community Bancorp operates as the bank holding company for First National Community Bank that provides personal, small business and commercial banking solutions to individuals and businesses in northeastern Pennsylvania. As of December 1, 2014, the company operated 19 full-service branch offices in three contiguous counties, including Lackawanna, Luzerne, and Wayne, Pennsylvania. First National Community Bank was founded in 1910 and is headquartered in Dunmore, Pennsylvania.
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.
Subscribe to the OTC Markets RSS Feed
Media Contact:
Saskia Sidenfaden, OTC Markets Group Inc., +1 (212) 896-4428, saskia@otcmarkets.com
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/otc-markets-group-welcomes-first-national-community-bancorp-to-otcqx-300036197.html
SOURCE OTC Markets Group Inc.
