Disclosure NewswireTMiCrowdNewswire - Nov 14, 2017
NEW YORK — OTC Markets Group Inc. (OTCQX: OTCM), operator of financial markets for 10,000 U.S. and global securities, today announced California First National Bancorp (OTCQX: CFNB), the bank holding company for California First National Bank, an Internet-only bank headquartered in Orange County, California, has qualified to trade on the OTCQX® Best Market. California First National Bancorp previously traded on NASDAQ.
California First National Bancorp begins trading today on OTCQX under the symbol “CFNB.” 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 California First National Bancorp to the OTCQX market,” said Jason Paltrowitz, Executive Vice President of OTC Markets Group. “OTCQX was designed to help investor-focused community banks achieve the benefits of trading on an established public market without the complexity of an exchange listing. We look forward to supporting California First National Bancorp and its shareholders.”
“CalFirst Bancorp is pleased to join OTCQX,” said Patrick E. Paddon, Chief Executive Officer and Chairman of the Board of California First National Bancorp. “We believe the OTCQX market offers advantages for the Company and its shareholders as it allows management to focus attention on business while still providing full financial disclosure with great transparency in a robust trading market.”
D.A. Davidson & Co. serves as California First National Bancorp’s OTCQX sponsor, a qualified third-party firm responsible for providing guidance on OTCQX requirements.
About California First National Bancorp
California First National Bancorp operating primarily through California First National Bank provides lease and loan financing alternatives to businesses and organizations throughout the United States. CalFirst Bank gathers deposits through posting rates on the Internet, providing the security of FDIC insurance with the convenience of banking anytime and anywhere. Founded in 1977, CFNB has been publicly traded since 1987 and at September 30, 2017 had total assets of $630 million supported by equity capital of $199 million.
About OTC Markets Group Inc.
OTC Markets Group Inc. (OTCQX: OTCM) operates the OTCQX® Best Market, the OTCQB® Venture Market, and the Pink® Open Market for 10,000 U.S. and global securities. Through OTC Link® ATS, we connect a diverse network of broker-dealers that provide liquidity and execution services. We enable investors to easily trade through the broker of their choice and empower companies to improve the quality of information available for investors.
To learn more about how we create better informed and more efficient markets, 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.