NEW YORK, July 30, 2021 / PRNewswire / – OTC Markets Group Inc. (OTCQX: OTCM), operator of financial markets for 11,000 U.S. and global stocks, today announced 1st Capital Bancorp (OTCQX: FISB), a community bank based in Monterey County in California, has qualified for trading on the OTCQX® Best Market. 1. Capital Bancorp was upgraded from the Pink® market to OTCQX.
1st Capital Bancorp begins trading on OTCQX today under the symbol “FISB”. US investors can visit www.otcmarkets.com to find the latest financial information and real-time Level 2 quotes for the company.
The deal on the OTCQX market is an important milestone for community banking in the US public markets. The OTCQX market enables banks to maximize the value of a public company by providing transparent trading and easy access to company information to shareholders. To qualify for OTCQX, community banks must meet high financial standards, follow best practice corporate governance, and demonstrate compliance with applicable securities laws.
“We are excited to join the OTCQX market and look forward to the benefits this transition will bring. Moving from the pink market will bring greater visibility, transparency and liquidity to our shareholders and is in line with our primary focus on creating long-term value for our shareholders, “said the CEO of 1st Capital Bancorp Sam Jimenez.
Raymond James & Associates, Inc. acted as the company’s OTCQX sponsor.
About 1st Capital Bancorp
1st Capital Bank is a locally owned and managed community bank based in Monterey County. The company provides professional banking, including credit and cash management services, to businesses, professionals, and residents throughout California Central coast.
About the 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 11,000 US and global stocks. Via OTC Link® ATS and OTC Link ECN, we connect a diverse network of broker-dealers who offer liquidity and execution services. We enable investors to easily trade through the broker of their choice and empower companies to improve the quality of the information available to investors.
To learn more about how we are creating better informed and more efficient markets, visit www.otcmarkets.com.
OTC Link ATS and OTC Link ECN are SEC regulated ATS operated by OTC Link LLC, a member of FINRA / SIPC.
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SOURCE OTC Markets Group Inc.