NEW YORK, June 25, 2015 /PRNewswire/ -- OTC Markets
Group Inc. (OTCQX: OTCM), operator of Open, Transparent and
Connected financial marketplaces, today announced Commencement Bank
(WA) (OTCQX: CBWA), a community bank serving small and midsized
businesses and individuals in western Washington State, has qualified to trade today
on the OTCQX® Best Marketplace under the symbol "CBWA." The
company was previously privately-held.
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U.S. investors can find current financial disclosure and
Real-Time Level 2 quotes for Commencement Bank on
www.otcmarkets.com.
"We're proud to welcome Commencement Bank to our family of
investor-focused community banks on OTCQX," said R. Cromwell Coulson, President and CEO of OTC
Markets Group. "Trading on OTCQX will enable Commencement
Bank to unlock the benefits of public trading through efficient
trading and broad distribution of its news and financial disclosure
to investors. We look forward to supporting the bank as it
continues on its path as a publicly-traded
company."
"We are very pleased to be a part of the OTCQX and see this as
an important step towards reaching our strategic growth
initiatives," said Hal Russell,
President and CEO of Commencement Bank. "Having an efficient
vehicle in which our shareholders may trade Commencement Bank
shares meets one of our objectives of creating greater liquidity
within our stock base."
D.A. Davidson & Co., through
its division Crowell, Weedon & Co., serves as Commencement
Bank's Corporate Broker on OTCQX.
Commencement Bank ("the Bank") opened December 11, 2006 and operates one branch in
Tacoma, Washington and one loan
production office in Enumclaw,
Washington. The Bank provides loan and deposit
services to customers, who are predominately small and midsized
business and individuals in western Washington.
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.