NEW YORK, March 1, 2017 /PRNewswire/ -- OTC Markets Group Inc. (OTCQX: OTCM), operator of financial markets for 10,000 U.S. and global securities, today announced Mountain Commerce Bancorp, Inc. (OTCQX: MCBI), a bank holding company and the parent of Knoxville, Tennessee-based Mountain Commerce Bank, has qualified to trade on the OTCQX® Best Market. Mountain Commerce Bancorp upgraded to OTCQX from the Pink® market.
Mountain Commerce Bancorp, Inc. begins trading today on OTCQX under the symbol "MCBI." U.S. investors can find current financial disclosure and Real-Time Level 2 quotes for the company on www.otcmarkets.com.
"We are proud to welcome Mountain Commerce Bancorp to our growing community of banks on the OTCQX market," said Jason Paltrowitz, Executive Vice President of Corporate Services at OTC Markets Group. "OTCQX provides an efficient, transparent and cost-effective alternative to a U.S. stock exchange listing for financial institutions that are committed to providing a shareholder-friendly trading experience for their investors."
"As Mountain Commerce Bancorp enters its second decade, being traded on OTCQX is a noteworthy milestone," said William E. "Bill" Edwards III, President and Chief Executive Officer of Mountain Commerce Bancorp. "It allows the company greater exposure, accessibility, and liquidity from the investment community as we pursue strategic growth plans, all the while remaining focused on our core principle of Responsive Relationship Banking."
Mountain Commerce Bancorp, Inc. was sponsored for OTCQX by Raymond James & Associates, Inc., a qualified 3rd party firm responsible for providing guidance on OTCQX requirements and recommending membership.
Mountain Commerce Bancorp, Inc. is a bank holding company and the parent of Mountain Commerce Bank (MCB). Both are headquartered in Knoxville, Tennessee where MCB serves East Tennessee with five locations across Knox, Washington, and Unicoi counties.
MCB operates and competes with a team dedicated to Responsive Relationship Banking, and offers the latest in banking technology that clients have come to expect.
Its mission is to grow and prosper, building long-term customer connections based on top-quality service, high ethical standards, and core-funded, safe and sound assets.
To that end, MCB bases its operations and decisions on the fundamental principles defined by its eight core values: Integrity, Excellence, Leadership, Communication, Reality, Accountability, Teamwork, and Consideration.
MCB believes that these values provide the appropriate framework to structure an organization that will meet the service needs of its customers, the performance requirements of its shareholders, and the regulatory standards of its authorities.
To learn more about Mountain Commerce Bank, visit www.mcb.com.
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.