NEW YORK, March 25, 2015 /PRNewswire/ -- OTC Markets Group Inc. (OTCQX: OTCM), operator of Open, Transparent and Connected financial marketplaces, today announced Pascack Bancorp, Inc. (OTCQX: PSBR), the holding company for Pascack Community Bank located in Waldwick, NJ, has qualified to trade on OTCQX®, the best marketplace for established, global and growth companies.
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Pascack Bancorp begins trading today on OTCQX under the same symbol "PSBR." U.S. investors can find current financial disclosure and Real-Time Level 2 quotes for the company on www.otcmarkets.com.
"Trading on OTCQX distinguishes Pascack Bancorp as a well-managed, strongly-capitalized, shareholder-friendly bank in the public markets," said R. Cromwell Coulson, President and CEO of OTC Markets Group. "We are pleased to welcome Pascack Bancorp to our best marketplace and look forward to supporting the bank and its shareholders for years to come."
Jon F. Hanson, Chairman of the Board of Pascack Bancorp, Inc., and Nancy E. Graves, President and CEO of Pascack Community Bank and Director of Pascack Bancorp, Inc., in a joint statement said, "On behalf of our Board of Directors, our shareholders and future investors we welcome the enhanced visibility OTCQX offers Pascack Bancorp. We are very pleased to join OTCQX, a platform for us to tell our story as a community bank. Joining OTCQX is expected to increase the liquidity of our shares and ultimately improve shareholder value, consistent with our commitment to our shareholders."
FIG Partners LLC serves as Pascack Bancorp's Corporate Broker on OTCQX. For more information, investors can contact Mike Acampora from FIG Partners at 904-354-0441 or [email protected].
Pascack Bancorp is the holding company for Pascack Community Bank, a New Jersey chartered commercial bank founded in 2002 which provides personalized banking services with a strong emphasis on relationship banking to consumers and small to medium size, many family owned and operated, businesses primarily located in Bergen and northern Essex Counties. Pascack Community Bank has eight locations including Waldwick, Westwood, Hillsdale, Hackensack (2), Rochelle Park, Lodi and Nutley.
The bank is a member of the Federal Deposit Insurance Corporation and is an Equal Housing/Equal Opportunity Lender.
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, [email protected]
SOURCE OTC Markets Group Inc.
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