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.
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.
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Saskia Sidenfaden, OTC Markets Group Inc., +1 (212) 896-4428, [email protected]
SOURCE OTC Markets Group Inc.