NEW YORK, May 19, 2015 /PRNewswire/ -- OTC Markets Group Inc. (OTCQX: OTCM), operator of Open, Transparent and Connected financial marketplaces, today announced First Choice Bank Cerritos CA (OTCQX: FCBK), a community focused financial institution based in Cerritos, CA, serving small and medium sized businesses in Southern California, has qualified to trade on the OTCQX® Best Marketplace.
First Choice Bank begins trading today on OTCQX under the symbol "FCBK." U.S. investors can find current financial disclosure and Real-Time Level 2 quotes for the company on www.otcmarkets.com.
"First Choice Bank has been meeting the financial needs of individuals and small businesses in Southern California since 2005 with a focus on serving all markets from the distressed and underserved to high net worth private banking clients," said R. Cromwell Coulson, President and CEO of OTC Markets Group. "We are proud to welcome the bank to our family of investor-focused OTCQX companies and look forward to supporting the company and its shareholders for many years to come."
First Choice Bank's Founder and Chairman Peter Hui said, "We are pleased to provide this valuable channel of liquidity for our shareholders. 2015 marks our 10th anniversary and our bankers and shareholders look forward to our next decade of loyal service to all of those communities that we serve."
Hovde Group, LLC serves as First Choice Bank's Corporate Broker on OTCQX.
First Choice Bank, headquartered in Cerritos, CA, is a community focused financial institution serving diverse commercial clients and specializing in loans to small businesses, Commercial and Industrial (C&I) loans and commercial real estate loans with a niche in providing finance for the hospitality industry. The bank is a Preferred Small Business Administration (SBA) 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.
Saskia Sidenfaden, OTC Markets Group Inc., +1 (212) 896-4428, email@example.com
SOURCE OTC Markets Group Inc.