NEW YORK, April 22, 2016 /PRNewswire/ -- OTC Markets Group Inc. (OTCQX: OTCM), operator of Open, Transparent and Connected financial markets, today announced Highlands Bankshares, Inc. (OTCQX: HLND), the holding company for Highlands Union Bank in Abingdon, Virginia, has qualified to trade on the OTCQX® Best Market. Highlands Bankshares upgraded to OTCQX from the Pink® market.
Highlands Bankshares begins trading today on OTCQX under the symbol "HLND." U.S. investors can find current financial disclosure and Real-Time Level 2 quotes for the company on www.otcmarkets.com.
"We are pleased to welcome Highlands Bankshares to our family of established, investor-focused regional and community banks on the OTCQX market," said Jason Paltrowitz, Executive Vice President of Corporate Services at OTC Markets Group. "Trading on OTCQX will help Highlands Bankshares increase its profile with investors by providing them with transparent trading, convenient access to the company's news and financial disclosure and dedicated capital market support."
"We are very pleased for the opportunity to trade on OTCQX and see this as an important step towards increasing shareholder liquidity and investor visibility," said Timothy K. Schools, President and CEO of Highlands Bankshares. "Highlands is experiencing an exciting transformation and we feel that the OTCQX market will improve the quality and availability of information to the investment community."
FIG Partners LLC serves as Highlands Bankshares' Corporate Broker on OTCQX. For more information, investors can contact Mike Acampora from FIG Partners at 904-354-0441 or firstname.lastname@example.org.
Highlands Bankshares is a bank holding company and parent company of Highlands Union Bank. The company and the bank are headquartered in Abingdon, Virginia, and offer relationship-based financial services to small businesses, professionals, and consumers through digital channels as well as 14 branches located in Western North Carolina, Eastern Tennessee, and Southwest Virginia.
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.
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