NEW YORK, July 23, 2014 /PRNewswire/ -- OTC Markets Group Inc. (OTCQX: OTCM), operator of Open, Transparent and Connected financial marketplaces, today announced that Mission Valley Bancorp (OTCQX: MVLY), the holding company of Mission Valley Bank in Sun Valley, CA, has qualified to trade on OTCQX®, the best marketplace.
Mission Valley begins trading today on OTCQX under the symbol "MVLY." U.S. investors can find current financial disclosures and Real-Time Level 2 quotes for the company on www.otcmarkets.com.
"As a local business bank, Mission Valley has been serving the financial needs of residents and businesses in the San Fernando Valley and Santa Clarita Valley areas with individualized attention and care for over a decade," said R. Cromwell Coulson, President and CEO of OTC Markets Group. "Mission Valley's commitment to community, financial integrity and transparency with its shareholders exemplifies the qualities of an OTCQX bank. We are proud to welcome Mission Valley to the OTCQX marketplace and look forward to working with them for many years to come."
"Mission Valley is pleased to join the OTCQX financial marketplace specifically designed for established companies, including shareholder-friendly local community and regional banks," said Mission Valley Bancorp President and CEO Tamara Gurney. "We believe trading on OTCQX will provide our shareholders even more transparency as it relates to their investment in our Bank, which will enhance the liquidity and long term value of their holdings."
Crowell, Weedon & Co., a division of D.A. Davidson & Co., serves as Mission Valley Bancorp's Corporate Broker on OTCQX.
Mission Valley Bancorp is the holding company of Mission Valley Bank, a full service, community based, three-branch business bank headquartered in Sun Valley, CA. The bank offers a full range of deposit and leading products (consumer and commercial) with expertise in U.S. Small Business Administration (SBA) lending, accounts receivables (A/R) financing, equipment loans, commercial lending and merchant bankcard services. Mission Valley is also a certified Community Development Financial Institution (CDFI) that has been providing credit and financial services to underserved markets and populations since 2006.
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 better inform investors of opportunities and risks – OTCQX®, The Best Marketplace; OTCQB®, The Venture Stage Marketplace; and OTC Pink®, The 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.
SOURCE OTC Markets Group Inc.