NEW YORK, April 16, 2015 /PRNewswire/ -- OTC Markets Group Inc. (OTCQX: OTCM), operator of Open, Transparent and Connected financial marketplaces, today announced Paragon Commercial Corporation. (OTCQX: PBNC), the holding company for Paragon Bank serving Raleigh, Cary and Charlotte, NC, has qualified to trade on the OTCQX® Best Marketplace.
Paragon Commercial begins trading today on OTCQX under the symbol "PBNC." U.S. investors can find current financial disclosure and Real-Time Level 2 quotes for the company on www.otcmarkets.com.
"We are proud to welcome Paragon Commercial to the family of investor-friendly community banks on OTCQX," said R. Cromwell Coulson, President and CEO of OTC Markets Group. "Trading on OTCQX will expose Paragon Commercial to more investors while enabling the company to convey its reputation through transparent trading and convenient access to its news and financial disclosure. We look forward to working with Paragon as it continues to grow and enhance long-term value for its shareholders."
"Paragon Bank is pleased to be part of the OTCQX marketplace. This opportunity will allow us a broader market with whom we can share our unique banking model and assist us in growing liquidity for our shareholders," stated Robert C. Hatley, President and CEO of Paragon Bank.
Raymond James & Associates, Inc. serves as Paragon Commercial Corporation's Corporate Broker on OTCQX.
Founded in Raleigh, North Carolina, in 1999, Paragon Commercial Corporation, the holding company for Paragon Bank with assets of $1.3 billion, provides a private banking experience to small and middle market companies, nonprofit organizations, law firms and title companies as well as professionals, executives, entrepreneurs and other individuals. Paragon's commitment to an extraordinary client experience is built on the philosophy that clients deserve well prepared bankers who are present and fully available, and proactive about helping clients achieve their goals. Banking services are provided through highly responsive professionals, an extensive courier service, online and mobile technologies, free worldwide ATM access, and a select number of strategically placed offices in Raleigh, Cary and Charlotte, North Carolina. For more information, visit http://ParagonBank.com.
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 protected]
SOURCE OTC Markets Group Inc.