NEW YORK, Dec. 18, 2017 /PRNewswire/ -- OTC Markets Group Inc. (OTCQX: OTCM), operator of financial markets for 10,000 U.S. and global securities, today announced Peoples Financial Corporation (OTCQX: PFBX), parent of The Peoples Bank headquartered in Biloxi, Mississippi, has qualified to trade on the OTCQX® Best Market. Peoples Financial Corporation previously traded on NASDAQ.
Peoples Financial Corporation begins trading today on OTCQX under the symbol "PFBX." U.S. investors can find current financial disclosure and Real-Time Level 2 quotes for the company on www.otcmarkets.com.
"Founded in 1896, The Peoples Bank has a 121-year history providing banking services to the Mississippi Gulf Coast community," said Jason Paltrowitz, Executive Vice President of OTC Markets Group. "Trading on OTCQX will enable Peoples Financial Corporation to provide a transparent trading market for its investors, while lowering the cost and complexity of being a public company. We look forward to supporting Peoples Financial Corporation and its shareholders."
"Peoples Financial Corporation is pleased to join the OTCQX Best Market," said Chevis C. Swetman, Chairman, President and Chief Executive Officer of Peoples Financial Corporation. "We believe the OTCQX Best Market provides an enhanced trading environment for our shareholders while lowering the Company costs."
Peoples Financial Corporation was sponsored for OTCQX by FIG Partners LLC, a qualified third-party firm responsible for providing guidance on OTCQX requirements.
About Peoples Financial Corporation
Founded in 1896, with $657 million in assets as of September 30, 2017, The Peoples Bank operates 18 branches along the Mississippi Gulf Coast in Hancock, Harrison, Jackson and Stone counties. In addition to a comprehensive range of retail and commercial banking services, the bank also operates a trust and investment services department that has provided customers with financial, estate and retirement planning services since 1936.
The Peoples Bank is a wholly-owned subsidiary of Peoples Financial Corporation, which trades on the OTCQX Best Market under the symbol PFBX. Additional information is available on the Internet at www.thepeoples.com.
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.
To learn more about how we create better informed and more efficient markets, visit www.otcmarkets.com
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SOURCE OTC Markets Group Inc.