NEW YORK, Jan. 7, 2015 /PRNewswire/ -- OTC Markets Group Inc. (OTCQX: OTCM), operator of Open, Transparent and Connected financial marketplaces, today announced SBT Bancorp, Inc. (OTCQX: SBTB), the holding company for Simsbury Bank in central Connecticut, has qualified to trade on OTCQX®, the best marketplace for established, global and growth companies.
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SBT Bancorp begins trading today on OTCQX under the symbol "SBTB." U.S. investors can find current financial disclosure and Real-Time Level 2 quotes for the company on www.otcmarkets.com.
"We are thrilled to welcome SBT Bancorp to our growing family of OTCQX banks," said R. Cromwell Coulson, President and CEO of OTC Markets Group. "Trading on OTCQX will help SBT Bancorp increase its transparency and engagement with its shareholders, so they can more easily analyze, value and trade its securities. We look forward to supporting the bank as it continues to grow and serve the financial needs of consumers and businesses in Connecticut and throughout southern New England."
Martin J. Geitz, President and CEO of SBT Bancorp, said, "SBT Bancorp is proud to be part of OTCQX. We believe the OTCQX marketplace, as OTC Markets Group's most robust and prestigious marketplace, will provide our shareholders and potential investors with greater transparency, broader distribution of information, and more exposure for our shares, which is expected to increase our share liquidity. The requirements for banks to be traded on OTCQX help to highlight those banks seeking to perform at the highest levels and will enhance shareholder value."
FIG Partners LLC serves as SBT Bancorp's Corporate Broker on OTCQX.
SBT Bancorp is the holding company of Simsbury Bank, an independent bank for consumers and businesses based in central Connecticut's Farmington Valley. The bank serves customers locally through branches in Avon, Bloomfield, Granby and Simsbury, CT, and regionally through mortgage and commercial bankers active throughout southern New England.
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 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.
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Media Contact:
Saskia Sidenfaden, OTC Markets Group Inc., +1 (212) 896-4428, [email protected]
SOURCE OTC Markets Group Inc.
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