NEW YORK, Dec. 22, 2014 /PRNewswire/ -- OTC Markets Group Inc. (OTCQX: OTCM), operator of Open, Transparent and Connected financial marketplaces, today announced Valley Republic Bank Bakersfield CA (OTCQX: VLLX), a full-service community bank with offices in Bakersfield, CA, has qualified to trade on OTCQX®, the best marketplace.
Valley Republic Bank begins trading today on OTCQX under the symbol "VLLX." U.S. investors can find current financial disclosure and Real-Time Level 2 quotes for the company on www.otcmarkets.com.
"We welcome Valley Republic Bank to the OTCQX marketplace," said R. Cromwell Coulson, President and CEO of OTC Markets Group. "Valley Republic Bank's disciplined financial management and commitment to serving the needs of its community and shareholders transparently, reliably and with honesty and integrity exemplify the qualities of an OTCQX bank. We wish the bank continued growth and future success."
Bruce Jay, Valley Republic Bank's President and CEO, stated, "We are pleased that Valley Republic Bank has been approved to trade our shares on this robust and prestigious marketplace. The increased visibility and transparency resulting from being elevated to the OTCQX marketplace is expected to increase liquidity of our shares, consistent with our commitment to increase shareholder value."
D.A. Davidson & Co., through its division Crowell, Weedon & Co., serves as Valley Republic Bank's Corporate Broker on OTCQX.
Valley Republic Bank ("VRB") is a full-service community bank with two banking offices in Bakersfield. VRB emphasizes professional, high quality banking services, provided primarily to small and medium-sized businesses and professionals, and to individuals and non-profits.
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.
Saskia Sidenfaden, OTC Markets Group Inc., +1 (212) 896-4428, email@example.com
SOURCE OTC Markets Group Inc.