JBT Bancorp, Inc. Begins Trading on OTCQX

Rhea-AI Summary

JBT Bancorp, Inc. (JBTC) has upgraded to trading on the OTCQX® Best Market, symbolized as 'JBTC', from the OTC Markets Group, Inc. Pink® Market. OTCQX is tailored for well-managed, strongly capitalized U.S. financial institutions, with over 100 community and regional banks currently trading on it. The move reflects JBT's commitment to high standards, integrity, and its mission to improve clients' financial lives. President & CEO, Troy A. Peters, sees this as a positive step for existing shareholders, providing broader stock exposure and highlighting JBT's stability, strength, and diverse services. The company celebrates its 150th anniversary as an independent, local community bank, making this upgrade a significant addition to its milestones.

Positive

• JBT Bancorp, Inc. (JBTC) has demonstrated its commitment to high standards, integrity, and improving clients' financial lives by upgrading to the OTCQX® Best Market, reflecting positively on the company's stability, strength, and diverse services. This move is seen as a positive step for existing shareholders, providing broader stock exposure.

Negative

• None.

JONESTOWN, Pa., Nov. 15, 2023 (GLOBE NEWSWIRE) -- JBT Bancorp, Inc. (OTCQX: JBTC), the bank holding company for Jonestown Bank & Trust Co. (JBT), today announced it has started trading on the OTCQX^® Best Market, an upgrade from the OTC Markets Group, Inc. (OTCQX: OTCM) Pink^® Market. JBT Bancorp, Inc. will trade under the symbol “JBTC”.

OTCQX is a market designed to meet the unique needs of U.S. financial institutions that are established, well-managed, and strongly capitalized. To qualify for OTCQX, community banks must meet high financial standards, follow best practice corporate governance, and demonstrate compliance with applicable regulatory requirements. Currently, there are over 100 community and regional banks trading on OTCQX.

“We are honored to have been invited to upgrade to the OTCQX Market. The move reflects positively on our commitment to high standards, integrity, and our mission to improve the financial lives of our clients. This year has been a special year for JBT as we celebrate our 150^th anniversary as an independent, local community bank, and to begin trading on the OTCQX Market adds to our celebration. We believe this important step allows for broader exposure of our stock and is a positive move for our existing shareholders,” said President & CEO, Troy A. Peters.

Peters added that the move to OTCQX “brings greater visibility to JBT’s stability, strength, and diverse services that enable us to serve our clients and their banking needs, and our shareholders as evidenced by our long and consistent dividend history.”

For more information on JBT Bancorp, Inc. stock visit http://www.otcmarkets.com/stock/JBTC/quote.

About JBT Bancorp, Inc.
JBT Bancorp, Inc., the parent company of Jonestown Bank & Trust Co. (JBT) is a bank holding company Pennsylvania chartered community bank established in 1873 and headquartered in Jonestown, PA. The Bank operates 11 full-service and 2 limited service branch locations in Lebanon, Lancaster and Berks Counties. JBT serves small to mid-sized businesses and consumer households fulfilling deposit, loan, and payment needs.

Contact: Andrea Shetterly, EAA
ashetterly@jbt.bank
Jonestown Bank & Trust Co.
2 West Market Street
Jonestown, PA 17038-0717
Phone: 717-865-4246

FAQ

What is the symbol for JBT Bancorp, Inc. on the OTCQX® Best Market?

The symbol for JBT Bancorp, Inc. on the OTCQX® Best Market is 'JBTC'.

How many community and regional banks are currently trading on OTCQX?

Currently, there are over 100 community and regional banks trading on OTCQX.

What does the upgrade to OTCQX mean for JBT Bancorp, Inc. shareholders?

The upgrade to OTCQX means broader stock exposure and highlights JBT's stability, strength, and diverse services, providing a positive step for existing shareholders.

Why is the move to OTCQX significant for JBT Bancorp, Inc.?

The move to OTCQX is significant as it reflects JBT's commitment to high standards, integrity, and its mission to improve clients' financial lives, while also adding to the company's 150th-anniversary celebrations as an independent, local community bank.