Merchants & Marine Bancorp, Inc. Named to 2024 OTCQX Best 50

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Merchants & Marine Bancorp, Inc. (MNMB) has been named to the 2024 OTCQX Best 50, a ranking of top performing companies traded on the OTCQX Best Market last year. The company's stock performance reflects improved financial metrics, including net income and core income. The OTCQX Best Market offers transparent and efficient trading of established, investor-focused U.S. and global companies. Merchants & Marine Bank, a Mississippi chartered community bank, has grown from $25,000 to nearly $700 million in assets, with 16 offices serving the Mississippi & Alabama Gulf Coast region and the Mississippi Pine Belt.

PASCAGOULA, Miss.--(BUSINESS WIRE)-- Merchants & Marine Bancorp, Inc. (OTCQX: MNMB), the parent company of Merchants & Marine Bank is pleased to announce it has been named to the 2024 OTCQX® Best 50, a ranking of top performing companies traded on the OTCQX Best Market last year.

The OTCQX Best 50 is an annual ranking of the top 50 U.S. and international companies traded on the OTCQX market. The ranking is calculated based on an equal weighting of one-year total return and average daily dollar volume growth in the previous calendar year. Companies in the 2024 OTCQX Best 50 were ranked based on their performance in 2023.

“We are extremely pleased that our company’s stock performance is beginning to be reflective of our improved financial performance over the past several years,” remarked Merchants & Marine Bancorp, Inc. Chief Financial Officer Casey Hill. “With our continuing upward movement in net income, core income, and myriad other performance metrics, we look forward to continuing to see our stock price and liquidity improve in concert.”

“We are humbled to have been recognized as a member of the OTCQX Top 50,” said Merchants & Marine Bancorp CEO Clayton Legear. “This award, and the stock performance that it recognizes, is the direct result of the tireless efforts of each and every one of our team members – not just in 2023, but throughout the past several years as our company has executed on a carefully crafted long term strategy designed to not only improve our core earnings, but to position our Company for further growth and service to our clients and the communities we call home. We look forward to our team’s continued progress and the results they will produce.”

The OTCQX Best Market offers transparent and efficient trading of established, investor-focused U.S. and global companies. To qualify for the OTCQX market, companies must meet high financial standards, follow best practice corporate governance, and demonstrate compliance with applicable securities laws.

Merchants & Marine Bancorp, Inc. (OTCQX: MNMB) is the parent company of Merchants & Marine Bank, a Mississippi chartered community bank serving the Gulf South region. Originally founded in 1899, Merchants & Marine Bank was reborn in 1932 during the middle of the worst economic disaster in the history of the United States: The Great Depression. More than eight decades later, Merchants & Marine Bank has grown from $25,000 to nearly $700 million in assets, and from 2 offices to 16 offices serving the Mississippi & Alabama Gulf Coast region, as well as the Mississippi Pine Belt. The bank offers mortgage financing through its Canvas Mortgage division, medical cannabis banking through its CannaFirst Financial division, and access to government-guaranteed credit through Voyager Lending. For more information on Merchants & Marine Bancorp, Inc., visit https://mandmbank.com/investor-relations

View source version on businesswire.com: https://www.businesswire.com/news/home/20240131752462/en/

Casey Hill, CFO, Merchants & Marine Bancorp, Inc.

(228) 934-1307

Casey.Hill@mandmbank.com

Source: Merchants & Marine Bancorp, Inc.

FAQ

What is the ranking that Merchants & Marine Bancorp, Inc. (MNMB) has been named to?

Merchants & Marine Bancorp, Inc. (MNMB) has been named to the 2024 OTCQX Best 50.

What are the financial metrics that reflect the improved performance of Merchants & Marine Bancorp, Inc. (MNMB)?

The company's stock performance reflects improved financial metrics, including net income and core income.

What is the business focus of the OTCQX Best Market?

The OTCQX Best Market offers transparent and efficient trading of established, investor-focused U.S. and global companies.

How much has Merchants & Marine Bank's assets grown from its original founding?

Merchants & Marine Bank has grown from $25,000 to nearly $700 million in assets.

How many offices does Merchants & Marine Bank currently have?

Merchants & Marine Bank has 16 offices serving the Mississippi & Alabama Gulf Coast region and the Mississippi Pine Belt.