OTC Markets Group Welcomes Bankflorida Bancorp, Inc. to OTCQX

Rhea-AI Summary

OTC Markets Group Inc. (OTCM: OTCM) announced that Bankflorida Bancorp, Inc. (OTCQX: BKFL) has qualified to trade on the OTCQX® Best Market, beginning today. Previously privately-held, Bankflorida Bancorp, Inc. is the holding company for BankFlorida, which offers superior banking services. The OTCQX Market provides an efficient public market for regional and community banks, enabling price transparency and broader information distribution. This qualification follows high financial standards and compliance with securities laws.

Positive

• Bankflorida Bancorp qualifies for OTCQX Best Market, enhancing trading visibility.
• OTCQX provides efficient access for community banks, potentially increasing investor interest.

Negative

• None.

NEW YORK, Dec. 08, 2022 (GLOBE NEWSWIRE) -- OTC Markets Group Inc. (OTCQX: OTCM), operator of regulated markets for trading 12,000 U.S. and international securities, today announced Bankflorida Bancorp, Inc. (OTCQX: BKFL), the holding company for BankFlorida, has qualified to trade on the OTCQX® Best Market. Bankflorida Bancorp, Inc. was previously privately-held.

Bankflorida Bancorp, Inc. begins trading today on OTCQX under the symbol “BKFL.” U.S. investors can find current financial disclosure and Real-Time Level 2 quotes for the company on www.otcmarkets.com.

The OTCQX Market serves as a more efficient and cost-effective public market for U.S. regional and community banks through standards tailored for bank reporting. By providing price transparency and broader information distribution, OTCQX enables banks to maximize the value of being a public company. To qualify for OTCQX, community banks must meet high financial standards, follow best practice corporate governance, and demonstrate compliance with applicable securities laws.

D.A. Davidson acted as the company’s OTCQX sponsor.

About Bankflorida Bancorp, Inc.
BankFlorida Bancorp, Inc., incorporated in February 2021, is the holding company for BankFlorida. BankFlorida serves its customers and communities by providing superior banking services.

About OTC Markets Group Inc.
OTC Markets Group Inc. (OTCQX: OTCM) operates regulated markets for trading 12,000 U.S. and international securities. Our data-driven disclosure standards form the foundation of our three public markets: OTCQX^® Best Market, OTCQB^® Venture Market and Pink^® Open Market.

Our OTC Link^® Alternative Trading Systems (ATSs) provide critical market infrastructure that broker-dealers rely on to facilitate trading. Our innovative model offers companies more efficient access to the U.S. financial markets.

OTC Link ATS, OTC Link ECN and OTC Link NQB are each an SEC regulated ATS, operated by OTC Link LLC, a FINRA and SEC registered broker-dealer, member SIPC.

To learn more about how we create better informed and more efficient markets, visit www.otcmarkets.com.

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Media Contact:
OTC Markets Group Inc., +1 (212) 896-4428, media@otcmarkets.com

FAQ

What does the OTCQX Best Market signify for Bankflorida Bancorp?

The OTCQX Best Market signifies that Bankflorida Bancorp meets high financial standards and corporate governance, enhancing its trading visibility.

When did Bankflorida Bancorp start trading on OTCQX?

Bankflorida Bancorp began trading on OTCQX under the symbol 'BKFL' on December 8, 2022.

What is the role of D.A. Davidson for Bankflorida Bancorp?

D.A. Davidson acted as the OTCQX sponsor for Bankflorida Bancorp, assisting in its qualification for trading on the OTCQX Best Market.

How does OTCQX benefit regional and community banks?

OTCQX benefits regional and community banks by providing a more efficient public market, price transparency, and broader information distribution.