OTC Markets Group Welcomes Cincinnati Bancorp, Inc. to OTCQX

Rhea-AI Summary

OTC Markets Group Inc. (OTCQX: OTCM) announced that Cincinnati Bancorp, Inc. (OTCQX: CNNB) has qualified to trade on the OTCQX® Best Market after transitioning from NASDAQ. Trading began on February 6, 2023, allowing Cincinnati Bancorp to provide better visibility and access to investors. The OTCQX Market is designed to simplify the public company experience for regional and community banks by meeting high financial standards and corporate governance. Piper Sandler & Co. served as the OTCQX sponsor for Cincinnati Bancorp, which operates multiple branches in Greater Cincinnati and Florence, Kentucky.

Positive

• Cincinnati Bancorp qualified for OTCQX Best Market, enhancing its visibility.
• Transitioning from NASDAQ may reduce costs and complexity related to being public.

Negative

• None.

NEW YORK, Feb. 06, 2023 (GLOBE NEWSWIRE) -- OTC Markets Group Inc. (OTCQX: OTCM), operator of regulated markets for trading 12,000 U.S. and international securities, today announced Cincinnati Bancorp, Inc. (OTCQX: CNNB), parent company of Cincinnati Federal, has qualified to trade on the OTCQX® Best Market. Cincinnati Bancorp, Inc. previously traded on NASDAQ.

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

The OTCQX Market enables U.S. regional and community banks to lower the cost and complexity of being a public company. Through streamlined market standards tailored for banks, OTCQX provides transparent trading, visibility and easy access to company information for shareholders. To qualify for OTCQX, community banks must meet high financial standards, follow best practice corporate governance, and demonstrate compliance with applicable securities laws.

Piper Sandler & Co. acted as the company’s OTCQX sponsor.

About Cincinnati Bancorp, Inc.
Cincinnati Bancorp, Inc. is the parent company of Cincinnati Federal. Cincinnati Federal is a community bank that operates through its main office in Green Township and three full-service branches in Greater Cincinnati (Anderson, Miami Heights, and Price Hill), and a full-service branch in Florence, Kentucky. It also operates a lending center in Milford, Ohio.

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 is the significance of Cincinnati Bancorp trading on OTCQX?

Cincinnati Bancorp's transition to OTCQX signifies improved visibility and easier access for investors, enhancing its trading environment.

When did Cincinnati Bancorp begin trading on OTCQX?

Cincinnati Bancorp began trading on OTCQX on February 6, 2023.

Who sponsored Cincinnati Bancorp's entry into OTCQX?

Piper Sandler & Co. acted as the OTCQX sponsor for Cincinnati Bancorp.

What does OTCQX provide for community banks like Cincinnati Bancorp?

OTCQX provides lower costs, transparency, and streamlined standards tailored to community banks, facilitating public company operations.

What is the ticker symbol for Cincinnati Bancorp on OTCQX?

Cincinnati Bancorp trades under the symbol 'CNNB' on OTCQX.