OTC Markets Group Welcomes Farmers & Merchants Bank of Long Beach (CA) to OTCQX
Farmers & Merchants Bank of Long Beach (OTCQX: FMBL) has transitioned to the OTCQX Best Market, previously trading on the OTCQB Venture Market. This upgrade allows the bank to enhance shareholder access to information and transparent trading. To qualify for OTCQX, the bank met high financial standards and corporate governance practices. The bank offers a wide range of banking services from 25 branches across California and online platforms. OTC Markets Group Inc. (OTCM) operates this regulated market for over 12,000 securities.
- Graduation to the OTCQX Best Market enhances visibility and trading quality.
- Farmers & Merchants Bank meets stringent financial and governance standards for OTCQX.
- None.
NEW YORK, May 05, 2022 (GLOBE NEWSWIRE) -- OTC Markets Group Inc. (OTCQX: OTCM), operator of regulated markets for 12,000 U.S. and international securities, today announced that Farmers & Merchants Bank of Long Beach (CA) (OTCQX: FMBL), which specializes in commercial, small business and consumer banking, is now trading on the OTCQX® Best Market. The Bank’s securities previously were traded on the OTCQB® Venture Market.
Farmers & Merchants Bank of Long Beach (CA) begins trading today on OTCQX. The trading symbol remains, “FMBL.” U.S. investors can find current financial disclosure and Real-Time Level 2 quotes for the company on www.otcmarkets.com.
Graduating to the OTCQX Market marks an important milestone for community banks in the U.S. public markets. The OTCQX Market enables banks to maximize the value of being a public company by providing transparent trading 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 acted as the company’s OTCQX sponsor.
About Farmers & Merchants Bank of Long Beach (CA)
Founded in Long Beach in 1907 by C.J. Walker, Farmers & Merchants Bank provides white-glove service to clients at 25 branches from San Clemente to Santa Barbara, as well as through its Online and Mobile Banking platforms. The Bank offers commercial and small business banking, business loan programs, home loans, and a robust offering of consumer retail banking products, including checking, savings and youth accounts. Farmers & Merchants Bank is a California state-chartered bank with deposits insured by the Federal Deposit Insurance Corporation (Member FDIC) and an Equal Housing Lender. For more information about F&M, please visit the website, www.fmb.com.
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 Contacts:
OTC Markets Group Inc., +1 (212) 896-4428, media@otcmarkets.com
For Farmers & Merchants Bank of Long Beach: Roger Pondel, (310) 279-5965, rpondel@pondel.com
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