OTC Markets Group Welcomes TC Bancshares, Inc. to OTCQX
OTC Markets Group Inc. (OTCQX: OTCM) has announced that TC Bancshares, Inc. (OTCQX: TCBC), the holding company for TC Federal Bank, has qualified to trade on the OTCQX® Best Market. TC Bancshares previously traded on NASDAQ and began trading on OTCQX on August 2, 2024, under the symbol 'TCBC'. The OTCQX Market allows U.S. regional and community banks to reduce costs and complexity associated with being a public company through streamlined market standards.
To qualify for OTCQX, banks must meet high financial standards, follow best practice corporate governance, and demonstrate compliance with securities laws. Greg Eiford, CEO of TC Bancshares, expressed enthusiasm about the move, stating that the board believes the transition to OTCQX will benefit both the company and its shareholders.
OTC Markets Group Inc. (OTCQX: OTCM) ha annunciato che TC Bancshares, Inc. (OTCQX: TCBC), la holding per TC Federal Bank, ha ottenuto l'idoneità per essere quotata sul mercato OTCQX® Best Market. TC Bancshares è stata precedentemente quotata su NASDAQ e ha iniziato a trattare su OTCQX il 2 agosto 2024, con il simbolo 'TCBC'. Il mercato OTCQX consente alle banche regionali e comunitarie statunitensi di ridurre i costi e la complessità associati allo status di società pubblica attraverso standard di mercato semplificati.
Per qualificarsi per OTCQX, le banche devono soddisfare alti standard finanziari, seguire le migliori pratiche di governance aziendale e dimostrare il rispetto delle leggi sui titoli. Greg Eiford, CEO di TC Bancshares, ha espresso entusiasmo per il cambiamento, affermando che il consiglio crede che il passaggio a OTCQX porterà benefici sia per l'azienda che per i suoi azionisti.
OTC Markets Group Inc. (OTCQX: OTCM) ha anunciado que TC Bancshares, Inc. (OTCQX: TCBC), la empresa matriz de TC Federal Bank, ha calificado para cotizar en el mercado OTCQX® Best Market. TC Bancshares cotizaba anteriormente en NASDAQ y comenzó a cotizar en OTCQX el 2 de agosto de 2024, bajo el símbolo 'TCBC'. El mercado OTCQX permite a los bancos regionales y comunitarios de EE. UU. reducir costos y complejidad asociados con ser una empresa pública a través de estándares de mercado simplificados.
Para calificar para OTCQX, los bancos deben cumplir con altos estándares financieros, seguir las mejores prácticas de gobernanza corporativa y demostrar cumplimiento con las leyes de valores. Greg Eiford, CEO de TC Bancshares, expresó su entusiasmo por el movimiento, afirmando que la junta cree que la transición a OTCQX beneficiará tanto a la empresa como a sus accionistas.
OTC 마켓 그룹 주식회사 (OTCQX: OTCM)는 TC 뱅크쉐어스 주식회사 (OTCQX: TCBC)가 TC 연방은행의 지주회사가 되어 OTCQX® 베스트 마켓에서 거래할 수 있는 자격을 갖추었음을 발표했습니다. TC 뱅크쉐어스는 이전에 NASDAQ에서 거래되었으며 2024년 8월 2일 OTCQX에서 'TCBC' 기호로 거래를 시작했습니다. OTCQX 마켓은 미국의 지역 및 커뮤니티 은행이 상장기업으로서의 비용과 복잡성을 줄일 수 있도록 간소화된 시장 기준을 제공합니다.
OTCQX에 자격을 얻으려면 은행은 높은 재무 기준을 충족해야 하며, 최고의 기업 거버넌스 관행을 따르고 증권 법규를 준수해야 합니다. TC 뱅크쉐어스의 CEO인 그렉 아이포드는 이 이동에 대한 열정을 표명하며 이사회가 OTCQX로의 전환이 회사와 주주 모두에게 혜택을 줄 것이라고 믿고 있다고 전했습니다.
OTC Markets Group Inc. (OTCQX: OTCM) a annoncé que TC Bancshares, Inc. (OTCQX: TCBC), la société mère de TC Federal Bank, a obtenu l'aptitude à être cotée sur le marché OTCQX® Best Market. TC Bancshares était précédemment coté sur NASDAQ et a commencé à négocier sur OTCQX le 2 août 2024, sous le symbole 'TCBC'. Le marché OTCQX permet aux banques régionales et communautaires américaines de réduire les coûts et la complexité associés à leur statut de société publique grâce à des normes de marché simplifiées.
Pour se qualifier pour l'OTCQX, les banques doivent respecter des normes financières élevées, suivre les meilleures pratiques de gouvernance d'entreprise et démontrer leur conformité aux lois sur les valeurs mobilières. Greg Eiford, PDG de TC Bancshares, a exprimé son enthousiasme quant à ce changement, affirmant que le conseil d'administration est convaincu que cette transition vers l'OTCQX sera bénéfique pour l'entreprise et ses actionnaires.
Die OTC Markets Group Inc. (OTCQX: OTCM) hat bekannt gegeben, dass TC Bancshares, Inc. (OTCQX: TCBC), die Muttergesellschaft der TC Federal Bank, für den Handel im OTCQX® Best Market qualifiziert ist. TC Bancshares wurde zuvor an der NASDAQ gehandelt und begann am 2. August 2024 unter dem Symbol 'TCBC' im OTCQX zu handeln. Der OTCQX-Markt ermöglicht es regionalen und kommunalen Banken in den USA, Kosten und Komplexität im Zusammenhang mit dem Status einer börsennotierten Gesellschaft durch vereinfachte Marktstandards zu reduzieren.
Um sich für OTCQX zu qualifizieren, müssen Banken hohe finanzielle Standards erfüllen, bewährte Praktiken der Unternehmensführung befolgen und die Einhaltung der Wertpapiergesetze nachweisen. Greg Eiford, CEO von TC Bancshares, äußerte seine Begeisterung über den Wechsel und erklärte, dass der Vorstand glaubt, dass der Übergang zu OTCQX sowohl dem Unternehmen als auch seinen Aktionären zugutekommen wird.
- Transition to OTCQX market may reduce costs and complexity for TC Bancshares
- OTCQX provides transparent trading and easy access to company information for shareholders
- TC Bancshares meets high financial standards and best practice corporate governance required for OTCQX
- Delisting from NASDAQ may reduce visibility and liquidity for TC Bancshares stock
NEW YORK, Aug. 02, 2024 (GLOBE NEWSWIRE) -- OTC Markets Group Inc. (OTCQX: OTCM), operator of regulated markets for trading 12,000 U.S. and international securities, today announced TC Bancshares, Inc. (OTCQX: TCBC), the holding company for TC Federal Bank, has qualified to trade on the OTCQX® Best Market. TC Bancshares, Inc. previously traded on NASDAQ.
TC Bancshares, Inc. begins trading today on OTCQX under the symbol “TCBC.” 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.
Greg Eiford, the Chief Executive Officer of TC Bancshares, Inc., commented, “We are excited about our move to OTC Markets Group. Our Board of Directors, after thoughtful consideration, fully believes that the efficiencies that will be gained from transitioning to trading on the OTCQX Market is in the best interest of our company and our shareholders.”
About TC Bancshares, Inc.
TC Bancshares, Inc. was formed in July 2021 and serves as the holding company for TC Federal Bank. TC Federal Bank was established in Thomasville, Georgia in 1934. What began as a Savings & Loan by the citizens of Thomas County during the Great Depression, has grown into a
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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OTC Markets Group Inc., +1 (212) 896-4428, media@otcmarkets.com
FAQ
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