Triad Business Bank Announces OTC Market Quotation (OTC Pink: TBBC)
Triad Business Bank has announced that its common stock will trade under the ticker symbol TBBC on the OTC Pink Market as of October 7, 2020. The Bank's CEO, Ramsey K. Hamadi, stated that this move aims to enhance visibility and improve liquidity for shareholders. Janney Montgomery Scott, LLC, the Bank's placement agent, will provide market making services, potentially increasing trading activity in the bank's stock over time. Triad Business Bank focuses on serving the needs of small to midsize businesses, offering loans and treasury management.
- Common stock now trading as 'TBBC' on the OTC Pink Market, enhancing visibility.
- Janney Montgomery Scott committed to market making, which may improve liquidity.
- None.
Greensboro, N.C., Oct. 07, 2020 (GLOBE NEWSWIRE) -- Triad Business Bank (the “Bank”) announced today that the Bank’s common stock has been assigned the ticker symbol “TBBC” and has begun trading on the OTC Pink® Market (OTC Pink: TBBC).
“We believe that securing the quotation of our common stock on the OTC Market will increase the visibility of our bank and will provide shareholders the opportunity for greater liquidity in their investment,” said Ramsey K. Hamadi, Chief Executive and Financial Officer.
Market Makers
Janney Montgomery Scott, LLC, which served as the Bank’s placement agent in its initial offering, has committed to provide market making services to the Bank’s shareholders. Janney is a Philadelphia, PA based broker dealer with 320+ companies under research coverage on the NASDAQ and OTC Markets. Questions or inquiries regarding market making may be directed to:
Anthony Bello
Equity Salesperson
Janney Montgomery Scott, LLC
1475 Peachtree Street NE, Suite 800
Atlanta, GA 30309
Phone: 404-601-7236
Email: abello@janney.com
It is anticipated that over time additional broker dealers will also make a market in the Bank’s common stock, leading to additional liquidity.
About Triad Business Bank
With three co-equal offices located in Winston-Salem, High Point and Greensboro, Triad Business Bank (OTC Pink: TBBC) focuses on meeting the needs of small to midsize businesses and their owners by providing loans, treasury management and private banking, all with a high level of personal attention and best-in-class technology. For more information, visit www.triadbusinessbank.com
Forward Looking Language
This release contains certain forward-looking statements with respect to the financial condition, results of operations and business of Triad Business Bank. These forward-looking statements involve risks and uncertainties and are based on the beliefs and assumptions of management of Triad Business Bank and on the information available to management at the time that these disclosures were prepared. These statements can be identified by the use of words like “expect,” “anticipate,” “estimate” and “believe,” variations of these words and other similar expressions. Readers should not place undue reliance on forward-looking statements as a number of important factors could cause actual results to differ materially from those in the forward-looking statements. Triad Business Bank undertakes no obligation to update any forward-looking statements.
FAQ
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