Market Overview

OTC Markets Group Welcomes Equitable Financial Corp. to OTCQX

Share:

OTC Markets Group Welcomes Equitable Financial Corp. to OTCQX

PR Newswire

NEW YORK, July 31, 2018 /PRNewswire/ -- OTC Markets Group Inc. (OTCQX:OTCM), operator of financial markets for 10,000 U.S. and global securities, today announced Equitable Financial Corp. (OTCQX:EQFN), the holding company for Equitable Bank headquartered in Nebraska, has qualified to trade on the OTCQX® Best Market. Equitable Financial Corp. previously traded on NASDAQ.    

Equitable Financial Corp. begins trading today on OTCQX under the symbol "EQFN."  U.S. investors can find current financial disclosure and Real-Time Level 2 quotes for the company on www.otcmarkets.com.

"We are pleased to welcome Equitable Financial Corp., which has a 135-year history serving communities in Nebraska, to the OTCQX Best Market," said Jason Paltrowitz, Executive Vice President of Corporate Services at OTC Markets Group. "Equitable Financial Corp. is the tenth bank to begin trading on OTCQX this year. OTCQX enables companies to efficiently demonstrate their financial qualifications and provide timely disclosure to investors, while building visibility and long-term shareholder value." 

"Equitable Financial Corp. is pleased to be joining the OTCQX," said Thomas Gdowski, President/CEO of Equitable Financial Corporation. "We expect that the robust market offered by OTCQX will provide a very effective trading platform to promote liquidity for our shareholders.  The Company's board believes that the expense reductions characteristically seen with delisting from NASDAQ will benefit the Company and its stockholders and ultimately enhance long-term value by allowing management to focus on core banking operations as opposed to the energy and expense needed to comply with the SEC reporting requirements."

Keefe Bruyette & Woods, Inc. will serve as the Equitable Financial Corp.'s Corporate Broker, a qualified third-party firm responsible for providing guidance on OTCQX requirements.  

About Equitable Financial Corp.
Equitable Financial Corp. is the holding company for Equitable Bank. Equitable Bank has been in operation in Grand Island since 1882. A full-service bank with 4 branches in Grand Island, North Platte and Omaha, Equitable offers consumer, commercial and ag loans, home loans, checking and savings accounts, financial planning and retirement services.

About OTC Markets Group Inc.
OTC Markets Group Inc. (OTCQX:OTCM) operates the OTCQX® Best Market, the OTCQB® Venture Market and the Pink® Open Market for 10,000 U.S. and global securities.  Through OTC Link® ATS and OTC Link ECN, we connect a diverse network of broker-dealers that provide liquidity and execution services.  We enable investors to easily trade through the broker of their choice and empower companies to improve the quality of information available for investors.

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

OTC Link ATS and OTC Link ECN are operated by OTC Link LLC, member FINRA/SIPC and SEC regulated ATS.

Subscribe to the OTC Markets RSS Feed

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

OTC Markets Group logo. (PRNewsFoto/OTC Markets Group)

 

Cision View original content with multimedia:http://www.prnewswire.com/news-releases/otc-markets-group-welcomes-equitable-financial-corp-to-otcqx-300688789.html

SOURCE OTC Markets Group Inc.

View Comments and Join the Discussion!