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OTC Markets Group Welcomes Lyons Bancorp to OTCQX

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OTC Markets Group Welcomes Lyons Bancorp to OTCQX

PR Newswire

NEW YORK, Aug. 15, 2018 /PRNewswire/ -- OTC Markets Group Inc. (OTCQX:OTCM), operator of financial markets for 10,000 U.S. and global securities, today announced Lyons Bancorp, Inc. (OTCQX:LYBC), the financial holding company for The Lyons National Bank, has qualified to trade on the OTCQX® Best Market.  Lyons Bancorp upgraded to OTCQX from the Pink® market.

Lyons Bancorp began trading today on OTCQX under the symbol "LYBC."  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 Lyons Bancorp, Inc. to the OTCQX Best Market," said Jason Paltrowitz, Executive Vice President of Corporate Services, OTC Markets Group. "Tracing the history of The Lyons National Bank to 1852, LNB has an established history of serving its community. Lyons Bancorp joins the growing number of community and regional banks that choose to trade on our OTCQX Best Market. We look forward to continuing to support the company's growth."

"Having achieved and exceeded two critically important financial benchmarks, reaching $1 billion in assets and $100 million in market capitalization, we look to improve the liquidity of our shares and further enhance their value to our shareholders," said Lyons Bancorp Chairman and Chief Executive Officer, Robert A. Schick. "The OTCQX Market will help us in this endeavor as it will give visibility to investors interested in a growth-oriented and financially strong community bank."

Lyons Bancorp was sponsored for OTCQX by Boenning & Scattergood, Inc., a qualified third-party firm responsible for providing guidance on OTCQX requirements and recommending membership. 

About Lyons Bancorp, Inc.
The Lyons National Bank is a community bank located in the Finger Lakes region of Upstate New York with offices in Lyons, Clyde, Macedon, Newark, Ontario, and Wolcott in Wayne County; Jordan in Onondaga County; Geneva and Canandaigua in Ontario County; Penn Yan in Yates County; Waterloo in Seneca County; and Perinton in Monroe County; and Auburn in Cayuga County. The Lyons National Bank has one subsidiary, Lyons Realty Associates Corp.

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.

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

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

 

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SOURCE OTC Markets Group Inc.

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