Monday, 5 January 2015

OTC Markets Group Welcomes Community Bank of Santa Maria to OTCQX®

NEW YORK, Jan. 5, 2015 /TRENDINGGLOBALNEWS/ -- OTC Markets Group Inc. (OTCQX: OTCM), operator of Open, Transparent and Connected financial marketplaces, today announced Community Bank of Santa Maria (CA)(OTCQX: CYSM), a locally-owned community bank located in Santa Maria, CA, has qualified to trade on OTCQX®, the best marketplace.

 
Community Bank of Santa Maria begins trading today on OTCQX under the symbol "CYSM."  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 Community Bank of Santa Maria to the OTCQX marketplace," said R. Cromwell Coulson, President and CEO of OTC Markets Group.  "Community Bank of Santa Maria joins a growing number of small banks nationwide that are choosing to trade on OTCQX to provide their shareholders an exchange-comparable trading and information experience without the duplicative regulatory requirements of a traditional stock exchange listing.  We look forward to working with Community Bank of Santa Maria as well as our other OTCQX banks and Corporate Brokers as we build an active, transparent trading market for small community and regional banks and their shareholders." 

Janet Silveria, President and Chief Executive Officer of Community Bank of Santa Maria, expressed her enthusiasm, saying, "We are proud to be represented on OTCQX, and are excited about the benefits a comprehensive marketplace brings to our existing and potential shareholders."
D.A. Davidson & Co., through its division Crowell, Weedon & Co., serves as Community Bank of Santa Maria's Corporate Broker on OTCQX.

Community Bank of Santa Maria is the only locally-owned bank headquartered in Santa Maria, CA. The bank opened on March 1, 2001, and has three branches to serve customers in Santa Maria, Orcutt and Lompoc, CA.  It offers loans, deposits and other traditional banking services to small business customers and consumers.

About OTC Markets Group Inc.OTC Markets Group Inc. (OTCQX: OTCM) operates Open, Transparent and Connected financial marketplaces for 10,000 U.S. and global securities.  Through our OTC Link® ATS, we directly link a diverse network of broker-dealers that provide liquidity and execution services for a wide spectrum of securities.  We organize these securities into marketplaces to better inform investors of opportunities and risks – OTCQX®, The Best Marketplace; OTCQB®, The Venture Marketplace; and OTC Pink®, The Open Marketplace.  Our data-driven platform enables investors to easily trade through the broker of their choice at the best possible price and empowers a broad range of companies to improve the quality and availability of information for their investors.  To learn more about how we create better informed and more efficient financial marketplaces, visit www.otcmarkets.com.
OTC Link ATS is operated by OTC Link LLC, member FINRA/SIPC and SEC regulated ATS.
 
source:http://www.prnewswire.com/

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