Community Bancorp, the holding company for Community National Bank in Derby, Vermont, (OTCQX: CMTV) has qualified to upgrade its common stock to OTCQX, the top financial marketplace for established, global and growth companies operated by OTC Markets Group. The company previously traded on OTCQB, the venture marketplace operated by OTC Markets Group.
Community Bancorp is the 52nd US community bank and the 1st Vermont-based bank to join OTCQX since OTC Markets Group introduced streamlined OTCQX qualification requirements for community banks last spring. To qualify for OTCQX, banks must meet high qualitative and quantitative financial standards, be current in their reporting to their bank regulator and, if applicable, the U.S. Securities and Exchange Commission (SEC), and regularly publish their news and financial disclosure for investors. In addition, they must appoint a “Corporate Broker,” a broker-dealer specializing in trading bank stocks, to serve as their advisor on OTCQX. Monroe Financial Partners Inc. serves as Community Bancorp's Corporate Broker.
Other banks that recently joined OTCQX include: Katahdin Bankshares Corp. of Patten, Maine; First National Community Bancorp of Dunmore, PA; and Alerus Financial Corp. of Grand Forks, ND.
OTC Markets Group Inc.(OTCQX: OTCM), is the operator of Open, Transparent and Connected financial marketplaces.
Community Bancorp begins trading today on OTCQX under the symbol "CMTV." US investors can find current financial disclosure and Real-Time Level 2 quotes for the company onwww.otcmarkets.com.
"Community Bancorp's Community National Bank has been serving the financial needs of citizens and businesses in northernVermontfor over 150 years," saidR Cromwell Coulson, President and CEO of OTC Markets Group. "We are pleased to welcome Community Bancorp to OTCQX and look forward to supporting the company and its shareholders for generations to come."
Monroe Financial Partners Inc serves as Community Bancorp's Corporate Broker on OTCQX.
Community Bancorp conducts principally all of the corporation's business through its subsidiary, Community National Bank, servingVermont communities since 1851. The bank's main office is located inDerby, Vermont, with 13 branch offices throughout northernVermont. The company's motto, "In these communities to serve," reflects its unwavering commitment to its customers and its communities.
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, visitwww.otcmarkets.com.
OTC Link ATS is operated by OTC Link LLC, member FINRA/SIPC and SEC regulated ATS.
Source: NEW YORK,Feb. 18, 2015/PRNewswire/ --OTC Markets Group Inc.