Quakertown-based QNB Corp., the parent company of QNB Bank, recently announced it qualified to trade on the OTCQX Best Market. The company trades under the symbol QNBC.
“As we approach our 150-year anniversary of providing exceptional community banking services in Pennsylvania, QNB Corp. is pleased to bring our incredible story to the national OTCQX trading stage,” David W. Freeman, QNB Corp. officer and QNB Bank president and CEO, said, “We are confident this move will assist in generating broad investor interest and enhance value for all shareholders.”
The company previously traded on the Pink Open Market. Upgrading enables banks to provide shareholders with transparent trading and easy access to company information, maximizing the value of being a public company. To qualify, community banks must follow best-practice corporate governance, meet high financial standards, and demonstrate compliance with applicable securities laws.
QNB Bank operates 12 branches in Bucks, Lehigh, and Montgomery counties, provides securities and advisory services under QNB Financial Services through a registered Broker/Dealer and Registered Investment Advisor, and title insurance as a member of Laurel Abstract Company LLC.
OTC Markets Group operates regulated markets for trading 12,000 U.S. and international securities through three public markets: OTCQX Best Market, OTCQB Venture Market and Pink Open Market.