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