BISMARCK, N.D., Nov. 12, 2014 /PRNewswire/ -- BNCCORP, INC.
(OTCQX: BNCC) announced that its common stock began trading today
on the OTCQX marketplace, operated by OTC Markets Group, Inc.
Previously, the Company's shares traded on the OTCQB venture
marketplace. The Company's stock symbol, "BNCC," remains the
same.
BNCCORP, INC. is a bank holding company with total assets of
nearly $900 million at September 30, 2014, whose principal subsidiary is
BNC National Bank.
OTCQX is the best marketplace for established global and growth
companies operated by OTC Markets Group. OTCQX for banks is an
expansion of the OTCQX marketplace and was created to provide a
shareholder-friendly trading experience for strongly capitalized,
well managed banking institutions that have committed to provide
higher level reporting and greater transparency to investors. To
qualify for OTCQX, financial institutions must meet high financial
reporting standards, be current in their reporting to their banking
regulator and, if applicable, the SEC, and report material events
as they occur. They must also appoint a Corporate Broker, a FINRA
member broker-dealer specializing in trading and advising banks, to
serve as their OTCQX advisor. D.A.
Davidson & Co. will serve as BNC's Corporate Broker on
OTCQX.
Timothy J. Franz, BNCCORP
President and Chief Executive Officer, said, "The move to OTCQX is
a reflection of the Company's operational and financial progress in
recent years, as well as a demonstration of our commitment to
building shareholder value. Trading on a trusted marketplace with
robust financial reporting standards, a reputation for
transparency, and Corporate Broker support will build the
confidence of current stockholders and potential investors. We
believe this will heighten the visibility of our Company and
increase the liquidity of our shares, making BNCC more attractive
to a wider shareholder base."
BNCCORP, INC., headquartered in Bismarck, N.D., is a registered bank holding
company dedicated to providing banking and wealth management
services to businesses and consumers in its local markets. The
Company operates community banking and wealth management businesses
in North Dakota, Arizona and Minnesota from 14 locations. BNC also conducts
mortgage banking from 12 offices in Illinois, Kansas, Minnesota, Arizona and North Dakota.
U.S. investors can find current financial disclosure and
Real-Time Level 2 quotes for the Company on www.otcmarkets.com.
This news release may contain "forward-looking statements"
within the meaning of the safe harbor provisions of the Private
Securities Litigation Reform Act of 1995 with respect to the
financial condition, results of operations, plans, objectives,
future performance and business of BNC. Forward-looking statements,
which may be based upon beliefs, expectations and assumptions of
our management and on information currently available to management
are generally identifiable by the use of words such as "expect",
"believe", "anticipate", "plan", "intend", "estimate", "may",
"will", "would", "could", "should", "future" and other expressions
relating to future periods. Examples of forward-looking statements
include, among others, statements we make regarding our belief that
we have exceptional liquidity, our expectations regarding future
market conditions and our ability to capture opportunities and
pursue growth strategies, our expected operating results such as
revenue growth and earnings, and our expectations of the effects of
the regulatory environment on our earnings for the foreseeable
future. Forward-looking statements are neither historical
facts nor assurances of future performance. Our actual
results and financial condition may differ materially from those
indicated in the forward-looking statements. Therefore, you
should not rely on any of these forward-looking statements.
Important factors that could cause our actual results and financial
condition to differ materially from those indicated in the
forward-looking statements include, but are not limited to: the
impact of current and future regulation; the risks of loans and
investments, including dependence on local and regional economic
conditions; competition for our customers from other providers of
financial services; possible adverse effects of changes in interest
rates, including the effects of such changes on mortgage banking
revenues and derivative contracts and associated accounting
consequences; risks associated with our acquisition and growth
strategies; and other risks which are difficult to predict and many
of which are beyond our control. In addition, all statements in
this news release, including forward-looking statements, speak only
of the date they are made, and the Company undertakes no obligation
to update any statement in light of new information or future
events.
SOURCE BNCCORP, INC.