CHICAGO, Aug. 4, 2014 /PRNewswire/ -- Marquette
National Corporation (OTCQX: MNAT) today announced that its common
stock began trading today on the OTCQX marketplace, operated by OTC
Markets Group. Prior to this, the Company's shares traded on
the OTCQB marketplace. The Company's stock symbol, "MNAT", remains
the same.
To qualify for the OTCQX marketplace, banks and bank holding
companies must meet high financial standards and be current in
their reporting to bank regulators. They are also required to
provide quarterly financial results and timely dissemination of
material events and appoint a Corporate Broker, a FINRA-member
broker-dealer, to serve as their OTCQX advisor. Collectively, these
actions provide a trusted marketplace which builds confidence with
shareholders and potential investors. Over time, the Company
believes the OTCQX marketplace will provide better visibility and
exposure to the Company, which would improve the liquidity of the
Company's stock.
Paul M. McCarthy, Chairman and
Chief Executive Officer of the Company stated, "One of the
Company's primary goals of applying to be a part of the OTCQX
marketplace, in conjunction with our recent 4-for-1 stock split,
was to improve the liquidity of the Company's common stock over
time. These actions are intended to make our stock accessible
to a wider range of investors with the hope that it will increase
our overall shareholder base."
McAdams Wright Ragen, Inc. serves as the Company's Corporate
Broker on OTCQX.
Shareholders can find Real-Time Level 2 quotes and current
financial disclosures for the Company at www.otcmarkets.com.
Marquette National Corporation is a diversified bank holding
company with total assets of approximately $1.55 billion. The Company's banking
subsidiary, Marquette Bank, is a full-service, community bank that
serves the financial needs of communities in Chicagoland, offering
an extensive line of financial solutions including retail banking,
real estate lending, trust, investments, wealth management and
business banking to consumers and commercial customers.
Marquette Bank has 22 branches located in Chicago, Aurora, Bolingbrook, Bridgeview, Evergreen Park, Hickory Hills, Lemont, New
Lenox, Oak Forest,
Oak Lawn, Orland Park, Romeoville and Summit, Illinois. For more information
visit: http://www.emarquettebank.com.
Special Note Concerning Forward-Looking
Statements
This document contains, and future oral
and written statements of the Company and its management may
contain, forward-looking statements with respect to the financial
condition, results of operations, plans, objectives, future
performance and business of the Company. Forward-looking
statements, which may be based upon beliefs, expectations and
assumptions of the Company's management and on information
currently available to management, are generally identifiable by
the use of words such as "believe," "expect," "anticipate," "plan,"
"intend," "estimate," "may," "will," "would," "could," "should" or
other similar expressions. A number of factors, many of which
are beyond the ability of the Company to control or predict, could
cause actual results to differ materially from those in its
forward-looking statements. These factors include,
among others, the following: (i) the strength of the local and
national economy; (ii) the economic impact of any future
terrorist threats and attacks, and the response of the United States to any such threats and
attacks; (iii) changes in state and federal laws, regulations
and governmental policies concerning the Company's general
business, including Basel III, the Dodd-Frank Wall Street Reform
and Consumer Protection Act and the regulations issued thereunder;
(iv) changes in interest rates and prepayment rates of the
Company's assets; (v) increased competition in the financial
services sector and the inability to attract new customers;
(vi) changes in technology and the ability to develop and
maintain secure and reliable electronic systems; (vii) the
loss of key executives or employees; (viii) changes in
consumer spending; (ix) unexpected outcomes of existing or new
litigation involving the Company; and (x) changes in
accounting policies and practices. These risks and
uncertainties should be considered in evaluating forward-looking
statements and undue reliance should not be placed on such
statements. Additionally, all statements in this document,
including forward-looking statements, speak only as 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 Marquette National Corporation