Pinnacle Bank Begins Trading on OTCQX

Pinnacle Bank (OTCQX:PBNK) announced that effective March 18, 2015 its common stock began trading on OTCQX. The Bank’s symbol will continue to be PBNK. The OTCQX is the most sophisticated market operated by OTC Markets Group, Inc.

The OTCQX for banks is an extension of the OTCQX marketplace and was created to assist strongly capitalized well managed banks that have committed to provide higher level reporting and greater transparency. To qualify for inclusion in the OTCQX marketplace, the bank must meet high financial reporting standards and be current in reporting to bank regulators. Members are required to provide quarterly results and information on material events as they occur. They must also appoint a FINRA member broker dealer specializing in bank stocks. Crowell Weedon & Co., a division of D.A. Davidson & Co., a nationally recognized firm specializing in banks, will serve as Pinnacle Bank’s Corporate Broker on OTCQX. The Bank believes that the higher reporting requirements, greater transparency and addition of a dedicated corporate broker will build confidence with stockholders and potential investors.

Pinnacle Bank’s President and CEO Susan K. Black said, “We are pleased that Pinnacle Bank has been approved to trade on the OTCQX marketplace. The increased visibility and transparency of being elevated to the OTCQX marketplace is expected to increase the liquidity of our shares and ultimately improve shareholder value, consistent with our commitment to increase shareholder value."

Pinnacle Bank is a full-service business bank dedicated to providing quality depository and credit services in Santa Clara, San Benito and Monterey counties. The bank focuses on commercial banking services for businesses and nonprofit organizations, offering a variety of products and services that combine the best of personal touch with convenient technology-based delivery. Pinnacle Bank has locations in Morgan Hill, Gilroy and Salinas. For more information please go to www.pinnaclebankonline.com.

Forward-Looking Statements

This release may contain forward-looking statements, such as, among others, statements about plans, expectations and goals concerning growth and improvement. Forward-looking statements are subject to risks and uncertainties. Such risks and uncertainties may include, but are not necessarily limited to fluctuations in interest rates, inflation, government regulations and general economic conditions, including the real estate market in our primary service area and more generally in California and other factors beyond the Bank's control. Such risks and uncertainties could cause results for subsequent interim periods or for the entire year to differ materially from those indicated. Readers should not place undue reliance on the forward-looking statements, which reflect management's view only as of the date hereof. Pinnacle Bank undertakes no obligation to publicly revise these forward-looking statements to reflect subsequent events or circumstances.

Pinnacle BankSusan K. Black, 408-762-7140President & CEO

Pinnacle Bank (QB) (USOTC:PBNK)
Historical Stock Chart
From May 2024 to Jun 2024