NEW YORK, April 16, 2015 /PRNewswire/ -- OTC Markets
Group Inc. (OTCQX: OTCM), operator of Open, Transparent and
Connected financial marketplaces, today announced Paragon
Commercial Corporation. (OTCQX: PBNC), the holding company for
Paragon Bank serving Raleigh,
Cary and Charlotte, NC, has qualified to trade on the
OTCQX® Best Marketplace.
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Paragon Commercial begins trading today on OTCQX under the
symbol "PBNC." U.S. investors can find current financial
disclosure and Real-Time Level 2 quotes for the company on
www.otcmarkets.com.
"We are proud to welcome Paragon Commercial to the family of
investor-friendly community banks on OTCQX," said R. Cromwell Coulson, President and CEO of OTC
Markets Group. "Trading on OTCQX will expose Paragon
Commercial to more investors while enabling the company to convey
its reputation through transparent trading and convenient access to
its news and financial disclosure. We look forward to working with
Paragon as it continues to grow and enhance long-term value for its
shareholders."
"Paragon Bank is pleased to be part of the OTCQX marketplace.
This opportunity will allow us a broader market with whom we
can share our unique banking model and assist us in growing
liquidity for our shareholders," stated Robert C. Hatley, President and CEO of Paragon
Bank.
Raymond James & Associates,
Inc. serves as Paragon Commercial Corporation's Corporate Broker on
OTCQX.
Founded in Raleigh, North
Carolina, in 1999, Paragon Commercial Corporation, the
holding company for Paragon Bank with assets of $1.3 billion, provides a private banking
experience to small and middle market companies, nonprofit
organizations, law firms and title companies as well as
professionals, executives, entrepreneurs and other individuals.
Paragon's commitment to an extraordinary client experience is
built on the philosophy that clients deserve well prepared bankers
who are present and fully available, and proactive about helping
clients achieve their goals. Banking services are provided
through highly responsive professionals, an extensive courier
service, online and mobile technologies, free worldwide ATM access,
and a select number of strategically placed offices in Raleigh, Cary
and Charlotte, North Carolina.
For more information, visit http://ParagonBank.com.
About OTC Markets Group Inc.
OTC Markets Group Inc.
(OTCQX: OTCM) operates Open, Transparent and Connected financial
marketplaces for 10,000 U.S. and global securities. Through
our OTC Link® ATS, we directly link a diverse network of
broker-dealers that provide liquidity and execution services for a
wide spectrum of securities. We organize these securities
into marketplaces to inform investors of opportunities and risks:
the OTCQX® Best Marketplace; the OTCQB® Venture Marketplace; and
the OTC Pink® Open Marketplace. Our data-driven platform
enables investors to easily trade through the broker of their
choice at the best possible price and empowers a broad range of
companies to improve the quality and availability of information
for their investors. To learn more about how we create better
informed and more efficient financial marketplaces, visit
www.otcmarkets.com.
OTC Link ATS is operated by OTC Link LLC, member FINRA/SIPC and
SEC regulated ATS.
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Media Contact:
Saskia
Sidenfaden, OTC Markets Group Inc., +1 (212) 896-4428,
saskia@otcmarkets.com
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/otc-markets-group-welcomes-paragon-commercial-to-otcqx-300066834.html
SOURCE OTC Markets Group Inc.
