OTC Markets Group Adds Arkansan Bank to OTCQX Market

otcOTC Markets Group, an American financial market providing price and liquidity information for almost 10,000 over-the-counter securities, has added White River Bancshares Company (OTCQX: WRIV) to trade on the OTCQX® Best Market.

Jason Paltrowitz, Executive Vice President of OTC Markets Group, said:”We are pleased to welcome White River Bancshares Company as the first community bank from Arkansas to join our OTCQX Best Market. With a 12-year history as a private community bank, trading on the OTCQX BestMarket will provide White River Bancshares’s new and existing
shareholders with a public market for efficient trading and price transparency.”

otcThe OTCQX market includes both multinational companies seeking access to U.S. investors and domestic growth companies. White River had to undergo a qualitative review by OTC Markets Group before being listed as they are not required to be registered with or reporting to the SEC.

OTC Markets Groups requires U.S. companies to be ongoing operations while foreign issuers must meet the requirements of qualified foreign exchanges. Additionally, every issuer must be sponsored by approved third-party investment banks or law firms, called OTCQX Sponsors.

Greg Lee, Chairman of White River Bancshares Company, commented:

“We’re happy to trade on the OTCQX Market to help tell our story and provide White River Bancshares Company shareholders and prospective investors with a streamlined stock buy-sell trade process. The decision to move WRIV stock to OTCQX, a premium public market, perfectly aligns with our Board’s 2018 directive and Management’s commitment to improve liquidity and to increased franchise value.”

The SEC views many of the lower-tier companies traded on OTC Markets as “among the most risky investments” and advises potential investors to heavily research the companies in which they plan to invest.