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
