NEW YORK, Jan. 22, 2020–(PRNewswire)–OTC Markets Group Inc. (OTCQX: OTCM), operator of financial markets for 10,000 U.S. and global securities, today announced InBankshares, Corp (OTCQX: INBC), the holding company for InBank, an independent commercial bank serving the Denver Metro Area, southern Colorado and northern New Mexico, has qualified to trade on the OTCQX® Best Market. InBankshares, Corp was previously privately-held.
InBankshares, Corp begins trading today on OTCQX under the symbol “INBC.” U.S. investors can find current financial disclosure and Real-Time Level 2 quotes for the company on www.otcmarkets.com.
The OTCQX Market provides investors with a transparent and efficient U.S. public market to research and trade the shares of established, investor-focused public community banks. OTCQX-traded community banks must meet high financial standards, follow best practice corporate governance, and demonstrate compliance with applicable securities laws. Going public on the OTCQX Market enables banks to build visibility, diversify their shareholder base and enhance liquidity for their investors.
“This is an exciting opportunity for our shareholders and associates. OTCQX has provided us with the right platform at the right time to provide liquidity in our stock and enable investors to be a part of our continued growth,” said Ed Francis, Chairman of the Board, President and Chief Executive Officer for InBankshares, Corp and InBank. “We are a well-capitalized commercial bank led by a team of deeply experienced commercial banking executives. We believe we are uniquely positioned to fill a void left by the recent bank consolidations in Denver. We are on course to become the premier business bank in the Denver Metro Area allowing us to build significant value in the marketplace for clients and investors.”
Raymond James & Associates Inc. acted as the company’s OTCQX sponsor.