Commencement Bank, which maintains a presence in downtown Enumclaw, announced that the company’s common stock began trading on the OTCQX Best marketplace under the ticker symbol “CBWA.”
OTCQX for Banks, an expansion of the OTCQX Best Marketplace, is designed to increase the visibility of regional and community banks in the public markets. Qualifying banks must meet high financial standards and be current in their reporting to their bank regulator and, if applicable, the SEC.
“We are very pleased that Commencement Bank has been approved to trade on the OTCQX marketplace and see this as an important step towards reaching our strategic growth initiatives”, Hal Russell, president and CEO of Commencement Bank, said in a press release.
“Having an efficient vehicle in which our shareholders may trade Commencement Bank shares meets one of our objectives of creating greater liquidity within our stock base.”
Commencement Bank, headquartered in Tacoma, operates a loan center at the corner of Myrtle Avenue and Cole Street in Enumclaw. The bank was formed in 2006 to provide options to consumers and businesses in the South Sound.
For more information, visit www.commencementbank.com.