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Wednesday, November 12, 2014 10:12:54 AM
BNCCORP, INC. (OTCQX: BNCC) announced that its common stock began trading today on the OTCQX marketplace, operated by OTC Markets Group, Inc. Previously, the Company's shares traded on the OTCQB venture marketplace. The Company's stock symbol, "BNCC," remains the same.
BNCCORP, INC. is a bank holding company with total assets of nearly $900 million at September 30, 2014, whose principal subsidiary is BNC National Bank.
OTCQX is the best marketplace for established global and growth companies operated by OTC Markets Group. OTCQX for banks is an expansion of the OTCQX marketplace and was created to provide a shareholder-friendly trading experience for strongly capitalized, well managed banking institutions that have committed to provide higher level reporting and greater transparency to investors. To qualify for OTCQX, financial institutions must meet high financial reporting standards, be current in their reporting to their banking regulator and, if applicable, the SEC, and report material events as they occur. They must also appoint a Corporate Broker, a FINRA member broker-dealer specializing in trading and advising banks, to serve as their OTCQX advisor. D.A. Davidson & Co. will serve as BNC's Corporate Broker on OTCQX.
Timothy J. Franz, BNCCORP President and Chief Executive Officer, said, "The move to OTCQX is a reflection of the Company's operational and financial progress in recent years, as well as a demonstration of our commitment to building shareholder value. Trading on a trusted marketplace with robust financial reporting standards, a reputation for transparency, and Corporate Broker support will build the confidence of current stockholders and potential investors. We believe this will heighten the visibility of our Company and increase the liquidity of our shares, making BNCC more attractive to a wider shareholder base."
BNCCORP, INC., headquartered in Bismarck, N.D., is a registered bank holding company dedicated to providing banking and wealth management services to businesses and consumers in its local markets. The Company operates community banking and wealth management businesses in North Dakota, Arizona and Minnesota from 14 locations. BNC also conducts mortgage banking from 12 offices in Illinois, Kansas, Minnesota, Arizona and North Dakota.
U.S. investors can find current financial disclosure and Real-Time Level 2 quotes for the Company on www.otcmarkets.com.
SOURCE BNCCORP, INC.
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