The parent of Simsbury Bank & Trust Co. Inc. now trades over the counter in a marketplace suited for established, global and growth companies, authorities say.
Effective Wednesday, SBT Corp. trades on OTCQX, the marketplace operated by New York-based OTC Markets Group, SBT President and CEO Martin J. Geitz said. SBT previously traded on a separate OTC market under the ticker symbol SBTB, which is unchanged.
Geitz said OTC Markets Group’s most robust and prestigious marketplace, will provide SBT’s shareholders and potential investors “with greater transparency, broader distribution of information, and more exposure for our shares… The requirements for banks to be traded on OTCQX help to highlight those banks seeking to perform at the highest levels and will enhance shareholder value.”
FIG Partners LLC serves as SBT’s corporate broker on OTCQX.
With $410 million in assets, Simsbury Bank serves retail and commercial customers throughout the Farmington Valley.
