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October 24, 2019

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Liberty Bancshares now traded over the counter

Trading began today - using the symbol "LBSI"

OTC Markets Group Inc., today announced Liberty Bancshares Inc., the holding company for Liberty National Bank, headquartered in Ada, has qualified to trade on the OTCQX Best Market.  Liberty Bancshares were previously privately-held.

The OTCQX is the top tier of the three marketplaces for the over-the-counter trading of stocks.

Liberty Bancshares begins trading under the symbol “LBSI.”  Financial disclosure and Real-Time Level 2 quotes for the company are on www.otcmarkets.com.

"As the first community bank to go public on our OTCQX Best Market in 2019, we are pleased to welcome Liberty Bancshares," said Jason Paltrowitz, director of OTC Markets Group International Ltd. and EVP of Corporate Services at OTC Markets Group.

"Recently completing a capital raise of $13 million, trading on the OTCQX Best Market will provide Liberty Bancshares’ new and existing shareholders with a public market for efficient trading and price transparency."

Ronald L. Zimmerly, Liberty Bank president and CEO, said, “We are pleased to partner with OTCQX to help tell our story and provide current and prospective shareholders with an efficient market platform for trading and liquidity.”

“The increased market transparency and improved liquidity of the OTCQX Best Market combined with our recent successful capital raise affirms the commitment of our board and management team to increase franchise value for our shareholders.”

Liberty Bancshares was sponsored for OTCQX by Hovde Group LLC, a qualified third-party firm responsible for providing guidance on OTCQX requirements and recommending membership. 

Liberty Bancshares is the holding company for Liberty National Bank, a $339 million in asset bank with branches in Ada, Bellefontaine, Kenton, Marysville and Westerville.

The bank board of directors are Ronald Zimmerly, Jr., president and CEO; Daniel DiBiasio, chairman of the board; Ted Griffith, Mary Hubbell-Ewing, Bruce Neely, Paul W. Root III, Thomas J. Simon and Mark Watkins.

Click here for a history of the bank.

About OTC Markets Group
OTC Markets Group Inc. (OTCQX: OTCM) operates the OTCQX Best Market, the OTCQB Venture Market and the Pink Open Market for 10,000 U.S. and global securities. 

Through OTC Link ATS and OTC Link ECN, it connects a network of broker-dealers that provide liquidity and execution services.  It enables investors to easily trade through the broker of their choice and empower companies to improve the quality of information available for investors. For more information, visit www.otcmarkets.com.

OTC Link ATS and OTC Link ECN are SEC regulated ATSs, operated by OTC Link LLC, member FINRA/SIPC.