NEW YORK, May 31, 2022 (GLOBE NEWSWIRE) — OTC Markets Group Inc. (OTCQX: OTCM), regulated market operator for 12,000 U.S. and international securities, today announced Foresight Financial Group Inc. (OTCQX: FGFH) , a holding company established under the Federal Reserve, has qualified to trade on the best OTCQX® market. Foresight Financial Group Inc. switched to OTCQX from the Pink® market.
Foresight Financial Group Inc. begins trading today on OTCQX under the symbol “FGFH”. US investors can find the company’s current financial information and real-time Level 2 quotes at www.otcmarkets.com.
The move to the OTCQX market marks an important milestone for community banks in the US public markets. The OTCQX marketplace allows banks to maximize the value of being a public company by providing transparent trading and easy access to corporate information for shareholders. To be eligible for the OTCQX, community banks must meet high financial standards, follow best practices in corporate governance and demonstrate compliance with applicable securities laws.
“The transition of our trading platform from the OTC Pink market to OTCQX is representative of Foresight Financial’s plan to provide broader exposure to our company’s stocks and our community banking success story in the market. We believe that trading on OTCQX will better communicate information about our financial performance to more sources and improve the liquidity of our shares for current and future investors,” said Rex Entsminger, President and CEO of Foresight Financial Group, Inc.
Raymond James acted as the company’s OTCQX sponsor.
About Foresight Financial Group Inc.
Foresight Financial Group, Inc., an Illinois corporation founded in 1986, is a financial holding company established under the Federal Reserve with fifteen offices in the northern Illinois counties of Winnebago, Stephenson, and Kankakee. Foresight Financial Group, Inc. holdings include German American State Bank located in German Valley, Pecatonica, Seward and Winnebago; State Bank of Davis located in Davis, State Bank located in Freeport; Lena State Bank located in Lena, Northwest Bank located in Rockford, Loves Park and Machesney Park; and State Bank of Herscher located in Herscher and Kankakee.
About OTC Markets Group Inc.
OTC Markets Group Inc. (OTCQX: OTCM) operates regulated markets for the trading of 12,000 US and international securities. Our data-driven disclosure standards form the foundation of our three public markets: OTCQX® Cheapest, OTCQB® Venture Market and Rose® Market open.
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