ARCHBOLD, Ohio, Feb. 11, 2015 /PRNewswire/ — Farmers Merchants Bancorp Inc. (OTCQX: FMAO), the single bank holding company of the Farmers Merchants State Bank, today announced it has qualified and begun trading on the OTCQX® marketplace.
Farmers Merchants Bancorp begins trading today on OTCQX under the symbol “FMAO.” To qualify for OTCQX, a company must meet high financial standards, be current in their reporting to their bank regulator and, if applicable, the SEC, and appoint a broker-dealer specializing in advising banks to serve as their Corporate Broker on OTCQX . The OTCQX distinguishes established, investor-friendly companies from the numerous traded in the off-exchange market. U.S. investors can find current financial disclosure and Real-Time Level 2 quotes for the Company on www.otcmarkets.com.
“We are proud to welcome Farmers Merchants Bancorp to the OTCQX marketplace,” said R. Cromwell Coulson, President and CEO of OTC Markets Group. “Trading on OTCQX will provide Farmers Merchants Bancorp a highly-visible and transparent trading market that will support the bank in its next 100 years of growth.”
“Farmers Merchants Bancorp is excited about being traded on the OTCQX marketplace.” stated Paul S. Siebenmorgen, President and CEO of Farmers Merchants Bancorp, Inc. “We believe this will broaden our visibility and serve our shareholders well.”
Boenning Scattergood serves as Farmers Merchants Bancorp’s Corporate Broker on OTCQX. “We are pleased to be selected as the Corporate Broker for Farmers Merchants Bancorp,” commented Michael A. Galantino, Managing Director of Equity Capital Markets at Boenning Scattergood. “This opportunity exemplifies our commitment to the community banking sector throughout the Mid-Atlantic and Midwest Regions and reinforces our effort to enhance the services we provide to clients.”
Farmers Merchants State Bank is a $925 million independent community bank that has been serving Northwest Ohio for 118 years. Farmers Merchants State Bank serves the markets in northwest Ohio, northeast Indiana and southern Michigan.
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SOURCE Farmers Merchants State Bank