NEW YORK - Redwood (NYSE:RWT) Capital Bancorp (NASDAQ:CBNK) (RWCB), the holding company for Redwood Capital Bank, has initiated trading on the OTCQX Best Market, elevating from its previous position on the OTCQB Venture Market. This move, effective today, is a significant milestone for the community bank which serves Humboldt County and emphasizes personal service alongside a range of commercial loan products.
The upgrade to the OTCQX Market, which is part of the OTC Markets Group's suite of public markets that also includes the Pink Open Market, is anticipated to improve the visibility and liquidity of RWCB shares. The OTCQX is recognized for its high financial standards and transparent trading, providing investors with enhanced access to company information.
John E. Dalby, President and CEO of Redwood Capital Bancorp, stated that this transition is in line with the company's strategy to drive long-term value. Dalby expressed confidence that listing on the OTCQX will enhance share visibility, transparency, and liquidity.
As a Preferred SBA Lender committed to community service and maximizing shareholder value, RWCB's presence on the OTCQX Best Market is supported by JWTT Inc. Investors can now access Real-Time Level 2 quotes and comprehensive financial disclosures for RWCB via www.otcmarkets.com. This transition also reflects RWCB's adherence to stringent regulatory standards as OTC Link LLC operates SEC-regulated ATSs including OTC Link ATS, ECN, and NQB under the umbrella of OTC Markets Group.
The commencement of trading on the OTCQX marks today's event as a pivotal step for RWCB in enhancing its standing within U.S. public markets and broadening its reach to a wider investor audience.
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