NEW YORK, Dec. 15, 2023 (GLOBE NEWSWIRE) -- OTC Markets Group Inc. (OTCQX: OTCM), operator of regulated markets for 12,000 U.S. and international securities, today announced Citizens Holding Co. (OTCQX: CIZN), a one-bank holding company and the parent of The Citizens Bank of Philadelphia, has qualified to trade on the OTCQX® Best Market. Citizens Holding Co. previously traded on NASDAQ.
Citizens Holding Co. begins trading today on OTCQX under the symbol "CIZN." U.S. investors can find current financial disclosure and Real-Time Level 2 quotes for the company on www.otcmarkets.com.
The OTCQX Market enables U.S. regional and community banks to lower the cost and complexity of being a public company. Through streamlined market standards tailored for banks, OTCQX provides transparent trading, visibility and easy access to company information for shareholders. To qualify for OTCQX, community banks must meet high financial standards, follow best practice corporate governance, and demonstrate compliance with applicable securities laws.
"This strategic decision reflects our commitment to streamline our operations and focus on our core business of serving our customers," said Stacy Brantley, Chief Executive Officer of Citizens Holding Company. "We believe that the OTCQX Market provides a more efficient and cost-effective platform for our company, and we are confident that this move will benefit our shareholders and employees in the long run."
Keefe Bruyette & Woods, Inc. acted as the company's OTCQX sponsor.
About Citizens Holding Co.
Citizens Holding Company is a one-bank holding company and the parent company of the Bank, both headquartered in Philadelphia, Mississippi. The Bank currently has twenty-six banking locations in fourteen counties throughout the state of Mississippi. In addition to full service commercial banking, the Company offers mortgage loans, title insurance services through third party partnerships and a full range of Internet banking services including online banking, bill pay and cash management services for businesses.
About OTC Markets Group Inc.
OTC Markets Group Inc. (OTCQX: OTCM) operates regulated markets for trading 12,000 U.S. and international securities. Our data-driven disclosure standards form the foundation of our three public markets: OTCQX® Best Market, OTCQB® Venture Market and Pink® Open Market.
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