Paragon Commercial Corporation has received approval from the Depository Trust Company (DTC) and Financial Industry Regulatory Authority (FINRA) to trade shares on the OTC Markets under the symbol PBNC.
The investment firm Raymond James & Associates will become a market maker in the stock and begin quoting a market in Paragon Commercial Corporation shares.
This follows a 125:1 stock split in July 2014 that brought the share price to a level thought to be more attractive to investors.
The Company believes the combined effect of the stock split in 2014 and today’s announcement of Paragon Commercial Corporation shares now trading over-the-counter will make it easier for shareholders to trade shares.
“This is an exciting time for Paragon,” says Robert (Bob) C Hatley, President and CEO. “We can now provide a way for our shareholders to buy and sell Paragon stock in an established market.”
