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OTC Markets Group Welcomes First Reliance Bancshares, Inc. to OTCQX
Globenewswire· 2025-11-04 12:00
Core Points - First Reliance Bancshares, Inc. has qualified to trade on the OTCQX Best Market, upgrading from the OTCID Basic Market [1][2] - The OTCQX Market provides a more efficient and cost-effective public market for U.S. regional and community banks, emphasizing financial standards and corporate governance [3] - First Reliance Bancshares aims to attract new capital and broaden its shareholder base through this upgrade, focusing on technology investment and community improvement [5] Company Overview - First Reliance Bancshares, Inc. was founded in 1999 and has $1.1 billion in assets, employing 165 professionals across nine locations in South Carolina [6] - The company offers a range of banking solutions and has a customer satisfaction score of 92% [6] Market Context - OTC Markets Group Inc. operates regulated markets for trading 12,000 U.S. and international securities, with a focus on data-driven disclosure standards [7]