OTC Markets Group Welcomes WVS Financial Corp. to OTCQX
13 June 2022 - 9:00PM
OTC Markets Group Inc. (OTCQX: OTCM), operator of regulated markets
for 12,000 U.S. and international securities, today announced WVS
Financial Corp. (OTCQX: WVFC), the parent holding company of West
View Savings Bank, has qualified to trade on the OTCQX® Best
Market. WVS Financial Corp. previously traded on NASDAQ.
WVS Financial Corp. begins trading today on OTCQX under the
symbol “WVFC.” 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.
Boenning & Scattergood acted as the company’s OTCQX
sponsor.
David J. Bursic, President and Chief Executive Officer of WVS
Financial, stated, “We are very pleased to announce that our shares
will be trading on the OTCQX Best Market. This move ensures that
our shareholders will continue to have a strong platform for
trading and liquidity following our voluntary delisting from
Nasdaq. We believe the that the expense reduction inherent in
delisting and deregistration from reporting with the Securities and
Exchange Commission will benefit the Company and its shareholders
and serve to maximize the long term value of the Company.”
About WVS Financial Corp.WVS Financial Corp.
(WVS or the "Company") is the parent holding company of West View
Savings Bank ("West View" or the "Savings Bank"). The Company was
organized in July 1993 as a Pennsylvania-chartered unitary bank
holding company and acquired 100% of the common stock of the
Savings Bank in November 1993.
West View Savings Bank is a Pennsylvania-chartered, FDIC-insured
stock savings bank conducting business from five offices in the
North Hills suburbs of Pittsburgh. The Savings Bank converted from
the mutual to the stock form of ownership in November 1993. The
Savings Bank commenced operations in 1908.
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.
Our OTC Link® Alternative Trading Systems (ATSs) provide
critical market infrastructure that broker-dealers rely on to
facilitate trading. Our innovative model offers companies more
efficient access to the U.S. financial markets.
OTC Link ATS, OTC Link ECN and OTC Link NQB are each an SEC
regulated ATS, operated by OTC Link LLC, a FINRA and SEC registered
broker-dealer, member SIPC.
To learn more about how we create better informed and more
efficient markets, visit www.otcmarkets.com.
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Media Contact:OTC Markets Group Inc., +1 (212)
896-4428, media@otcmarkets.com
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