QNB Corp. Joins the OTCQX Market

Rhea-AI Summary

QNB Corp. (OTCQX: QNBC) has announced its upgrade from the Pink® market to the OTCQX® Best Market, marking a significant milestone in U.S. public markets. The company, parent of QNB Bank, began trading on the OTCQX under the symbol 'QNBC' on March 20, 2025.

The upgrade to OTCQX Market aims to maximize QNB's value as a public company by providing transparent trading and improved access to company information for shareholders. To achieve this qualification, QNB met stringent financial standards, implemented best-practice corporate governance, and demonstrated securities law compliance.

The announcement comes as QNB approaches its 150-year anniversary of providing community banking services in Pennsylvania, with management expressing confidence that this move will generate broader investor interest and enhance shareholder value.

Positive

• Upgrade from Pink® market to OTCQX® Best Market indicates higher trading standards and transparency
• Qualification demonstrates strong financial standing and corporate governance
• Enhanced visibility to investors through OTCQX platform

Negative

• None.

Quakertown, PA, March 20, 2025 (GLOBE NEWSWIRE) -- QNB Corp. (the “Company” or “QNB”) (OTCQX:  QNBC), the parent company of QNB Bank (the “Bank”), today announced it has qualified to trade on the OTCQX^® Best Market.  QNB Corp. upgraded to OTCQX from the Pink^® market.

QNB Corp. begins trading today on OTCQX under the symbol “QNBC.”  Graduating to the OTCQX Market marks an important milestone for QNB Corp. in the U.S. public markets.  The OTCQX Market enables QNB to maximize its value as a public company by providing transparent trading 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.

David W. Freeman, QNB Corp. Officer, and QNB Bank President and CEO, stated, “As we approach our 150-year anniversary of providing exceptional Community Banking services in Pennsylvania, QNB Corp. is pleased to bring our incredible story to the national OTCQX trading stage.  We are confident this move will assist in generating broad investor interest and enhance value for all shareholders.”

About the Company

QNB Corp. is the holding company for QNB Bank, which is headquartered in Quakertown, Pennsylvania.  QNB Bank operates twelve branches in Bucks, Lehigh, and Montgomery Counties and offers commercial and retail banking services in the communities it serves.  In addition, the Company provides securities and advisory services under the name of QNB Financial Services through a registered Broker/Dealer and Registered Investment Advisor, and title insurance as a member of Laurel Abstract Company LLC.  More information about QNB Corp. and QNB Bank is available at QNBBank.com.

Dave Freeman
QNB Corp.
215-538-5600 x5619
dfreeman@qnbbank.com

FAQ

When did QNB Corp (QNBC) begin trading on the OTCQX Best Market?

QNB Corp began trading on the OTCQX Best Market on March 20, 2025, upgrading from the Pink market.

What requirements did QNB Corp (QNBC) meet to qualify for OTCQX trading?

QNB Corp met high financial standards, followed best-practice corporate governance, and demonstrated compliance with applicable securities laws.

How will the OTCQX upgrade benefit QNBC shareholders?

The upgrade provides transparent trading, easier access to company information, and is expected to enhance shareholder value through broader investor interest.

What is the significance of QNBC's OTCQX Market upgrade for investors?

The upgrade represents a higher tier of OTC trading, offering improved transparency and indicating stronger financial and governance standards.