Delanco Bancorp in N.J. Moves Stock Shares to OTCQX

By Evan Nemeroff February 06, 2015, 1:12 p.m. EST 1 Min Read

Community banking

Delanco in New Jersey to Become Fully Public Company

Delanco Bancorp (DLNO) in Delanco, N.J., will convert from a mutual thrift to a fully public company.

By Sarah Todd

August 19
Community banking

Delanco in New Jersey Completes Second-Step Conversion

Delanco Bancorp in New Jersey has completed its conversion to a fully public company.

By Chris Cumming

October 17
Community banking

SBT in Conn. Joins OTCQX

SBT Bancorp in Simsbury, Conn., moved its shares on Wednesday to a new OTC Markets Group trading platform.

By Colin Wilhelm

January 7

Delanco Bancorp in New Jersey began trading on Friday on the OTC Markets Group platform.

The $127 million-asset holding company for Delanco Federal Savings Bank is using the ticker symbol DLNO on the OTCQX marketplace. Previously, the company's common stock traded on the OTC Pink markets.

"The commencement of trading on OTCQX will make the company's common stock more accessible to a wider range of investors, which we believe will improve the liquidity of our common stock and increase long term shareholder value," said James Igo, president and chief executive of Delanco Bancorp, in a press release Friday.

The OTC Markets Group was launched last May for community banks to provide them with liquidity and increase visibility of their stocks. Since the spring of 2014, more than 40 banks have moved their common stock to OTCQX.

Banks on the OTCQX platform are required to file quarterly and yearly financial reports. OTC Markets also provides trading benchmarks to help investors monitor the banks' share performance.

Keefe, Bruyette & Woods serves as Delanco's corporate broker on OTCQX.

Evan Nemeroff

Managing Editor