Chairman Alan Gay announced that FNS Bancshares has appointed the FIG Partners unit of Janney Montgomery Scott as its corporate broker and joined the OTCQX® Best Market. FNS Bancshares now trades under the symbol, “FNSB.”
According to Gay, both actions are part of the bank’s continuing effort to enhance shareholder value.
“Janney’s role is to match buyers and sellers and coordinate transactions,” said Gay. “By joining OTCQX, buy/sell transactions of FNS stock executed electronically through a broker such as Janney or a personal broker will be reported by OTCQX, enabling buyers and sellers to know the price at which the stock most recently traded. We view our appointment of a broker and trading on OTCQX to be the best, fairest way for shareholders to understand the value of their shares. In addition, for those who have asked us how to acquire more shares, this will provide an avenue that is open and transparent.”
About FNS Bancshares Inc.
FNS Bancshares (www.FNSbancshares.com) is the corporate parent of FNS Bank, a 16-unit retail and commercial bank serving central and southeast Tennessee, northwest Georgia and northeast Alabama. FNS Bank was first organized as the Bank of Scottsboro in 1900.
About OTC Markets Group Inc.
OTC Markets Group Inc. (OTCQX: OTCM) operates the OTCQX® Best Market, the OTCQB® Venture Market and the Pink® Open Market for 10,000 U.S. and global securities.