PRESS RELEASE: Triad Business Bank’s trading on OTC Pink® Market

 PRESS RELEASE

For Immediate Release

 

Ramsey K. Hamadi

Chief Executive and Financial Officer

336-580-1012

rhamadi@triadbusinessbank.com

 

TRIAD BUSINESS BANK ANNOUNCES OTC MARKET QUOTATION

(OTC PINK: TBBC)

 

GREENSBORO, N.C. (October 7, 2020) – Triad Business Bank (the “Bank”) announced today that the Bank’s common stock has been assigned the ticker symbol “TBBC” and has begun trading on the OTC Pink® Market (OTC Pink: TBBC).

“We believe that securing the quotation of our common stock on the OTC Market will increase the visibility of our bank and will provide shareholders the opportunity for greater liquidity in their investment,” said Ramsey K. Hamadi, Chief Executive and Financial Officer.

Market Makers

Janney Montgomery Scott, LLC, which served as the Bank’s placement agent in its initial offering, has committed to provide market making services to the Bank’s shareholders. Janney is a Philadelphia, PA based broker dealer with 320+ companies under research coverage on the NASDAQ and OTC Markets. Questions or inquiries regarding market making may be directed to:

Anthony Bello

Equity Salesperson

Janney Montgomery Scott, LLC

1475 Peachtree Street NE, Suite 800

Atlanta, GA 30309

Phone: 404-601-7236

Email: abello@janney.com

It is anticipated that over time additional broker dealers will also make a market in the Bank’s common stock, leading to additional liquidity.

About Triad Business Bank

 

With three co-equal offices located in Winston-Salem, High Point and Greensboro, Triad Business Bank (OTC Pink: TBBC) focuses on meeting the needs of small to midsize businesses and their owners by providing loans, treasury management and private banking, all with a high level of personal attention and best-in-class technology. For more information, visit www.triadbusinessbank.com

Forward Looking Language

This release contains certain forward-looking statements with respect to the financial condition, results of operations and business of Triad Business Bank.  These forward-looking statements involve risks and uncertainties and are based on the beliefs and assumptions of management of Triad Business Bank and on the information available to management at the time that these disclosures were prepared. These statements can be identified by the use of words like “expect,” “anticipate,” “estimate” and “believe,” variations of these words and other similar expressions.  Readers should not place undue reliance on forward-looking statements as a number of important factors could cause actual results to differ materially from those in the forward-looking statements.  Triad Business Bank undertakes no obligation to update any forward-looking statements.


Triad Business Journal reports on Triad Business Bank’s strong earnings

The Triad Business Journal reported on Triad Business Bank’s first reported earnings, which were bolstered by our Paycheck Protection Program efforts. “While the PPP program dominated our efforts for the quarter, our lending team also originated $13.9 million of core commercial loans and built a loan pipeline of more than $120 million that we expect will fuel the Bank’s growth through the rest of the year,” CEO Ramsey Hamadi said. Read the article here.


United Way of Greater High Point receives funds for those affected by COVID-19

Triad Business Bank was able to support the local community through the UWGHP COVID-19 emergency relief efforts! The High Point Enterprise, acknowledged the community impact of the donation, quoting President and Chief Operating Officer, Robin Hager, “When we had the opportunity to give back the decision was easy, we must. Triad Business Bank  supports our local  businesses and communities- we will come through this together and stronger.”  Read more here.


Triad Business Journal highlights article by Jeff Montgomery

The Triad Business Journal article by Chief Banking Officer, Jeff Montgomery, focused on steps businesses can take when seeking out a traditional loan. “Smaller community banks often have more flexibility in their lending requirements than larger institutions, which may have a more strict financial formula. Experienced community bankers can understand and advocate for your business on a case-by-case basis,” Montgomery said. Read the full article, here.


American Banker highlights success with PPP

American Banker spoke to CEO Ramsey Hamadi about the opportunities and challenges created for Triad Business Bank when we opened at the beginning of the COVID-19 pandemic and just a few weeks before the launch of the Paycheck Protection Program. “I have told the board, in terms of advancing the bank, I think this experience advanced our strategic plan three to five years,” Hamadi said. Read the article here.


New lender hired for Winston-Salem office

The Triad Business Journal reported on the hiring of Fuller Parham as a senior lender in our Winston-Salem office to handle our growth in that market, largely as a result of interest in PPP loans. As of mid-May, we have helped 350 businesses secure PPP loans totaling $106 million. Read the article here.