San Diego-based Southwest Community Bancorp, with offices in Carlsbad, was given the green light for listing on the NASDAQ Small Cap Market. The company's common stock, which trades on the OTC Bulletin Board under the trading symbol SWCB, will trade under the SWCB symbol on the Small Cap Market.
"We have been considering the NASDAQ listing for some time and decided to proceed with filing an application earlier this year," said CEO Frank J. Mercardante. "We're pleased that we were able to meet the stringent listing requirements including corporate governance policies, stock price, market capitalization and shareholder equity. Over time, the listing should serve to increase awareness for SWCB in the investment community, increase liquidity, strengthen our investor base, expand the opportunity for research coverage and specifically enhance our exposure among institutional investors for which a NASDAQ listing is a preference or a regulatory requirement."
"We have been considering the NASDAQ listing for some time and decided to proceed with filing an application earlier this year," said CEO Frank J. Mercardante. "We're pleased that we were able to meet the stringent listing requirements including corporate governance policies, stock price, market capitalization and shareholder equity. Over time, the listing should serve to increase awareness for SWCB in the investment community, increase liquidity, strengthen our investor base, expand the opportunity for research coverage and specifically enhance our exposure among institutional investors for which a NASDAQ listing is a preference or a regulatory requirement."