Chemung Financial's (CHMG) common stock will begin trading on the Nasdaq Global Market on Friday.
The move should improve liquidity for the $1.3 billion-asset company's shares, Ronald M. Bentley, Chemung's president and chief executive, said in a news release Wednesday.
"Shareholders should benefit from a more efficient trading platform, and we would expect our listing to enhance our visibility among the investment community," Bentley said. "Listing our company on a national stock exchange is another important step in our strategic plan to position our company for the future."
The shares of Chemung, based in Elmira, N.Y., are currently traded on the Over the Counter Bulletin Board.
Be the first to comment on this post using the section below.