John Marshall Bancorp, Inc. applies to the Nasdaq Capital Market®

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Provides update on SEC registration process

RESTON, Virginia, December 6, 2021– (BUSINESS WIRE) – John Marshall Bancorp, Inc. (OTCQB: JMSB) (the “Company”), the parent company of John Marshall Bank, today announced that it has submitted an application to list its common shares at the Nasdaq Capital Marché®. The Company believes that it meets the financial, liquidity and corporate governance requirements to be listed on the Nasdaq Capital Market®; however, any transfer to the Nasdaq is subject to compliance with these requirements and the Company’s registration of its common shares with the Securities and Exchange Commission (the “SEC”).

The Company intends to file a registration statement with the SEC during the first quarter of 2022 under which it would register its common shares under the Securities Exchange Act of 1934. The common shares of the Company will continue to be registered. ‘be listed on the OTCQB market until that time. because the shares can be listed on the Nasdaq Capital Market®, if the Company’s application is approved by the Nasdaq and the registration statement is declared effective by the SEC.

“John Marshall Bancorp, Inc. has a 15-year history of demonstrated growth,” said Chris Bergstrom, President and CEO. “We believe registration with the SEC and transition to the Nasdaq Capital Market® completes our growth profile. We believe that the Nasdaq offers better access to capital, a greater volume of transactions thanks to a larger base of potential investors and possible inclusion in a stock index, and improved means of using our stocks as consideration for an acquisition. We believe this move will provide us with an increased strategic option and a better position for the company to generate more shareholder value. “

About John Marshall Bancorp, Inc.

John Marshall Bancorp, Inc. is the banking holding company of John Marshall Bank. John Marshall Bank (“JMB” or the “Bank”) is a $ 2.1 billion bank headquartered in Reston, Virginia, with eight full-service branches located in Alexandria, Arlington, Loudoun, Prince William, Reston and Tysons, Virginia, as well as Rockville, Maryland and Washington, DC with a loan production office in Arlington, Virginia. The Bank is dedicated to providing exceptional value, personalized service and convenience to local businesses and professionals in the Washington DC metro area. JMB offers a full line of sophisticated banking products and services that rival those of the largest banks as well as experienced staff to help meet clients’ financial goals. Dedicated Relationship Managers serve as direct points of contact, providing subject matter expertise in a variety of niche industries including private and charter schools, government contractors, healthcare, non-profit organizations and associations, professional services, property management companies and securities companies. Learn more at www.johnmarshallbank.com.

In addition to historical information, this press release contains certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 which are based on certain assumptions and describe the future plans, strategies and expectations of the Company. These forward-looking statements are generally identified by the use of the words “believe”, “expect”, “intend”, “anticipate”, “estimate”, “plan”, “will”, “should”. , “Could”, “” view “,” opportunity “,” potential “or similar expressions or expressions of confidence. The Company’s ability to predict the results or the actual effect of future plans or strategies is inherently uncertain. Factors which could have a material adverse effect on the operations of the Company and its subsidiary include, but are not limited to: changes in interest rates, general economic conditions, public health crises (such as government, social and economic COVID-19), unemployment levels in the area of ​​Bank loans, real estate market values ​​in the area of ​​Bank loans, future natural disasters, the level of prepayments on loans and mortgage-backed securities, legislative / regulatory changes, monetary and fiscal policies of the United States government, including policies of the United States Treasury and the Board of Governors of the Federal Reserve System, quality or the composition of loan or investment portfolios, demand for loan products, deposit flows, competition, demand for fi nancials in the Company’s market area, accounting principles and guidelines, and other conditions which by their nature are not likely to be predicted with precision and are subject to ants’ uncertainty. These risks and uncertainties should be taken into account in evaluating forward-looking statements, and no undue reliance on such statements should be made. The Company does not undertake, and specifically disclaims any obligation, to publish the result of any revision that may be made to forward-looking statements to reflect events or circumstances after the date of such statements or to reflect the occurrence of events. anticipated or unforeseen. events.

See the source version on businesswire.com: https://www.businesswire.com/news/home/20211206005770/en/

Contacts

Christopher W. Bergstrom, President and CEO of John Marshall Bancorp, Inc.
(703) 584-0840

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