Business

First Community to be listed on Nasdaq

Posted July 16, 2015 1:00 am

Globe Newswire

JOLIET - First Community Financial Partners Inc.'s common stock has been approved for listing on The Nasdaq Capital Market.

The banking group expects that the stock will begin trading on Nasdaq Friday under the newly established ticker symbol "FCFP." The company's common stock currently trades over-the-counter under ticker symbol "FCMP."

"We believe making the transition to Nasdaq is a logical and prudent step forward for our company," said Roy Thygesen, chief executive officer.

"First Community has been an SEC-reporting corporation for some time now, and our subsidiary bank's financial performance has improved markedly in recent years," he added. "We have demonstrated earnings growth, and we believe overall financial and operating metrics are trending in the right direction."

Trading on Nasdaq is expected to increase retail and institutional investor exposure, Thygesen said.

First Community Financial Partners subsidiary, First Community Financial Bank, is based in Plainfield and has locations in Joliet, Plainfield, Homer Glen, Channahon, Naperville and Burr Ridge.

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