Glenn Marshall, the CEO of First Resource Bank, was recently interviewed as part of the OTC Markets Group video series, and he discussed:
- how the bank utilizes technology to meet the needs of its customers
- how the bank engages the local community
- how trading on OTCQX has been beneficial to the bank’s shareholder base
“We don’t think you need to be on every street corner,” Marshall said. “But where banking is now, we think you need to be available 24/7 (and) have mobile banking, remote deposits, person-to-person payments. And we think it’s the right mix.”
Marshall also said that, from a community engagement perspective, First Resource Bank is “involved in everything you can shake your stick at.”
“The bank has given away a million dollars in six years,” he said, noting that First Resource often donates a piggy bank filled with money to charities for live auctions, as well as annually participating in the Educational Improvement Tax Credit (EITC), which enables the bank to help a number of youth education programs.
Marshall also said that trading on OTCQX has given the bank’s shareholders a more reliable way to buy and sell shares.
“We have a lot of smaller shareholders that were in the original deal that may not have been able to invest as much as they wanted to at that time, but they want to add to their position because they love the bank,” he said. “Many of them are customers already. Those reliable trades, we didn’t have before we were on OCTQX.”
Click here to learn more about First Resource Bank.