SOURCE: First American International Corp.

April 24, 2014 08:18 ET

First American International Corp. Announces Commencement of Quotation on the OTC QB

NEW YORK, NY--(Marketwired - Apr 24, 2014) - First American International Corp. (OTCQB: FAIT), the holding company for First American International Bank, announced today that its shares of common stock have been approved for quotation on the OTC QB system under the symbol "FAIT". First American International Corp., with total assets of $552.6 million at year end 2013, was formed in 2004 to be the holding company for First American International Bank. The Bank was chartered as a New York State bank insured by the FDIC in 1999. The Bank has offices in Manhattan, Brooklyn and Queens in New York City.

Mark Ricca, the President and Chief Executive Officer of First American International Corp., said, "We are pleased that we have been able to take this step for the benefit of our company and its stockholders. This should provide improved liquidity for our existing stockholders and enable both buyers and sellers to contact their stockbrokers so they can place orders to buy or sell our stock. I want to thank Sandler O'Neill + Partners, L.P., which assisted us by making the required filings so that the quotation of our common stock can commence."

First American International Corp. also announced that its common stock has been qualified as eligible for deposit with the Depository Trust Company, so its stock may now be held in street name through stockbrokers. Stockholders who want to hold their stock in "street name" should contact their stockbrokers to determine what steps they need to take.

Contact Information

  • For further information, contact
    David A. Chin
    (718) 567-8788 ext. 1388