Raleigh-based Paragon Commercial Corporation, parent company of Paragon Commercial Bank, is trying to increase the liquidity of its shares in advance of an OTC debut.
The company recently began the process to receive a ticker symbol so that its stock can be traded on the “over-the-counter” market.
On Wednesday, the firm announced it has authorized a 125-for-1 stock split for shareholders – a move aimed at bringing the stock price to a level more attractive to investors.
“Since our charter…