NEW YORK, Feb. 10, 2015 (GLOBE NEWSWIRE) -- Nasdaq (Nasdaq:NDAQ) announced that trading of Avenue Financial Holdings Inc. (Nasdaq:AVNU), a bank holding company operating primarily through its subsidiary, Avenue Bank, commenced on The Nasdaq Stock Market on February 10, 2015.
The company’s operations are concentrated in the Nashville, Tennessee area with over $999 million in total assets. Avenue Financial Holdings focuses primarily on commercial and private banking clients, with lines of business in the music and entertainment, healthcare, and not-for-profit industries. The company also employs a unique “Concierge Banking” retail model through five locations, a limited deposit courier service (mobile branch) for select commercial clients, and mobile and online banking services.
“Since its founding in 2006, Avenue Financial Holdings has created a signature bank for Nashville that has made a positive impact on the local economy and communities,” said Nelson Griggs, Executive Vice President, Listing Services at Nasdaq. “We are confident that becoming a public company will provide Avenue Financial Holdings with continuous opportunities to better serve their market, and look forward to an enduring partnership with their management and shareholders in the years to come.”
By listing with Nasdaq, Avenue Financial Holdings Inc. joins many of the world’s largest and most revolutionary companies. In 2014 Nasdaq was the exchange of choice to over 60 percent of financial companies that listed on the U.S. markets.
The information contained above is provided for informational and educational purposes only, and nothing contained herein should be construed as investment advice, either on behalf of a particular security or an overall investment strategy. Neither Nasdaq nor any of its affiliates makes any recommendation to buy or sell any security or any representation about the financial condition of any company. Statements regarding Nasdaq-listed companies are not guarantees of future performance. Actual results may differ materially from those expressed or implied. Past performance is not indicative of future results. Investors should undertake their own due diligence and carefully evaluate companies before investing. ADVICE FROM A SECURITIES PROFESSIONAL IS STRONGLY ADVISED.
About Nasdaq:
Nasdaq (Nasdaq:NDAQ) is a leading provider of trading, clearing, exchange technology, listing, information and public company services across six continents. Through its diverse portfolio of solutions, Nasdaq enables customers to plan, optimize and execute their business vision with confidence, using proven technologies that provide transparency and insight for navigating today's global capital markets. As the creator of the world's first electronic stock market, its technology powers more than 70 marketplaces in 50 countries, and 1 in 10 of the world's securities transactions. Nasdaq is home to more than 3,500 listed companies with a market value of over $9.1 trillion and more than 10,000 corporate clients. To learn more, visit http://nasdaq.com/ambition or http://business.nasdaq.com.
NDAQG