Business
GBank Financial Holdings Inc. Named to 2023 OTCQX Best 50
LAS VEGAS, Jan. 18, 2023 /PRNewswire/ -- GBank Financial Holdings Inc. (the "Company") (OTCQX: GBFH), the parent company for GBank (formerly known as "Bank of
About this update from Gbank Financial Holdings Inc.
[{"type":"text","content":"LAS VEGAS, Jan. 18, 2023 /PRNewswire/ -- GBank Financial Holdings Inc. (the \"Company\") (OTCQX: GBFH), the parent company for GBank (formerly known as \"Bank of George\") (the \"Bank\"), is pleased to announce it has been named to the 2023 OTCQX® Best 50, a ranking of top performing companies traded on the OTCQX Best Market last year.\nThe OTCQX Best 50 is an annual ranking of the top 50 U.S. and international companies traded on the OTCQX market. The ranking is calculated based on an equal weighting of one-year total return and average daily dollar volume growth in the previous calendar year. Companies in the 2023 OTCQX Best 50 were ranked based on their performance in 2022. The list spans over 600 companies of all sizes, industries, and geographic regions; from well-capitalized banking institutions to large capitalization global brands.\nEdward M. Nigro, Executive Chairman, stated \"The recognition of GBank stock as a top performer in the OTCQX reflects the tireless work by our employees, management team, and Board to implement our ever-evolving business objectives. We shall continue our commitment to create new initiatives for future growth and success.\"\nFor the complete 2023 OTCQX Best 50 ranking, visit:\nhttps://www.otcmarkets.com/files/2023_OTCQX_Best_50.pdf\nThe OTCQX Best Market offers transparent and efficient trading of established, investor-focused U.S. and global companies. To qualify for the OTCQX market, companies must meet high financial standards, follow best practice corporate governance, and demonstrate compliance with applicable securities laws.\nThe CompanyGBank Financial Holdings Inc. (the \"Company\") (GBFH), a bank holding company with approximately $667 million in assets at September 30, 2022, conducts business through its wholly owned subsidiary, GBank (formerly known as \"Bank of George\") (the \"Bank\"). Founded in 2007, the Bank operates two full-service commercial branches in Las Vegas, Nevada, with primary lending activities focused on engaging clients in Nevada, California, Utah, and Arizona. GBank has key businesses in three prominent divisions: SBA Lending, Gaming FinTech, and Commercial Lending. The Bank conducts business nationally through its SBA lending activities (ranked 14th in the nation by the U.S. Small Business Administration for SBA 7(a) dollar loan volume through September 30, 2022...