PSM Holdings, Inc. receives approval to begin trading on the OTC Bulletin Board
PSM Holdings, Inc. (OTCBB: PSMH), a leading mortgage brokerage and banking company with more than 30 independently owned branches across the United States, today announced that it has received approval from the Financial Industry Regulatory Authority (FINRA), and is eligible for quotation and trading on the Over-the-Counter Bulletin Board (OTCBB) under the trading symbol PSMH effective Oct. 26, 2009.
"The listing of our stock on Over the Counter Bulletin Board represents the first of several building blocks to position the Company for future growth," said Jeffrey Smith, President and Chief Executive Officer of PSM Holdings, Inc.
PSM Holdings, Inc. conducts its business operations through its wholly owned subsidiary, PrimeSource Mortgage, Inc. (PSMI), which began its mortgage operations in 1991. PSMI quickly became one of the leading mortgage companies in the Southwest, attracting various mortgage operations all over the United States.
PSMI is licensed in 17 states from Florida to California and has grown adding nine new branches since January of 2009, 16 new branches since January of 2008, with an estimated 40 branches by the end of 2009.
“Our company has managed to not only stay afloat, but prosper during one of the most challenging times in our industry,” said Smith. “Our listing on the OTCBB is another example of our commitment to growth, remaining debt-free, and building shareholder value.”
About PSM Holdings, Inc.
PSM Holdings, Inc., through its wholly owned subsidiary, PrimeSource Mortgage, Inc. (PSMI) provides mortgage brokerage and banking services across the United States. PSMI is currently licensed in 17 states from Florida to California, and oversees the operations of more than 34 branches across the United States. For more information, visit www.psmholdings.com.