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.
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Source:The NASDAQ OMX Group, Inc.