Centric Financial Corp (OTCMKTS:CFCX) Stock Continues to Trade in a Narrow Range

Centric Financial Corp (OTCMKTS: CFCX) is moving in a range. First, the company’s banking subsidiary, Centric Bank, has announced the resignation of Clair Finkenbinder as the bank’s Executive Vice President, Director of Operations, and CIO, effective April 1, 2022, at the close of business.

Market Action

On Thursday, CFCX stock ended fell 0.20% to $9.95 with 200 shares, compared to its average volume of 1.7K shares. The stock moved within a range of $9.95 – 9.95 after opening trade at $9.95.

Centric Bank Announces Resignation of CIO and Director of Operations

Finkenbinder’s resignation is connected to an employment opportunity he is pursuing outside the banking sector. Centric will name Finkenbinder’s successor in the coming weeks.

Centric Bank and the company’s Chief Executive Officer and President Patricia Husic stated on behalf of the Board of Directors and leadership team they are delighted of Finkenbinder’s new tech deployments, security advances, and general strengthening of the bank’s tech infrastructure in the last four years.

Husic added that Finkenbinder had created a strong team that would make the transition effortless as the bank searched for a successor. Centric Bank offers pro-growth and competitive financial services to families, individuals, professionals, businesses, and healthcare. Therefore, in the coming weeks, investors should keep an eye on CFCX.

Key Quote

Patricia A. Husic, President and CEO of Centric Bank and Centric Financial Corporation stated, “On behalf of our Board of Directors and the management team, we are grateful for Clair’s leadership with new technology implementations, security enhancements and overall strengthening of the technology infrastructure over the past four years at the Bank. Clair has developed a strong team that will allow for an easy transition to his successor.”

Traders Note

CFCX stock is trading above the 20-Day and 50-Day Moving averages of $9.85 and $9.62 respectively. Moreover, the stock is trading is the neutral zone with RSI stands at 69.

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