15 COMMUNITY BANKS ADDED TO ACB NASDAQ INDEX
WASHINGTON, D.C. — America’s Community Bankers announced today that 15
community banks will be added on June 1 to the America’s Community Bankers
NASDAQ Index. The index includes more than 525 community banks with a market
capitalization of nearly $220 billion.
The index is the most broadly representative stock index for the community bank
segment of the banking industry. ACB and NASDAQ launched the index in December
2003, to bring greater visibility to community banks, and in turn, promote
greater market liquidity and fairer valuations.
The index includes banks and thrifts listed on the NASDAQ, with the exception of
any of the 50 largest bank and thrift charters based on asset size, banks
classified as having an "international specialization" and banks classified as
having a "credit card specialization." Asset size and business classifications
are based on the most recently available FDIC data.
When a company is no longer listed, it is removed from the index. Eligible
companies are added on June 1 and Dec. 1. The complete list can be accessed on
America’s Community Bankers’ website at
www.AmericasCommunityBankers.com.
The index is calculated based on price changes throughout the trading day under
the symbol ACBQ. The index also is reported daily as a total return index, which
means that the value of reinvested dividends is included in the calculation. The
index is adjusted for splits and spin-offs.
Additions to the index, as of June 1, include the following:
- CapitalSouth Bancorp, Birmingham, Ala. (CAPB)
- New England Bancshares, Inc., Enfield, Conn. (NEBS)
- Connecticut Bank and Trust, Hartford, Conn. (CTBC)
- PAB Bankshares, Inc., Valdosta, Ga. (PABK)
- United Community Bancorp, Lawrenceburg, Ind. (UCBA)
- AmericasBank Corporation, Towson, Md. (AMAB)
- BCB Bancorp, Inc., Bayonne, N.J. (BCBP)
- Community Partners Bancorp, Middletown, N.J. (CPBC)
- Magyar Bancorp, Inc., New Brunswick, N.J. (MGYR)
- Lake Shore Bancorp, Inc., Dunkirk, N.Y. (LSBK)
- Carolina National Corporation, Columbia, S.C. (CNCP)
- Community Capital Corporation, Greenwood, S.C. (CPBK)
- First National Bancshares, Inc., Spartanburg, S.C. (FNSC)
- Bank of Virginia, Midlothian, Va. (BOVA)
- Valley Financial Corporation, Roanoke, Va. (VYFC)
America’s Community Bankers represents the nation’s community banks of
all charter types and sizes. ACB members, whose aggregate assets are more
than $1 trillion, pursue progressive, entrepreneurial and service-oriented
strategies in providing financial services to benefit their customers and
communities.
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