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Contact:
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Robert Schmermund
(202) 857-3104
Jim Eberle
(202) 857-3145
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Jim Eberle
(202) 857-3145 (work)
(703) 893-2593 (home)
[email protected]
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For Immediate Release
December 1, 2004
#04-60 |
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E-mail:
[email protected] |
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17 COMMUNITY BANKS ADDED
TO AMERICA’S COMMUNITY BANKERS NASDAQ INDEX
WASHINGTON, D.C. — America’s Community Bankers announced today that 17 community banks have been added today to the America’s Community Bankers NASDAQ Index. The index includes about 520 community banks with a market capitalization of more than $190 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.
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 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.
The index is calculated based on price changes throughout the trading day under the symbol ACBQ. The index also is reported as a total return index, which means that the value of reinvested dividends is included in the index value. The index is adjusted for splits and spin-offs.
Additions to the index include the following:
- Heritage Oaks Bancorp (Calif.), Paso Robles, Calif.
- Bank of Commerce Holdings (Calif.), Redding, Calif.
- Placer Sierra Bancshares, Sacramento, Calif.
- Epic Bancorp, San Rafael, Calif.
- Naugatuck Valley Financial Corp., Naugatuck, Conn.
- PSB Holdings, Inc., Putnam, Conn.
- SI Financial Group, Inc., Willimantic, Conn.
- Atlantic Coast Federal Corp., Waycross, Ga.
- First Federal Financial Services, Inc., Edwardsville, Ill.
- LSB Corp., North Andover, Mass.
- Valley Bancorp, Las Vegas, Nev.
- Cardinal State Bank, Durham, N.C.
- EuroBancshares, Inc., Hato Rey, Puerto Rico.
- Greenville First Bancshares, Inc., Greenville, S.C.
- SNB Bancshares, Inc. (Texas), Sugar Land, Texas
- Access National Corp., Reston, Va.
- SuffolkFirst Bank, Suffolk, Va.
America’s Community Bankers is the national trade association committed to shaping the future of
banking by being the innovative industry leader strengthening the competitive position of
community banks. To learn more about ACB, visit
www.AmericasCommunityBankers.com.
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