13 Community Banks Added to the America's Community Bankers NASDAQ Index
03 Décembre 2007 - 6:02PM
PR Newswire (US)
WASHINGTON, Dec. 3 /PRNewswire/ -- On the eve of the fourth
anniversary of the America's Community Bankers NASDAQ Index, the
American Bankers Association Announced that 13 community banks were
added to the index on Dec. 1. The index includes 511 community
banks with a market capitalization of about $160 billion. America's
Community Bankers and the NASDAQ Stock Market launched the index on
Dec. 8, 2003, to bring greater visibility to community banks, and
in turn, promote greater market liquidity and fairer valuations.
With the merger of ACB and the ABA on Dec. 1, the ABA will continue
the index as the most broadly representative stock index for the
community bank segment of the banking industry, and continue its
relationship with NASDAQ and the semi-annual Community Bank
Investor Conferences in May and November. "The America's Community
Bankers NASDAQ Index will live on in the new ABA as a benchmark for
community banks to use and measure themselves against," said
Bradley E. Rock, chairman of the ABA. "Community banks have a real
impact on our economy as they serve their customers and communities
and help them grow. Our influence is recognized on Main Street as
well as Wall Street," said Rock, who is also chairman and CEO of
Bank of Smithtown in Smithtown, N.Y., a member of the index. The
index includes all banks and savings associations listed on the
NASDAQ, with the exception of any of the 50 largest banks and
thrifts 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 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. Newly eligible companies are added on June 1
and Dec. 1. The complete list can be accessed on America's
Community Bankers' Web site at http://www.acb.us/. Additions to the
index, as of Dec. 1, include the following: * LaPorte Bancorp, Inc.
(LPSB), LaPorte, Ind.; * Louisiana Bancorp, Inc. (LABC), Metairie,
La.; * Northeast Bancorp (NBN), Lewiston, Maine; * Washington
Savings Bank FSB, (WSB), Bowie, Md.; * Westfield Financial, Inc.
(WFD), Westfield, Mass.; * Silver State Bancorp (SSBX), Henderson,
Nev.; * Beacon Federal Bancorp, Inc. (BFED), East Syracuse, N.Y.; *
Carver Bancorp, Inc. (CARV), New York, N.Y.; * Beneficial Mutual
Bancorp, Inc. (BNCL), Philadelphia, Pa.; * Encore Bancshares, Inc.
(EBTX), Houston, Texas; * First Capital Bancorp, Inc. (FCVA), Glen
Allen, Va.; * TowneBank (TOWN), Suffolk, Va.; and * First Financial
Northwest, Inc. (FFNW), Renton, Wash. DATASOURCE: American Bankers
Association CONTACT: John Hall of ABA, +1-202-663-5473, Web Site:
http://www.aba.com/
Copyright