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For Immediate Release
December 3, 2018
ABA Media Contact: Jeff Sigmund
(202) 663-5439
Email: jsigmund@aba.com
Follow us on Twitter: @ABABankers

American Bankers Association Makes Additions to ABA NASDAQ Community Bank Index

 

​WASHINGTON — The American Bankers Association has added 19 banks to the ABA NASDAQ Community Bank Index (ABAQ), effective Dec. 3, 2018. The index includes 334 community banks with $290 billion in market capitalization.
 
“Banks are listing on NASDAQ and being added to ABAQ at nearly twice the rate of the past decade, which is remarkable,” said Bob Davis, ABA’s executive vice president for mortgage markets, financial management and public policy. “This speaks to a growing desire among banks to increase engagement with the investor community and boost growth opportunities.”
 
Launched in December 2003, the ABAQ is the most broadly representative stock index for community banks and remains an important tool for giving banks more visibility with analysts and investors.
 
The index includes all banks and savings associations or their holding companies 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 on both a total return and price return basis. The index is reported daily as a total return index, which means that the value of reinvested dividends is included in the calculation. The total return index is commonly used as benchmark in proxy statements.
 
Price changes throughout the trading day are updated every  second and can be accessed using the symbol ABAQ. These intraday price quotes are available on ABA’s website at aba.com and through such financial data services as Yahoo and Bloomberg.
 
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 the ABAQ’s webpage.
 
Additions to the index as of Dec. 3 are:
  • Amalgamated Bank (AMAL), New York;
  • Bank First National Corporation (BFC), Manitowoc, Wis.;
  • Bank7 Corp. (BSVN), Oklahoma City;
  • BayCom Corp. (BCML), Walnut Creek, Calif.;
  • Capital Bancorp, Inc. (CBNK), Rockville, Md.;
  • CBM Bancorp, Inc. (CBMB), Baltimore;
  • Coastal Financial Corporation (CCB), Everett, Wash.;
  • First Choice Bancorp (FCBP), Cerritos, Calif.;
  • First Western Financial, Inc. (MYFW), Denver;
  • FVCBankcorp, Inc. (FVCB), Fairfax, Va.;
  • Mercantil Bank Holding Corporation (AMTB), Coral Gables, Fla.;
  • Mid-Southern Bancorp, Inc. (MSVB), Salem, Ind.;
  • MVB Financial Corp. (MVBF), Fairmont, W.Va.;
  • Origin Bancorp, Inc. (OBNK), Ruston, La.;
  • Pacific City Financial Corporation (PCB), Los Angeles;
  • Riverview Financial Corporation (RIVE), Harrisburg, Pa.;
  • Spirit of Texas Bancshares, Inc. (STXB), Conroe, Texas;
  • Standard AVB Financial Corp. (STND), Monroeville, Pa.; and
  • Valley National Bancorp (VLY), Wayne, N.J.
The American Bankers Association is the voice of the nation’s $17 trillion banking industry, which is composed of small, regional and large banks that together employ more than 2 million people, safeguard $13 trillion in deposits and extend nearly $10 trillion in loans. Learn more at aba.com.
 
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