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ABA: The American Bankers Association
Press Release

American Bankers Association Makes Additions to ABA NASDAQ Community Bank Index


The American Bankers Association has added nine banks to the ABA NASDAQ Community Bank Index (ABAQ), effective June 3, 2019. The index includes 328 community banks with $255 billion in market capitalization.

Additionally, East West Bancorp, Inc. (EWBC) no longer qualifies under the criteria for inclusion in the ABAQ index, as it now holds one of the 50 largest banking charters.

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 a benchmark in proxy statements.

Price changes throughout the trading day can be accessed using the symbol ABAQ.

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 June 3 are:

  • 1895 Bancorp of Wisconsin, Inc. (BCOW), Greenfield, Wis.;
  • Carter Bank & Trust (CARE), Martinsville, Va.;
  • Cortland Bancorp (CLDB), Cortland, Ohio,;
  • First National Corporation (FXNC), Strasburg, Va.;
  • MainStreet Bancshares, Inc. (MNSB), Fairfax, Va.;
  • MBT Financial Corp (MBTF), Monroe, Mich.;
  • Mercantil Bank Holding Corporation (AMTBB), Coral Gables, Fla.;
  • PCSB Financial Corporation (PCSB), Yorktown Heights, N.Y.; and
  • Rhinebeck Bancorp, Inc. (RBKB), Poughkeepsie, N.Y.


About the American Bankers Association

The American Bankers Association is the voice of the nation’s $21.1 trillion banking industry, which is composed of small, regional and large banks that together employ more than 2 million people, safeguard $17 trillion in deposits and extend nearly $11 trillion in loans.

Press Contact

Jeff Sigmund

(202) 663-5439

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