Academic journal article ABA Banking Journal

Community Bank Index Gets New Name

Academic journal article ABA Banking Journal

Community Bank Index Gets New Name

Article excerpt

ABA has updated the name and ticker symbol of its NASDAQ community bank index, and nine new banks were recently added to the index.

The new name will be the ABA NASDAQ Community Bank Index and the ticker symbol will be ABAQ. The changes reflect the merger of ABA with America's Community Bankers in December. ACB launched the Index in December 2003, with the name America's Community Bankers NASDAQ Index. The ACBQ ticker symbol was assigned when intraday pricing became available.

As of June 1, the index includes some 500 community banks with a market capitalization of about $140 billion.

"The ABA NASDAQ Community Bank Index and the new ABAQ ticker symbol demonstrate ABA's continued commitment to the community bank sector of our industry," said ABA Chairman Brad Rock, chairman and CEO of Bank of Smithtown, N.Y. "The index is the most broadly representative stock index for community banks and remains an important tool for giving our banks more visibility with analysts and investors."

Rock, whose bank is a member of the index, also announced that participating banks will have the opportunity to make presentations to investors and securities analysts at ABA's ninth Community Bank Investor Conference, Oct. …

Search by... Author
Show... All Results Primary Sources Peer-reviewed

Oops!

An unknown error has occurred. Please click the button below to reload the page. If the problem persists, please try again in a little while.