Eight Banks Added to ABAQ Index

The American Bankers Association added eight banks to its Nasdaq Community Bank Index (ABAQ) today. The index now includes 324 community banks with a combined market cap of $286 billion. The newest additions are:

  • CrossFirst Bankshares, Leawood, Kansas
  • Franklin Financial Services Corporation, Chambersburg, Pennsylvania
  • First Seacoast Bancorp, Dover, New Hampshire
  • HBT Financial, Bloomington, Illinois
  • MetroCity Bankshares, Doraville, Georgia
  • Pioneer Bancorp, Albany, New York
  • Richmond Mutual Bancorporation, Richmond, Indiana
  • Red River Bancshares, Alexandria, Louisiana

The index, launched in 2003, represents all Nasdaq-listed banks and savings associations except the 50 largest banks and those with international or credit card specializations. The ABAQ index is “the most broadly representative stock index for community banks and remains an important tool for giving banks more visibility with analysts and investors.”