The American Bankers Association has added six banks to the ABA Nasdaq Community Bank Index, or ABAQ, effective today. The index includes 227 community banks with $210.6 billion in market capitalization.
The index is calculated on both a total return and price return basis. It 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.
The additions to the index are:
- Avidbank Holdings, Inc. (AVBH), San Jose, California
- Commercial Bancgroup, Inc. (CBK), Harrogate, Tennessee
- Gbank Financial Holdings Inc. (GBFH), Las Vegas, Nevada
- Isabella Bank Corporation (ISBA), Mount Pleasant, Michigan
- Winchester Bancorp, Inc. (WSBK), Winchester, Massachusetts
- Mechanics Bancorp (MCHB), Walnut Creek, California
Price changes throughout the trading day can be accessed using the symbol ABAQ.
Launched in December 2003, the ABAQ is the most broadly representative stock index for community banks and helps raise awareness of this key segment of the financial services sector among analysts and investors.
