For several years I worked at America's Community Bankers in the Government Relations department. Aside from the daily work assisting the EVP, I was assigned project management responsibilties for several annual programs, publications, projects and special events. One of the projects I helped to coordinate involved the establishment of a community bank index for NASDAQ. My main contribution to the project involved many, many, many hours of scouring community bank, savings institution and holding company information from multiple sources in order to identify qualifying NASDAQ members for the index.
When the American Bankers Association and America's Community Bankers announced their merger, I was concerned about the survival of some of my pet projects, publications I helped edit and other efforts that I spent seven years helping to construct, expand and improve upon. I am happy to see that the ACB NASDAQ Community Bank Index (ACBQ) was one of the projects to survive the merger. While the name has changed, the purpose and selection criteria seems to have stayed the same.
So, the new members of the ABA NASDAQ Community Bank Index (ABAQ) added as of today are:
-
California First National Bancshares (CFNB), Irvine, Calif.
-
1st Century Bancshares Inc. (FCTY), Los Angeles, Calif.
-
Oak Valley Bancorp (OVLY), Oakdale, Calif.
-
The Bank of Kentucky Financial Corp. (BKYF), Crestview Hills, Ky.
-
DNB Financial Corp. (DNBF), Downingtown, Pa.
-
Tower Bancorp Inc. (TOBC), Harrisburg, Pa.
-
Orrstown Financial Services Inc. (ORRF), Shippensburg, Pa.
For more information on the Index, visit: