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American Bankers Association Makes Additions to ABA NASDAQ Community Bank Index

June 1, 2021

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The American Bankers Association has added three banks to the ABA NASDAQ Community Bank Index (ABAQ), effective June 1, 2021. The index includes 301 community banks with $309.8 billion in market capitalization.

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.

Additions to the index as of June 1 are:

  • Generations Bancorp NY, Inc. (GBNY), Seneca Falls, N.Y.;
  • Virginia National Bankshares Corporation (VABK), Charlottesville, Va.; and
  • William Penn Bancorporation (WMPN), Bristol, Pa.

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