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The NASDAQ OMX Group, Inc. (Nasdaq:NDAQ) announced today the results of the semi-annual evaluation of the NASDAQ OMX ABA Community Bank Index (Nasdaq:ABQI), which will become effective prior to market open onMonday, December 19, 2011.
The following ten securities will be added to the Index: Banner Corporation (Nasdaq:BANR), Enterprise Financial Services Corporation(Nasdaq:EFSC), The First of Long Island Corporation (Nasdaq:FLIC), Northfield Bancorp, Inc. (Nasdaq:NFBK), Ocean First Financial Corp.(Nasdaq:OCFC), S.Y. Bancorp, Inc. (Nasdaq:SYBT), TriCo Bancshares (Nasdaq:TCBK), Univest Corporation of Pennsylvania (Nasdaq:UVSP),Virginia Commerce Bancorp (Nasdaq:VCBI) and Westfield Financial, Inc. (Nasdaq:WFD).
The Index is designed to track the performance of banks and thrifts, or their holding companies, listed on The NASDAQ Stock Market®. The Index is intended to serve as a benchmark for investment products by including the larger and more liquid community banks. The NASDAQ OMX ABA Community Bank Index is reviewed on a semi-annual basis. For more information about the NASDAQ OMX ABA Community Bank Index, including detailed eligibility criteria, visit https://indexes.nasdaqomx.com/.
As a result of the evaluation the following four companies will be removed from the index: CoBiz Financial Inc. (Nasdaq:COBZ), First Interstate BancSystem, Inc. (Nasdaq:FIBK), Hampton Roads Bankshares Inc (Nasdaq:HMPR) and Southwest Bancorp, Inc. (Nasdaq:OKSB).
The First Trust NASDAQ ABA Community Bank Fund (Nasdaq:QABA) seeks investment results that correspond generally to the price and yield (before the fund's fees and expenses) of the NASDAQ OMX ABA Community Bank Index.
