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 on Monday, June 18, 2012.
The following seven securities will be added to the Index: BofI Holding, Inc. (Nasdaq:BOFI), CoBiz Financial Inc. (Nasdaq:COBZ), First Interstate BancSystem, Inc. (Nasdaq:FIBK), Franklin Financial Corporation (Nasdaq:FRNK), Hanmi Financial Corporation (Nasdaq:HAFC), OmniAmerican Bancorp, Inc. (Nasdaq:OABC) and Taylor Capital Group, Inc. (Nasdaq:TAYC).
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 seven companies will be removed from the index:
Camden National Corporation (Nasdaq:CAC), Enterprise Financial Services Corp (Nasdaq:EFSC), The First of Long Island Corporation (Nasdaq:FLIC), Great Southern Bancorp, Inc. (Nasdaq:GSBC), Northfield Bancorp, Inc. (Nasdaq:NFBK), Sun Bancorp, Inc. (Nasdaq:SNBC) and Westfield Financial, Inc. (Nasdaq:WFD).
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.
