Community Bank Stock Index Launched

America's Community Bankers and the Nasdaq Stock Market have launched what they are calling the "most broadly diversified" stock index for community banks.The America's Community Bankers Nasdaq Index includes 545 Nasdaq-listed community banks with a total market capitalization of approximately $175 billion. The index excludes any of the 50 largest banks based on asset size as well as banks classified as having an international or credit card specialization. The index "will bring greater visibility to community banking, which should yield greater liquidity and fairer valuations to our banks, thrifts, and holding companies," said ACB chairman William W. Zuppe. ".... Main Street has known about us for a long time. Now it's time Wall Street did, too." ACB can be found online at http://www.acbankers.org.