15 Community Banks Added to America's Community Bankers NASDAQ Index

WASHINGTON, May 31  /PRNewswire/ -- America's Community Bankers announced today that 15 community banks will be added on June 1 to the America's Community Bankers NASDAQ Index.  The index includes more than 525 community banks with a market capitalization of nearly $220 billion.

The index is the most broadly representative stock index for the community bank segment of the banking industry.  ACB and NASDAQ launched the index in December 2003, to bring greater visibility to community banks, and in turn, promote greater market liquidity and fairer valuations.

The index includes banks and thrifts listed on the NASDAQ, with the exception of any of the 50 largest bank and thrift charters based on asset size, banks classified as having an "international specialization" and banks classified as having a "credit card specialization."  Asset size and business classifications are based on the most recently available FDIC data.

When a company is no longer listed, it is removed from the index. Eligible companies are added on June 1 and Dec. 1.  The complete list can be accessed on America's Community Bankers' website at http://www.americascommunitybankers.com/.

The index is calculated based on price changes throughout the trading day under the symbol ACBQ.  The index also is reported daily as a total return index, which means that the value of reinvested dividends is included in the calculation.  The index is adjusted for splits and spin-offs.

  Additions to the index, as of June 1, include the following:
  * CapitalSouth Bancorp, Birmingham, Ala. (NASDAQ:CAPB)
  * New England Bancshares, Inc., Enfield, Conn. (NASDAQ:NEBS)
  * Connecticut Bank and Trust, Hartford, Conn. (NASDAQ:CTBC)
  * PAB Bankshares, Inc., Valdosta, Ga. (NASDAQ:PABK)
  * United Community Bancorp, Lawrenceburg, Ind. (NASDAQ:UCBA)
  * AmericasBank Corporation, Towson, Md. (NASDAQ:AMAB)
  * BCB Bancorp, Inc., Bayonne, N.J. (NASDAQ:BCBP)
  * Community Partners Bancorp, Middletown, N.J. (NASDAQ:CPBC)
  * Magyar Bancorp, Inc., New Brunswick, N.J. (NASDAQ:MGYR)
  * Lake Shore Bancorp, Inc., Dunkirk, N.Y. (NASDAQ:LSBK)
  * Carolina National Corporation, Columbia, S.C. (NASDAQ:CNCP)
  * Community Capital Corporation, Greenwood, S.C. (NASDAQ:CPBK)
  * First National Bancshares, Inc., Spartanburg, S.C. (NASDAQ:FNSC)
  * Bank of Virginia, Midlothian, Va. (NASDAQ:BOVA)
  * Valley Financial Corporation, Roanoke, Va. (NASDAQ:VYFC)



America's Community Bankers is the national trade association committed to shaping the future of banking by being the innovative industry leader strengthening the competitive position of community banks. To learn more about ACB, visit http://www.americascommunitybankers.com/. 

DATASOURCE: America's Community Bankers



CONTACT:  Robert Schmermund, Work: [phone], Home:

[phone], or Jim Eberle, Work: [phone], Home: [phone],

both of America's Community Bankers, 



Web site:  http://www.americascommunitybankers.com/

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