advertisement

First Community added to Nasdaq bank index

JOLIET - First Community Financial Partners was added to the American Bankers Association ABA Nasdaq Community Bank Index, which includes 363 community banks with more than $222 billion in market capitalization.

Launched in December 2003, the ABAQ is the most broadly representative stock index for community banks and remains an important tool for giving banks more visibility with analysts and investors.

"We are excited about our addition to the ABAQ. Trading on Nasdaq and now being added to the ABAQ is expected to increase both retail and institutional investor exposure to the Company, improve trading liquidity for shareholders, and, when appropriate, increase the Company's access to the public and private capital markets to support continued growth of the institution," said First Community CEO Roy Thygesen.

"We believe that the additional investor exposure to our company as well as our improved financial performance has contributed to the 41 percent increase in our stock price over the past year," he added.

The index includes all banks and savings associations or their holding companies listed on the Nasdaq, with the exception 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.

First Community Financial Partners is the parent company of First Community Financial Bank, which has locations in Joliet, Plainfield, Homer Glen, Channahon, Naperville and Burr Ridge.

Article Comments
Guidelines: Keep it civil and on topic; no profanity, vulgarity, slurs or personal attacks. People who harass others or joke about tragedies will be blocked. If a comment violates these standards or our terms of service, click the "flag" link in the lower-right corner of the comment box. To find our more, read our FAQ.