BNC Bancorp (Nasdaq:BNCN) Added to NASDAQ ABA Community Bank Index
HIGH POINT, N.C., June 20, 2014 /PRNewswire/ -- The NASDAQ OMX Group recently announced the addition of BNC Bancorp (NASDAQ:BNCN), the parent company of Bank of North Carolina, to the ABA Community Bank Index (Nasdaq:ABQI), which will become effective prior to market open on Monday, June 23, 2014.
The Index is the most broadly representative stock index for community banks and 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.
To be included in the ABQI Index, institutions must meet two further qualifications:
1) A security must have a market capitalization of at least $200 million and a three-month average daily dollar trading volume of at least $500 thousand.
2) The security must meet certain operating history, solvency and financial statement requirements to remain eligible for inclusion in the ABQI Index.
About BNC Bancorp and Bank of North Carolina
Headquartered in High Point, NC, BNC Bancorp is the parent company of Bank of North Carolina, a commercial bank with $3.2 billion in assets at March 31st, and pro forma $4.0 billion in assets with announced and recently closed transactions. Bank of North Carolina provides banking and financial services to individuals and businesses through its full-service banking offices located throughout the Carolinas. Bank of North Carolina is insured by the FDIC and is an equal housing lender. BNC Bancorp's stock is quoted in the NASDAQ Capital Market under the symbol "BNCN."
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SOURCE BNC Bancorp