WASHINGTON, D.C., June 14, 2010 - Emclaire Financial Corp. announced that it will be included in the ABA NASDAQ Community Bank Index (ABAQ) on June 14, 2010. The index includes 450 community banks with a market capitalization of about $125 billion.
The American Bankers Association and The NASDAQ Stock Market launched the index on Dec. 8, 2003, to bring greater visibility to community banks, and in turn, promote greater market liquidity and fairer valuations. This index is the most broadly representative stock index for the community bank segment of the banking industry.
"We are pleased to be part of the ABA NASDAQ Community Bank Index. Listing on this index should provide even more visibility to our stock and is consistent with our longstanding goal of enhancing shareholder value. In addition, the listing promotes our company as a desirable community bank investment." said William C. Marsh, Chairman of the Board, President and Chief Executive Officer of Emclaire Financial Corp.
The index includes all banks and savings associations listed on the NASDAQ, with the exception of any of the 50 largest banks and thrifts 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.
The index is calculated based on price changes throughout the trading day under the symbol (ABAQ). 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.
Emclaire Financial Corp. is the parent company of The Farmers National Bank of Emlenton, an independent, nationally chartered, FDIC-insured community bank headquartered in Emlenton, Pennsylvania, operating thirteen full service offices in Venango, Butler, Clarion, Clearfield, Crawford, Elk, Jefferson and Mercer counties, Pennsylvania. The Corporation's common stock is quoted on and traded through NASDAQ under the symbol "EMCF". For more information, visit the Corporation's website at www.emclairefinancial.com.