Updated July 29 at 1:29pm

Customers added to ABA Nasdaq index

Customers Bancorp Inc., parent company of Customers Bank, has been added to the MSCI USA Micro Cap Index, the bank announced Dec. 2. The bank was added to the index Nov. 26 after MSCI’s semi-annual review.

To continue reading this article, please do one of the following.



Enter your email to receive Providence Business News' e-newsletters
and breaking news alerts.  

financial services

Customers added to ABA Nasdaq index

Posted:

WYOMISSING, Pa. – Customers Bancorp, Inc., parent company of Customers Bank was been added to the American Bankers Association Nasdaq Community Bank Index on Dec. 26.

“We are delighted to be added to the ABA Community Bank Index,” Customers Bank Chairman and CEO Jay Sidhu said. “As a strong advocate for all community banks across the nation, the ABA is the premier bank trade association. We believe our addition to the ABA Community Bank Index will increase our visibility among consumers, partners and investors.”

Customers Bancorp was also added to the MSCI USA Micro Cap Index on Nov. 26. MSCI Inc. provides investment decision support tools to investors globally, including asset managers, banks, hedge funds and pension funds. MSCI products and services include indices, portfolio risk and performance analytics and governance tools.

The MSCI USA Micro Cap Index is designed to measure the performance of the micro cap segment of the U.S. equity market.

Micro-cap refers to the stock of a publicly-traded company in the United States that has a market capitalization between approximately $50 million and $300 million.

Customers Bank moved into the Rhode Island market in March 2013 with the acquisition of the regional business of Flagstar Bank. Customers Bank has a regional headquarters in Providence and a second regional office in Boston.

Customers Bancorp Inc, Customers Bank, MSCI USA Micro Cap Index,

Comments

No comments on this story | Please log in to comment by clicking here
Please log in or register to add your comment
Latest News