Two Midwest banks join Community Bank Index

Bridgewater Bancshares, Inc., of Bloomington, Minn., and Level One Bancorp, Inc., of Farmington Hills, Mich., have been added to the American Bankers Association’s Community Bank Index, ABAQ. The symbol for Bridgewater, which went public in February, is BWB. Level One’s symbol is LEVL.

The ABA NASDAQ Community Bank Index includes 325 community banks with $312 billion in market capitalization. Launched in December 2003, the stock index remains an important tool for banks to gain visibility with analysts and investors.

The additions are effective June 1, 2018. Other community banks included were: Meridian Bank (MRBK), Malvern, Pa.; CBTX, Inc. (CBTX), Houston, Texas; Sterling Bancorp, Inc. (SBT), Montebello, N.Y.; Luther Burbank Corporation (LBC), Santa Rosa, Calif.; FNCB Bancorp Inc. (FNCB), Dunmore, Pa.; OP Bancorp (OPBK), Los Angeles, Calif.; Business First Bancshares, Inc. (BFST), Baton Rouge, La.; and Columbia Financial, Inc. (CLBK), Fair Lawn, N.J.