Citizens South Banking Corporation Added to the Russell Microcap(R) Index
07 Luglio 2011 - 7:35PM
Citizens South Banking Corporation (Nasdaq:CSBC), the parent
company of Citizens South Bank, announced today that it was added
to the Russell Microcap® Index. Russell Investments determines
membership for its equity indexes primarily by objective,
market-capitalization rankings and style attributes. Membership in
the Russell Microcap® Index remains in place for one year and means
automatic inclusion in the appropriate growth and value style
indexes.
"We are pleased to be included among the well-respected
companies in this index and are encouraged that our strategic
initiatives have earned us this recognition," commented Kim S.
Price, President and CEO. "The inclusion of Citizens South Banking
Corporation in the Russell Microcap® Index will expose our
company and its stock to a wider audience of institutional
investors which we believe will ultimately benefit our long-term
shareholders."
Russell indexes are widely used by investment managers and
institutional investors for index funds and as benchmarks for both
passive and active investment strategies. An industry-leading $3.9
trillion in institutional assets currently are benchmarked to
them.
Annual reconstitution of Russell indexes captures the 4,000
largest U.S. stocks, as of the end of May, ranking them by total
market capitalization to create the Russell 3000® Index and Russell
Microcap® Index. These investment tools originated from Russell's
multi-manager investment business in the early 1980s when the
company saw the need for a more objective, market-driven set of
benchmarks in order to evaluate outside investment managers.
More information on the Russell Microcap® Index and other
Russell indexes, including daily returns, is available at
http://www.russell.com/Indexes/data/default.asp.
About Russell Investments
Russell Investments provides strategic advice, world-class
implementation, state-of-the-art performance benchmarks and a range
of institutional-quality investment products. Russell Investments
had more than $161 billion in assets under management at March 31,
2011, and serves individual, institutional and advisor clients in
more than 35 countries. Founded in 1936, Russell Investments is a
subsidiary of The Northwestern Mutual Life Insurance Company.
About Citizens South Banking Corporation
Citizens South Banking Corporation is the holding company for
Citizens South Bank. Shares of the common stock of the Company
trade on the NASDAQ Global Market under the ticker symbol
"CSBC". Citizens South Bank was founded in 1904 and is
headquartered in Gastonia, NC. The Bank is an Equal Housing Lender
and its deposits are FDIC-insured up to applicable regulatory
limits. As of March 31, 2011, the Company had $1.0 billion in
assets with 21 full-service offices in the Charlotte and north
Georgia regions. The Company maintains a website at
www.citizenssouth.com that includes information on the Company,
along with a list of products and services, branch locations,
current financial information, and links to the Company's filings
with the SEC.
The Citizens South Banking Corporation logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=7099
CONTACT: Kim S. Price, President/CEO
(704) 884-2260
Kim.Price@citizenssouth.com
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