Stonegate Bank Announces Addition to Russell Index
20 Giugno 2014 - 6:05PM
Marketwired
Stonegate Bank Announces Addition to Russell Index
POMPANO BEACH, FL--(Marketwired - Jun 20, 2014) -
Stonegate Bank (NASDAQ: SGBK), a Florida-chartered commercial
bank headquartered in Pompano Beach, Florida, is set to join the
broad-market Russell 3000 Index when Russell Investments
reconstitutes its comprehensive set of U.S. and global equity
indexes on June 27, 2014, according to a preliminary list of
additions posted June 13, 2014, at
http://www.russell.com/indexes/americas/tools-resources/reconstitution/additions-deletions.page#indexes.
Annual reconstitution of Russell's indexes captures the 4,000
largest U.S. stocks as of the last trading day in May, ranking them
by total market capitalization. Membership in the Russell
3000, which remains in place for one year, means automatic
inclusion in the large-cap Russell 1000 Index or small-cap Russell
2000 Index as well as the appropriate growth and value style
indexes. Russell determines membership for its equity indexes
primarily by objective, market-capitalization rankings and style
attributes. The Russell 3000 also serves as the U.S. component
to the Russell Global Index, which Russell launched in 2007.
Russell Indexes are widely used by investment managers and
institutional investors for index funds and as benchmarks for
active investment strategies. Approximately $5.2 trillion in
assets are benchmarked to the Russell Indexes. Russell
calculates more than 700,000 benchmarks daily covering
approximately 98 percent of the investable market globally, more
than 80 countries and 10,000 securities.
About Stonegate
Stonegate Bank is a full-service commercial bank, providing a wide
range of business and consumer financial products and services
through its 14 banking offices in its target marketplace of South
and West Florida, which is comprised primarily of Broward,
Charlotte, Collier, Hillsborough, Lee, Miami-Dade, Palm Beach and
Sarasota Counties in Florida. Stonegate's principal executive
office and mailing address is 400 North Federal Highway, Pompano
Beach, Florida 33062 and its telephone number is (954)
315-5500.
Forward-Looking
Statements Any non-historical statements in this press
release are "forward-looking statements" within the meaning of the
Private Securities Litigation Reform Act of 1995. Such
forward-looking statements are based on current plans and
expectations that are subject to uncertainties and risks, which
could cause our future results to differ materially. The following
factors, among others, could cause our actual results to differ:
the strength of the United States economy in general and the
strength of the local economies in which we conduct operations; our
inclusion in the Russell 3000 Index upon completion of the annual
reconstitutions; changes in the securities and capital markets; and
our ability to manage the risks involved in the foregoing.
Additional factors can be found in our filings with the FDIC, which
are available at the FDIC's internet site
(http://www2.fdic.gov/efr/). Forward-looking statements in this
press release speak only as of the date of the press release and
Stonegate assumes no obligation to update any forward-looking
statements or the reasons why actual results could differ.
MEDIA CONTACT:
Ansley Campbell (Email Contact) Sissy DeMaria (Email Contact) Kreps
DeMaria (305) 663-3543 INVESTOR RELATIONS: Dave
Seleski (Email Contact) Stonegate Bank (954) 315-5510
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