Texas United Bancshares, Inc. to Join Russell Microcap Index
04 Agosto 2005 - 11:00AM
PR Newswire (US)
LA GRANGE, Texas, Aug. 4 /PRNewswire-FirstCall/ -- Texas United
Bancshares, Inc. (NASDAQ:TXUI), a community banking organization
and the parent company of State Bank, La Grange, Texas and GNB
Financial, n.a., Gainesville, Texas, announced today it was
selected to join the new Russell Microcap(TM) Index. This new
investment index is comprised of the smallest 1,000 securities in
the small-cap Russell 2000(R) Index, plus the next 1,000 companies,
based on a ranking of all U.S. equity securities by market
capitalization. "We are pleased to be included in the Russell
Microcap Index," said Don Stricklin, President and CEO of Texas
United Bancshares. "Our inclusion will further enhance our
visibility within the investment community." The Russell indexes
are widely used as benchmarks by investment managers and
institutional investors. The addition of the Microcap Index
provides an unbiased benchmark for performance of the microcap
segment. About the Company Texas United Bancshares, Inc. is a
registered financial holding company listed on the NASDAQ National
Market under the symbol "TXUI." Texas United operates through two
wholly-owned subsidiary banks, State Bank and GNB Financial, n.a.
and offers a complete range of banking services through 22
full-service State Bank banking centers located in the greater
central and south central Texas area and seven full-service GNB
Financial banking centers located in Gainesville, Denton and Ennis,
Texas. In addition, State Bank operates four mortgage loan
production offices and 13 limited service branches located in
Houston, San Antonio and Austin. Forward-Looking Statements Except
for historical information, certain of the matters discussed in
this news release may constitute forward-looking statements within
the meaning of the Private Securities Litigation Reform Act of 1995
that involve risks and uncertainties, including, but not limited
to, the following: general business and economic conditions in the
markets Texas United serves may be less favorable than expected
which could decrease the demand for loan, deposit and other
financial services and increase loan delinquencies and defaults;
changes in the interest rate environment which could reduce Texas
United's net interest margin; acquisition integration may be more
difficult than anticipated; legislative or regulatory developments
including changes in laws concerning taxes, banking, securities,
insurance and other aspects of the financial securities industry;
competitive factors may increase, including product and pricing
pressures among financial services organizations; and changes in
accounting principles, policies or guidelines. All written or oral
forward-looking statements are expressly qualified in their
entirety by these cautionary statements. Please also read the
additional risks and factors described from time to time in Texas
United's reports and registration statements filed with the
Securities and Exchange Commission. We disclaim any obligation to
update or revise any forward-looking statements contained in this
release. DATASOURCE: Texas United Bancshares, Inc. CONTACT: L. Don
Stricklin, President & CEO, +1-979-968-7214, or , or Jeff
Wilkinson, Chief Financial Officer, +1-979-968-7230, or , both of
Texas United Bancshares, Inc.; or Linda Margolin of Margolin &
Associates, Inc., +1-216-932-1755, or , for Texas United
Bancshares, Inc.
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