Savings Institute Bank & Trust Added to Russell 2000 Index
June 29 2016 - 3:21PM
SI Financial Group, Inc. (NASDAQ:SIFI), the holding company for
Savings Institute Bank & Trust, announced today it was added to
the Russell 3000® Index and Russell 2000® Index when Russell
Investments reconstituted its comprehensive set of U.S. and global
equity indexes on June 27, 2016.
"We are pleased to be added to the Russell 2000, which reflects
our continued positive momentum and efforts to increase shareholder
value," said Rheo Brouillard, President and CEO, Savings Institute
Bank & Trust. "We expect our inclusion will raise our
profile and generate greater interest in our stock among
institutional investors."
Russell indexes are widely used by investment managers and
institutional investors for both Index funds and as benchmarks
for passive and active investment strategies. In the
U.S. marketplace, approximately 98% of the U.S. equity assets are
benchmarked by the Russell 3000, representing more than $4
trillion. The Company will hold its membership until Russell
reconstitutes its indexes in June 2017.
The annual reconstitution of the Russell 3000 captures the 3,000
largest U.S. stocks as of the end of May, ranking them by total
market capitalization. The largest 1,000 companies in this
ranking comprise the Russell 1000 and the next 2,000 companies
become the Russell 2000.
The Russell 3000 also serves as the U.S. component to the
Russell Global Index, which Russell launched in 2007.
Russell Investments (Russell) is a global asset manager and one
of only a few firms that offers actively managed, multi-asset
portfolios and services that include advice, investments and
implementation. Working with institutional investors, financial
advisors and individuals, Russell's core capabilities extend across
capital markets insights, manager research, Indexes, portfolio
implementation and portfolio construction.
SI Financial Group, Inc. is the holding company for Savings
Institute Bank and Trust Company. Established in 1842,
Savings Institute Bank and Trust Company is a community-oriented
financial institution headquartered in Willimantic,
Connecticut. Through its twenty-five branch locations, the
Bank offers a full-range of financial services to individuals,
businesses and municipalities within its market area.
CONTACT:
Catherine R. Pomerleau
Executive Assistant / Investor Relations Administrator
Phone: (860) 456-6514 / Email: investorrelations@banksi.com
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