Riverview Bancorp Added to Russell 2000 Index
July 05 2017 - 9:00AM
Riverview Bancorp, Inc. (Nasdaq:RVSB) (“Riverview” or the
“Company”) today announced 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 26,
2017.
“We are pleased to be added to the Russell 2000,
which reflects our continued positive momentum and efforts to
increase shareholder value,” said Pat Sheaffer, Chairman and CEO of
the Company. “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 99% of the U.S. equity assets
are benchmarked by the Russell 3000, representing more than $8.5
trillion. The Company will hold its membership until FTSE
Russell reconstitutes its indexes in June 2018.
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.
About RiverviewRiverview
Bancorp, Inc. (www.riverviewbank.com) is headquartered in
Vancouver, Washington – just north of Portland, Oregon on the I-5
corridor. With assets of $1.13 billion, it is the parent
company of the 94 year-old Riverview Community Bank, as well as
Riverview Trust Company. The Bank offers true community
banking services, focusing on providing the highest quality service
and financial products to commercial and retail customers. There
are 19 branches, including 14 in the Portland-Vancouver area and
three lending centers.
This press release contains statements that the
Company believes are “forward-looking statements.” These
statements relate to the Company’s financial condition, results of
operations, plans, objectives, future performance or
business. You should not place undue reliance on these
statements, as they are subject to risks and uncertainties.
When considering these forward-looking statements, you should keep
in mind these risks and uncertainties, as well as any cautionary
statements the Company may make. Moreover, you should treat
these statements as speaking only as of the date they are made and
based only on information then actually known to the Company.
About FTSE RussellFTSE Russell
is a global index leader that provides innovative benchmarking,
analytics and data solutions for investors worldwide. FTSE
Russell calculates thousands of indexes that measure and benchmark
markets and asset classes in more than 70 countries, covering 98%
of the investable market globally.
FTSE Russell index expertise and products are
used extensively by institutional and retail investors
globally. Approximately $10 trillion is currently benchmarked
to FTSE Russell indexes. For over 30 years, leading asset
owners, asset managers, ETF providers and investment banks have
chosen FTSE Russell indexes to benchmark their investment
performance and create ETFs, structured products and index-based
derivatives.
A core set of universal principles guides FTSE
Russell index design and management: a transparent
rules-based methodology is informed by independent committees of
leading market participants. FTSE Russell is focused on
applying the highest industry standards in index design and
governance, and embraces the IOSCO principles. FTSE Russell
is also focused on index innovation and client collaboration as it
seeks to enhance the breadth, depth and reach of its offering.
Contacts:
Pat Sheaffer or Kevin Lycklama
Riverview Bancorp, Inc. 360-693-6650
Riverview Bancorp (NASDAQ:RVSB)
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