United Security Bancshares - Included in Russell 2000 Index
June 19 2006 - 2:55PM
PR Newswire (US)
FRESNO, Calif., June 19 /PRNewswire/ -- Dennis R. Woods, President
and Chief Executive Officer of United Security Bancshares
http://www.unitedsecuritybank.com/ (NASDAQ:UBFO) announced today
United Security Bancshares will be included in the Russell 2000
index when the Russell Investment Group reconstitutes its family of
U.S. indexes on June 30, 2006. Russell recently posted a
preliminary membership list at http://www.russell.com/indexes. The
top 3,000 stocks comprise the Russell 3000(R) Index. The largest
1,000 stocks become the Russell 1000(R) Index and the next 2,000
stocks become the Russell 2000(R) Index. The smallest 1,000 in the
Russell 2000 Index plus the next smallest 1,000 comprise the
Russell Microcap Index. Membership in the Russell 3000 remains in
place for one year. Russell determines membership for its equity
indexes primarily by objective, market capitalization rankings and
style attributes. 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 $3.8 trillion in assets currently are benchmarked
to them. Investment managers who oversee these funds purchase
shares of member stocks according to that company's weighting in
the particular index. DATASOURCE: United Security Bancshares
CONTACT: Dennis R. Woods, President and Chief Executive Officer of
United Security Bank, +1-559-248-4928 Web site:
http://www.unitedsecuritybank.com/
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