PDL Community Bancorp added to membership of the Russell 3000® Index and Russell 2000® Index
June 27 2018 - 1:15PM
PDL Community Bancorp, (the “Company”) (NASDAQ:PDLB), the holding
company for Ponce Bank, today announced it was added to the Russell
3000
® Index and the Russell
2000
® Index effective on June 25, 2018 as
part of the 2018 Russell indexes reconstitution.
“We are pleased to be recognized for inclusion in the Russell
3000® Index and the Russell
2000® Index which is a reflection of our
efforts to increase stakeholder value,” said Carlos P. Naudon,
President and CEO of PDL Community Bancorp. Steven A.
Tsavaris, Executive Chairman, added “The inclusion is also a
reflection of our increasing profile.”
FTSE Russell determines membership for its Russell indexes
primarily by objective, market-capitalization rankings, and style
attributes. The annual reconstitution of the Russell
3000® Index 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® Large-Cap Index
while the remaining 2,000 companies comprise the Russell 2000®
Small-Cap Index.
Russell indexes are widely used by investment managers and
institutional investors for index funds and as benchmarks for
active investment strategies. Approximately $9 trillion in assets
are benchmarked against Russell’s US indexes. Russell indexes are
part of FTSE Russell, a leading global index provider.
For more information on Russell indexes reconstitution, go to
the “Russell Reconstitution” section on the FTSE Russell
website.
About PDL Community Bancorp
PDL Community Bancorp is the holding company for Ponce Bank. The
Bank’s business primarily consists of taking deposits from the
general public and investing those deposits, together with funds
generated from operations and borrowings, in mortgage loans,
consisting of one-to-four family residences (investor-owned and
owner-occupied), multifamily residences, nonresidential properties
and construction and land, and, to a lesser extent, in business and
consumer loans. The Bank also invests in securities, which have
historically consisted of U.S. Government and federal agency
securities and securities issued by government-sponsored or -owned
enterprises, as well as, mortgage-backed securities and Federal
Home Loan Bank stock. The Bank offers a variety of deposit
accounts, including demand, savings, money market and certificates
of deposit. For further information,
visit www.poncebank.com.
About FTSE Russell
FTSE Russell is a leading global index provider creating and
managing a wide range of indexes data and analytic solutions to
meet client needs across asset classes, style and strategies.
Covering 98% of the investable market, FTSE Russell indexes offer a
true picture of global markets, combined with the specialist
knowledge gained from developing local benchmarks around the
world.
FTSE Russell index expertise and products are used extensively
by institutional and retail investors globally. Approximately $16.2
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 investment funds, ETFs,
structured products and index-based derivatives. FTSE Russell
indexes also provide clients with tools for asset allocation,
investment strategy analysis and risk management.
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 index innovation and customer
partnership applying the highest industry standards and embracing
the IOSCO Principles. FTSE Russell is wholly owned by London Stock
Exchange Group. For more information, visit
www.ftserussell.com.
Forward-Looking Statements
Certain statements herein constitute forward-looking statements
within the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Exchange Act and are intended to be
covered by the safe harbor provisions of the Private Securities
Litigation Reform Act of 1995. Such statements may be identified by
words such as “believes,” “will,” “would,” “expects,” “project,”
“may,” “could,” “developments,” “strategic,” “launching,”
“opportunities,” “anticipates,” “estimates,” “intends,” “plans,”
“targets” and similar expressions. These statements are based upon
the current beliefs and expectations of the Company’s management
and are subject to significant risks and uncertainties. Actual
results and the timing of events could differ materially from those
anticipated in such forward-looking statements as a result of
various risks and uncertainties detailed in the Company’s filings
with the SEC, including its annual report on Form 10-K for the year
ended December 31, 2017. You are cautioned not to place undue
reliance on these forward-looking statements, which speak only as
of the date of this press release. All forward-looking statements
are qualified in their entirety by this cautionary statement, and
the Company undertakes no obligation to revise or update any
forward-looking statements to reflect events or circumstances after
the date of this press release.
Contact:
Frank Perezfrank.perez@poncebank.com718-931-9000
Ponce Financial (NASDAQ:PDLB)
Historical Stock Chart
From Mar 2024 to Apr 2024
Ponce Financial (NASDAQ:PDLB)
Historical Stock Chart
From Apr 2023 to Apr 2024