First Business Expects to Join Russell 2000 Index
18 June 2014 - 6:05AM
First Business Financial Services, Inc. (Nasdaq:FBIZ) expects to
join the Russell 2000® Index when Russell Investments reconstitutes
its comprehensive set of U.S. and global equity indexes on June 27,
2014, according to a preliminary list of additions posted June 13,
2014 on www.russell.com/indexes.
Annual reconstitution of Russell's U.S. indexes captures the
4,000 largest U.S. companies as of the end of May, ranking them by
total market capitalization. The Russell 3000® Index measures the
performance of the 3,000 largest U.S. companies. The largest 1,000
companies in this ranking comprise the Russell 1000® and the next
2,000 companies comprise the Russell 2000®. Membership in the
Russell 2000®, which remains in place for one year, means automatic
inclusion in the appropriate growth and value style
indexes. Russell determines membership for its equity indexes
primarily by objective, market-capitalization rankings and style
attributes.
"We are very pleased to announce our expected addition to the
Russell 2000® Index. We believe that our inclusion will
further increase our exposure to investors and the financial
community, allowing us to broaden our shareholder base," said Corey
A. Chambas, President and Chief Executive Officer. "We are
excited for investors to learn about and benefit from our
impressive growth prospects and historical shareholder
returns."
Following June 30, 2014, First Business is also expected to
remain in the Russell Microcap® Index which consists of the
smallest 2,000 of the 4,000 U.S. companies captured in Russell's
U.S. indexes. First Business' market capitalization as of May
31, 2014 was $181 million, an increase of $65 million, or 56%, from
May 31, 2013.
Russell indexes are widely used by investment managers and
institutional investors for index funds and as benchmarks for
active investment strategies. These investment tools
originated from Russell's multi-manager investment business in the
early 1980s when the company saw the need for a more objective,
market-driven set of benchmarks in order to evaluate outside
investment managers.
Total returns data for the Russell 2000® and other Russell
indexes is available at
http://www.russell.com/indexes/americas/tools-resources/index-performance-calculator.page.
About Russell:
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. Russell stands with institutional investors,
financial advisors and individuals working with their
advisors—using the firm's core capabilities that extend across
capital market insights, manager research, portfolio construction,
portfolio implementation and indexes to help each achieve their
desired investment outcomes.
Russell has more than $259 billion in assets under management
(as of March 31, 2014) and works with over 2,500 institutional
clients, independent distribution partners and individual investors
globally. As a consultant to some of the largest pools of
capital in the world, Russell has $2.4 trillion in assets under
advisement (as of June 30, 2013). It has four decades of
experience researching and selecting investment managers and meets
annually with more than 2,200 managers around the
world. Russell traded more than $1.6 trillion in 2013 through
its implementation services business. Russell also calculates
approximately 700,000 benchmarks daily covering 98% of the
investable market globally, including more than 80 countries and
more than 10,000 securities. Approximately $5.2 trillion in
assets is benchmarked (as of December 31, 2013) to the Russell
indexes, which have provided investors with 30 years of smarter
beta.
About First Business Financial Services, Inc.
First Business Financial Services (Nasdaq:FBIZ) is a $1.3
billion Wisconsin-based bank holding company that specializes in
focused financial solutions for businesses, key executives, and
high net worth individuals through its operating
companies. Its companies include: First Business Bank -
Madison; First Business Bank - Milwaukee; First Business Bank -
Northeast; First Business Trust & Investments; First Business
Equipment Finance, LLC; and First Business Capital Corp. For
additional information, visit www.firstbusiness.com or call (608)
238-8008.
CONTACT: First Business Financial Services, Inc.
James F. Ropella, Senior Vice President
and Chief Financial Officer
608-232-5970
jropella@firstbusiness.com
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