PBKS Provident Bankshares (MM)

NEW YORK, May 18 /PRNewswire/ -- Standard & Poor's will make the following changes to the S&P SmallCap 600 index: -- Bank of the Ozarks Inc. (NASDAQ:OZRK) will replace Flagstar Bancorp Inc. (NYSE:FBC) in the S&P SmallCap 600 after the close of trading on Tuesday, May 26. Flagstar received a capital investment from MattlinPatterson Global Advisors LLC, which, when fully completed, will result in a substantial reduction in the percentage of its public float available to investors, rendering it ineligible for continued inclusion in the index. -- Genoptix Inc. (NASDAQ:GXDX) will replace Provident Bankshares Corp. (NASDAQ:PBKS) in the S&P SmallCap 600 after the close of trading on a date to be announced. Provident is being acquired by S&P 500 constituent M&T Bank Corp. (NYSE:MTB) in a deal pending final approvals. Standard & Poor's will monitor these transactions, and post any relevant updates on its website: http://www.standardandpoors.com/. Bank of the Ozarks provides retail and commercial banking products and services. Headquartered in Little Rock, AR, the company will be added to the S&P SmallCap 600 GICS (Global Industry Classification Standard) Regional Banks Sub-Industry index. Genoptix is a specialized laboratory service provider. Headquartered in Carlsbad, CA, the company will be added to the S&P SmallCap 600 GICS Health Care Services Sub-Industry index. Following is a summary of the changes: S&P SMALLCAP 600 INDEX - May 26, 2009 COMPANY GICS ECONOMIC SECTOR GICS SUB-INDUSTRY ADDED Bank of the Financials Regional Banks Ozarks DELETED Flagstar Financials Thrifts & Mortgage Bancorp Finance S&P SMALLCAP 600 INDEX - TBA COMPANY GICS ECONOMIC SECTOR GICS SUB-INDUSTRY ADDED Genoptix Health Care Health Care Services DELETED Provident Financials Regional Banks Bankshares About Standard & Poor's Index Services Standard & Poor's Index Services, the world's leading index provider, maintains a wide variety of investable and benchmark indices to meet an array of investor needs. Its family of indices includes the S&P 500, an index with $1.5 trillion invested and $4.85 trillion benchmarked, and the S&P Global 1200, a composite index comprised of seven regional and country headline indices. For more information, please visit http://www.standardandpoors.com/indices. About Standard & Poor's Standard & Poor's, a subsidiary of The McGraw-Hill Companies (NYSE:MHP), is the world's foremost provider of independent credit ratings, indices, risk evaluation, investment research and data. With approximately 10,000 employees, including wholly owned affiliates, located in 23 countries and markets, Standard & Poor's is an essential part of the world's financial infrastructure and has played a leading role for more than 140 years in providing investors with the independent benchmarks they need to feel more confident about their investment and financial decisions. For more information, visit http://www.standardandpoors.com/. DATASOURCE: Standard & Poor's CONTACT: David M. Blitzer, Ph.D., Managing Director & Chairman of the Index Committee, +1-212-438-3907 Web Site: http://www.standardandpoors.com/

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