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Jun. 30, 2009 at 11:06am Heritage joins Russell 3000 IndexHeritage Financial Corp. CEO Brian L. Vance announced that the Olympia-based bank has been added to the small-cap Russell 2000 Index within the broad-market Russell 3000 Index, according to a list of additions posted June 29, 2009 on www.russell.com. Annual reconstitution of Russell's U.S. indexes captures the 4,000 largest U.S. stocks as of the end of May, ranking them by total market capitalization. Membership in the Russell 3000, which remains in place for one year, means automatic inclusion in the large-cap Russell 1000 Index or small-cap Russell 2000 Index as well as 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 especially pleased to be included in the Russell indexes in a year when bank stocks in general are depressed," Vance said. "I believe the fact that Heritage's market capitalization qualifies us for inclusion reflects investors' confidence in the strength of our balance sheet." Plenty more in the Archives The comments function of the Business Examiner community is meant to encourage conversations and spark ideas about business issues in the South Sound. The feature is free and open to members of the public who register basic log in information. Comments should be concise, on topic and avoid attacks, profanity or abusive language or content. Comments that are deemed to violate this policy will be removed. |
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