NEW YORK, June 25 /PRNewswire-FirstCall/ -- Standard & Poor's will make the following change to the S&P SmallCap 600 index after the close of trading on Monday, June 30: -- First Financial Bankshares Inc. (NASDAQ:FFIN) will replace SCPIE Holdings Inc. (NYSE:SKP). SCPIE is being acquired by The Doctors Co. in a deal expected to close on or about that date, pending final approvals.
Standard & Poor's will monitor this transaction, and post any relevant updates on its website: http://www.standardandpoors.com/ First Financial Bankshares offers various commercial banking services in Texas. Headquartered in Abilene, TX, the company will be added to the S&P SmallCap 600 GICS (Global Industry Classification Standard) Regional Banks Sub-Industry index.
Following is a summary of the change: S&P SMALLCAP 600 INDEX - June 30, 2008 COMPANY GICS ECONOMIC GICS SUB-INDUSTRY
SECTOR
ADDED First Financial Financials Regional Banks
Bankshares DELETED SCPIE Holdings Financials Property & Casualty
Insurance
Additions to and deletions from an S&P equity index do not in any way reflect an opinion on the investment merits of the companies concerned.
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