Select Bancorp to Join Russell 3000® Index
June 15 2018 - 4:25PM
Select Bancorp, Inc. (the “Company”) (NASDAQ:SLCT), the holding
company for Select Bank & Trust Company, will be added to the
Russell 3000® Index at the conclusion of the Russell US Indexes
annual reconstitution, effective after the US market opens on June
25, 2018. FTSE Russell, a leading global index, data and analytics
provider, posted its official preliminary lists of companies set to
enter or leave the US broad-market Russell 3000® Index and the
Russell Microcap® Index when the Russell US Indexes complete their
annual rebalance after US equity markets close on Friday, June 22.
“Inclusion in the Russell 3000® is a strong
testament to the dedication, commitment and aspirations of our
directors, management and staff in achieving the qualifications
needed to be recognized on this list,” said Mark A. Jeffries, CFO
of the Company and its subsidiary bank, Select Bank &
Trust. “This index underscores the fundamental health of the
company to our shareholders and will enhance our visibility with
other investors, asset managers and analysts.”
Every June, the family of Russell US Indexes is
realigned and recalibrated to reflect market changes in the last
year. This reconstitution is done to the largest U.S. Stocks,
ranking them by total market capitalization. The largest 3000
companies comprise the Russell 3000® Index.
About Select Bancorp, Inc.Select
Bancorp, Inc. (NASDAQ:SLCT) is the registered bank holding company
of Select Bank & Trust Company. Select Bank & Trust
is headquartered in Dunn, NC, with 18 offices in Burlington,
Charlotte, Clinton, Dunn, Elizabeth City, Fayetteville, Goldsboro,
Greenville, Leland, Lillington, Lumberton, Morehead City, Raleigh,
Washington, and Wilmington NC and Blacksburg, Rock Hill, and Six
Mile, SC. Select Bank & Trust serves these, and nearby
communities focusing on local businesses and consumers as a
dedicated community bank. The mission of Select Bank & Trust is
to be the bank of choice in the communities it serves, by providing
exceptional customer service, superior products and experienced
bankers using a “common sense” approach to banking. When customers
choose to bank with Select Bank, they receive quality financial
products at a fair and competitive price, along with what the bank
believes is unparalleled friendly, courteous, and responsive
service.
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 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.
Important Note Regarding Forward-Looking
StatementsThis news release contains forward-looking
statements within the meaning of the Private Securities Litigation
Reform Act of 1995, including, without limitation: (i) statements
related to the Company’s future inclusion in the 3000® Index; (ii)
statements relating to future plans and expectations; and (iii)
statements preceded by, followed by or that include the words
“may,” “could,” “should,” “would,” “believe,” “anticipate,”
“estimate,” “expect,” “intend,” “plan,” “projects,” “outlook” or
similar expressions. Such statements are subject to risks,
uncertainties, and other factors which could cause actual results
to differ materially from future results or expectations expressed
or implied by such forward-looking statements. The inclusion of
this forward-looking information should not be construed as a
representation by the Company or any person that such future
events, plans, or expectations will occur or be achieved.
Additional information concerning factors that could cause actual
results to materially differ from those in the forward-looking
statements is contained in the Company’s SEC filings, including its
periodic reports under the Securities Exchange Act of 1934, as
amended, copies of which are available upon request from the
Company. Except as required by law, the Company assumes no
obligation to update the forward-looking statements publicly or to
update the reasons actual results could differ materially from
those anticipated in the forward-looking statements, even if new
information becomes available in the future.
Mark A. JeffriesExecutive Vice PresidentChief
Financial Officer Office: 910-892-7080 and Direct:
910-897-3603markj@SelectBank.com SelectBank.com
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