CANFIELD, Ohio--(BUSINESS WIRE)--
Farmers National Banc Corp. (FMNB) will join the Russell Microcap Index when Russell Investments reconstitutes its family of U.S. indexes on June 25, according to a preliminary list of additions posted on http://www.russell.com.
Membership in the Russell Microcap Index, 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.
This announcement is great news on two fronts, says Farmers President and CEO John S. Gulas. First, positive recognition such as this will surely be a value to our current shareholders. Second, investors from all over the country will now be introduced to the Farmers story, through Russell and see the benefits in joining our shareholder ranks. Either way, its gratifying to see our companys growth plans achieve success.
Todays Russell announcement comes just weeks after Farmers was named one of 200 best community banks in America by American Banker Magazine (www.americanbanker.com) and notice from PrimeVestFarmers financial services partner for investment servicesthat Farmers is its number two producer of investment services in the US for banks its size.
Russell indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for both passive and active investment strategies. In the institutional marketplace, an industry-leading $3.9 trillion in assets currently are benchmarked to them. Russell calculates more than 80,000 benchmarks daily covering approximately 98 percent of the investable market globally, 83 countries and more than 10,000 securities.
Annual reconstitution of Russell Indexes captures the 4,000 largest U.S. stocks as of the end of May, ranking them by total market capitalization to create the Russell 3000 Index and Russell Microcap Index. 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 Microcap and other Russell Indexes is available at http://www.russell.com/indexes/data/US_Equity/Russell_US_Index_returns.asp.
About Farmers National Bank
Farmers National Bank is Mahoning Valleys leading community bank with more than $1 billion in Banking assets and $1 billion in Trust assets. With 19 banking locations and two trust offices throughout Trumbull, Mahoning, Columbiana and Stark counties, Farmers also has a full array of financial services to include Farmers National Investments, Farmers Trust Company and Farmers National Insurance.
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Farmers National Banc Corp. to Join Russell Microcap Index
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