First National Bankshares of Florida, Inc. Included in the Newly Reconstituted Russell 3000 Equity Index
07 Juli 2004 - 3:30PM
PR Newswire (US)
First National Bankshares of Florida, Inc. Included in the Newly
Reconstituted Russell 3000 Equity Index NAPLES, Fla., July 7
/PRNewswire-FirstCall/ -- First National Bankshares of Florida,
Inc. (NYSE:FLB), a diversified financial services company focused
on expansion in the high-growth Florida market, today announced
that it has been included in the Russell 3000 Index, effective June
25, 2004. The Russell 3000 Index is a leading benchmark that
contains the 3,000 largest companies incorporated in the United
States ranked by total market capitalization. (Logo:
http://www.newscom.com/cgi-bin/prnh/20031230/FNBFLOGO ) "It is
truly an honor to have our stock included in the Russell 3000
index," said Gary L. Tice, Chairman and Chief Executive Officer of
First National Bankshares. "Our inclusion in this well-recognized
investment index represents another milestone for us and reflects
our company's growth and will further boost our visibility in the
investment community." Russell indexes are widely used by
investment managers and institutional investors for index funds and
as benchmarks for passive and active investment strategies. More
than $360 billion is invested in passive funds based on Russell's
indexes and an additional $1.4 trillion is benchmarked to them.
Investment managers who oversee these funds buy shares of member
stocks according to that company's weighting in the particular
index. The Russell Investment Group rebalances its 21 U.S. equity
indexes on an annual basis. This process results in a newly
adjusted stock composition for all Russell indexes, effective with
the start of the third quarter. By adjusting its equity indexes
annually, Russell achieves an accurate ranking of the 3,000 largest
U.S. public companies comprising 98% of the investable equity
market, based on total market capitalization. Membership in the
Russell 3000 means automatic inclusion in the large-cap Russell
1000 Index or the small-cap Russell 2000 Index as well as the
appropriate growth and style indexes. The newly reconstituted
Russell indexes may be viewed at http://www.russell.com/. About
First National Bankshares First National Bankshares of Florida,
Inc. is a $4.0 billion diversified financial services company
headquartered in Naples, Florida. In addition to traditional
banking, the company provides a complete line of insurance and
wealth management services with 59 full-service financial centers
located throughout Southwest and Central Florida. The company's
stock is traded on the New York Stock Exchange under the symbol
"FLB." About the Russell Investment Group Headquartered in Tacoma,
Washington, Russell is a leader in multi-manager investment
services that provides investment products and services in more
than 35 countries. Russell manages more than $107 billion in assets
and advises clients worldwide representing more than $1.8 trillion.
Founded in 1936, Russell is a subsidiary of Northwestern Mutual.
Except for the historical and present factual information contained
herein, the matters set forth in this press release, including
those identified by words such as "believes," "expects,"
"projects," "plans," "anticipates," and similar expressions, are
forward-looking statements within the meaning of the "safe harbor"
provisions of the Private Securities Litigation Reform Act of 1995.
Such statements involve risks and uncertainties including, but not
limited to, costs, delays, and any other difficulties related to
the mergers, failure of the parties to satisfy closing conditions,
risks and effects of legal and administrative proceedings and
governmental regulations, future financial and operating results,
competition, economic conditions, ability to manage and continue
growth, and other risk industry factors as detailed from time to
time in First National Bankshares of Florida's reports filed with
the Securities and Exchange Commission. First National Bankshares
of Florida disclaims any responsibility to update these
forward-looking statements. CONTACT: Clay W. Cone Vice President,
Director of Corporate Communications 239-436-1676
http://www.newscom.com/cgi-bin/prnh/20031230/FNBFLOGO
http://photoarchive.ap.org/ DATASOURCE: First National Bankshares
of Florida, Inc. CONTACT: Clay W. Cone, Vice President, Director of
Corporate Communications, First National Bankshares Of Florida,
Inc., +1-239-436-1676 Web site:
http://www.firstnationalbankshares.com/
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