FNB United Corp. Added to the Russell 3000 Index, the Russell 2000 Index, the Russell Global Index and the Russell Microcap I...
28 Juin 2012 - 5:25PM
FNB United Corp. (Nasdaq:FNBN) (the "Company"), the bank holding
company for CommunityOne Bank, N.A. and Bank of Granite (the
"Banks"), announced today that it was added to the Russell 3000®
Index, the Russell 2000® Index, the Russell Global Index and the
Russell Microcap® Index when Russell Investments reconstituted its
comprehensive set of U.S. and global equity indexes.
Russell indices are widely used by investment managers and
institutional investors for both index funds and as benchmarks for
passive and active investment strategies. In the institutional
marketplace, an industry leading $3.9 trillion in assets currently
are benchmarked to them. The Company will hold its
membership in the Indices until Russell reconstitutes them again in
June 2013.
The annual reconstitution of the Russell 3000® captures the
3,000 largest U.S. stocks as of the end of May, ranking them by
total market capitalization. The largest 1,000 companies in
the ranking comprise the Russell 1000® and the next 2,000 companies
become the Russell 2000®. The Russell 3000® also serves as the
U.S. component to the Russell Global Index.
About FNB United Corp.
FNB United Corp. is the North Carolina-based bank holding
company for two historic community banks, CommunityOne Bank, N.A.
(MyYesBank.com) and Bank of Granite (BankOfGranite.com). Founded in
1907, CommunityOne operates 45 branches in 38 communities
throughout central, southern and western North Carolina. Founded in
1906, Bank of Granite operates 18 branches in western North
Carolina. Through its banking subsidiaries, FNB United offers a
full range of consumer, mortgage and business banking services,
including loan, deposit, cash management, wealth management and
online banking services.
CONTACT: Pam Cranford
Investor Relations
Tel: (336) 626-8300
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