First Republic Bank (FRC) will replace Scana Corp. (SCG) in the S&P 500 effective prior to the open of trading on Jan. 2, 2019, S&P Dow Jones Indices announced Thursday.

S&P 500 constituent Dominion Energy Inc. (D) is acquiring Scana in a deal expected to be completed soon, pending final conditions.

In after-hours trading, San Francisco-based First Republic shares rose 4.3% to $87.24. In regular trading, shares of the bank slipped 0.5% to $83.67.

First Republic will be added to the S&P 500 Global Industry Classification Standard Regional Banks Sub-Industry index, S&P Dow Jones Indices said.

Write to Aaron Rennie at aaron.rennie@wsj.com

(END) Dow Jones Newswires

December 27, 2018 18:43 ET (23:43 GMT)

Copyright (c) 2018 Dow Jones & Company, Inc.
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