MOUNTLAKE TERRACE, Wash., June 29, 2018 (GLOBE NEWSWIRE) -- FS Bancorp, Inc. (NASDAQ:FSBW), the parent company of 1st Security Bank of Washington, has been added as a member of the broad-market Russell 3000® Index, effective after the US market opened on June 25, as part of the 2018 Russell indexes reconstitution.
Annual reconstitution of the Russell indexes captures the 4,000 largest US stocks as of May 11, ranking them by total market capitalization. Membership in the Russell 3000® Index, which remains in place for one year, means automatic inclusion in the small-cap Russell 2000® Index as well as the appropriate growth and value style indexes. FTSE Russell determines membership for its Russell indexes primarily by objective, market-capitalization rankings and style attributes.
“The Russell 3000 milestone could not have been reached without our amazing employees and our loyal customers,” stated Joe Adams, CEO. “We are honored to be included in these prestigious indexes.”
Russell indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for active investment strategies. Approximately $9 trillion in assets are benchmarked against Russell’s US indexes. Russell indexes are part of FTSE Russell, a leading global index provider.
About 1st Security Bank of Washington:
1st Security Bank was rated the #1 bank based in Washington State by Banker’s Caddy, an independent bank rating agency in St. Louis, MO; was named one of the top 200 Healthiest Banks in the US by DepositAccounts.com from 2014-2018; was named a finalist in its class in the Puget Sound Business Journal’s 2015, 2016, 2017 and 2018 Washington’s Best Workplaces contests; was named one of 34 “Bank and Thrift All Stars” by Sandler O’Neill; and is a repeat recipient of the Raymond James Community Bankers Cup Award.
1st Security Bank of Washington, member FDIC and Equal Housing Lender, recently crossed the $1 billion-in-asset threshold. The Bank provides loan and deposit services to customers at its twelve branches, including a recently opened branch in Silverdale, with mortgage services at each branch as well as lending offices in the greater Puget Sound area and the Tri-Cities. FS Bancorp, Inc., a Washington corporation, is the holding company for the bank.
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.
Joe Adams, CEO
1st Security Bank
Donna Jacobson, Director of Marketing
1st Security Bank
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