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Preferred Bank Set to Join S&P SmallCap 600

News Provided by PR Newswire2018-06-29
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Preferred Bank Set to Join S&P SmallCap 600

 
[29-June-2018]
 

NEW YORK, June 29, 2018 /PRNewswire/ -- Preferred Bank (NASD: PFBC) will replace Infinity Property & Casualty Corp. (NASD: IPCC) in the S&P SmallCap 600 effective prior to the open of trading on Friday, July 6. S&P MidCap 400 constituent Kemper Corp. (NYSE: KMPR) is acquiring Infinity Property & Casualty in a transaction expected to be completed on or about July 2. Post merger, Kemper's sub-industry group will change GICS (Global Industry Classification Standard) to Property & Casualty Insurance from Multi-Line Insurance.

Preferred Bank provides various commercial banking products and services.  Headquartered in Los Angeles, CA, the company will be added to the S&P SmallCap 600 GICS Regional Banks Sub-Industry index.

Following is a summary of the change:

S&P SMALLCAP 600 INDEX – July 6, 2018


COMPANY

GICS ECONOMIC SECTOR

GICS SUB-INDUSTRY

ADDED

Preferred Bank

Financials

Regional Banks

DELETED

Infinity Property & Casualty

Financials

Property & Casualty Insurance

For more information about S&P Dow Jones Indices, please visit www.spdji.com

ABOUT S&P DOW JONES INDICES

S&P Dow Jones Indices is the largest global resource for essential index-based concepts, data and research, and home to iconic financial market indicators, such as the S&P 500® and the Dow Jones Industrial Average®. More assets are invested in products based on our indices than products based on indices from any other provider in the world. Since Charles Dow invented the first index in 1884, S&P DJI has become home to over 1,000,000 indices across the spectrum of asset classes that have helped define the way investors measure and trade the markets.

S&P Dow Jones Indices is a division of S&P Global (NYSE: SPGI), which provides essential intelligence for individuals, companies, and governments to make decisions with confidence. For more information, visit www.spdji.com.

FOR MORE INFORMATION:

David Blitzer
Managing Director and Chairman of the Index Committee
New York, USA
(+1) 212 438 3907
david.blitzer@spglobal.com

S&P Dow Jones Indices
index_services@spglobal.com

Media Inquiries
spdji_communications@spglobal.com

 

Cision View original content:http://www.prnewswire.com/news-releases/preferred-bank-set-to-join-sp-smallcap-600-300674942.html

SOURCE S&P Dow Jones Indices


Company Codes: NASDAQ-NMS:IPCC, NASDAQ-NMS:PFBC, NYSE:KMPR, NYSE:SPGI


© 2018 PR Newswire. All Rights Reserved.

#content-news .main-news{color:#737373;font-size:14px;line-height:inherit;text-align:inherit}

The news, reports, views and opinions of authors (or source) expressed are their own and do not necessarily represent the views of CRWE World.


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