Preferred Bank Set to Join S&P SmallCap 600
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:
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SOURCE S&P Dow Jones Indices | ||||||||||||||||||
Company Codes: NASDAQ-NMS:IPCC, NASDAQ-NMS:PFBC, NYSE:KMPR, NYSE:SPGI | ||||||||||||||||||
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