CONTACT: First Business Financial Services, Inc.
James F. Ropella, Senior Vice President
and Chief Financial Officer
608-232-5970
jropella@firstbusiness.com
MADISON, Wis., June 17, 2014 (GLOBE NEWSWIRE) — First Business
Financial Services, Inc. (Nasdaq:FBIZ) expects to join the Russell
2000(R) Index when Russell Investments reconstitutes its comprehensive
set of U.S. and global equity indexes on June 27, 2014, according to a
preliminary list of additions posted June 13, 2014 on
www.russell.com/indexes.
Annual reconstitution of Russell’s U.S. indexes captures the 4,000
largest U.S. companies as of the end of May, ranking them by total
market capitalization. The Russell 3000(R) Index measures the
performance of the 3,000 largest U.S. companies. The largest 1,000
companies in this ranking comprise the Russell 1000(R) and the next
2,000 companies comprise the Russell 2000(R). Membership in the Russell
2000(R), which remains in place for one year, means automatic inclusion
in the appropriate growth and value style indexes. Russell determines
membership for its equity indexes primarily by objective,
market-capitalization rankings and style attributes.
“We are very pleased to announce our expected addition to the Russell
2000(R) Index. We believe that our inclusion will further increase our
exposure to investors and the financial community, allowing us to
broaden our shareholder base,” said Corey A. Chambas, President and
Chief Executive Officer. “We are excited for investors to learn about
and benefit from our impressive growth prospects and historical
shareholder returns.”
Following June 30, 2014, First Business is also expected to remain in
the Russell Microcap(R) Index which consists of the smallest 2,000 of
the 4,000 U.S. companies captured in Russell’s U.S. indexes. First
Business’ market capitalization as of May 31, 2014 was $181 million, an
increase of $65 million, or 56%, from May 31, 2013.
Russell indexes are widely used by investment managers and
institutional investors for index funds and as benchmarks for active
investment strategies. These investment tools originated from Russell’s
multi-manager investment business in the early 1980s when the company
saw the need for a more objective, market-driven set of benchmarks in
order to evaluate outside investment managers.
Total returns data for the Russell 2000(R) and other Russell indexes is
available at
http://www.russell.com/indexes/americas/tools-resources/index-performan
ce-calculator.page.
About Russell:
Russell Investments (“Russell”) is a global asset manager and one of
only a few firms that offers actively managed multi-asset portfolios
and services that include advice, investments and implementation.
Russell stands with institutional investors, financial advisors and
individuals working with their advisors–using the firm’s core
capabilities that extend across capital market insights, manager
research, portfolio construction, portfolio implementation and indexes
to help each achieve their desired investment outcomes.
Russell has more than $259 billion in assets under management (as of
March 31, 2014) and works with over 2,500 institutional clients,
independent distribution partners and individual investors globally. As
a consultant to some of the largest pools of capital in the world,
Russell has $2.4 trillion in assets under advisement (as of June 30,
2013). It has four decades of experience researching and selecting
investment managers and meets annually with more than 2,200 managers
around the world. Russell traded more than $1.6 trillion in 2013
through its implementation services business. Russell also calculates
approximately 700,000 benchmarks daily covering 98% of the investable
market globally, including more than 80 countries and more than 10,000
securities. Approximately $5.2 trillion in assets is benchmarked (as of
December 31, 2013) to the Russell indexes, which have provided
investors with 30 years of smarter beta.
About First Business Financial Services, Inc.
First Business Financial Services (Nasdaq:FBIZ) is a $1.3 billion
Wisconsin-based bank holding company that specializes in focused
financial solutions for businesses, key executives, and high net worth
individuals through its operating companies. Its companies include:
First Business Bank – Madison; First Business Bank – Milwaukee; First
Business Bank – Northeast; First Business Trust & Investments; First
Business Equipment Finance, LLC; and First Business Capital Corp. For
additional information, visit www.firstbusiness.com or call (608)
238-8008.
