This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

MetroCorp Bancshares, Inc. Set To Join Russell 2000 Index





HOUSTON, June 25, 2012 /PRNewswire/ -- MetroCorp Bancshares, Inc. (NASDAQ: MCBI) today announced that it is set to join the Russell 2000 Index.

(Logo:  http://photos.prnewswire.com/prnh/20110119/MM32884LOGO)

Russell Investments (Russell) reconstituted its comprehensive set of U.S. and Global equity index, the annual reconstruction of the Russell 3000 Index includes the 3,000 largest U.S. stocks ranked by market capitalization as of end of May 2012.  The top 1,000 companies ranked comprise the Russell 1000 Index and the next 2,000 companies make up the Russell 2000 Index.

"We are honored to be included in the 2012 Russell 2000 Index, a testimony to the progress we have made over the past few quarters in terms of increasing shareholder value," said George M. Lee, Executive Vice Chairman and CEO.  "This inclusion also reflects market confidence in our commitment to the company's strategic business model.   As the only Texas based NASDAQ listed Chinese ethnic bank we believe our inclusion in the Russell 2000 will further enhance our brand profile and investors' interest on both sides of the Pacific."

MetroCorp Bancshares, Inc. (NASDAQ:MCBI) provides a full range of commercial and consumer banking services through its wholly owned subsidiaries, MetroBank, N.A. and Metro United Bank. The Company has thirteen full-service banking locations in the greater Houston, and Dallas, Texas metropolitan areas, and six full-service banking locations in the greater San Diego, Los Angeles and San Francisco, California metropolitan areas.  As of March 31, 2011, the Company had consolidated assets of $1.5 billion. For more information, visit the Company's web site at www.metrobank-na.com.

CONTACT: MetroCorp Bancshares, Inc., Houston George M. Lee, Executive Vice Chairman, President and CEO713-776-3876

SOURCE MetroCorp Bancshares, Inc.

Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 18,070.40 +46.34 0.26%
S&P 500 2,114.49 +6.20 0.29%
NASDAQ 5,016.9290 +11.5380 0.23%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs