Access National Corporation (NASDAQ: ANCX), parent company for Access National Bank, announced today it has been added to the Russell 3000 Index and Russell 2000 Index when Russell Investments reconstituted its comprehensive set of U.S. and global equity indexes on June 22, 2012.
“We are pleased to be added to the Russell 2000. This creates increased liquidity for our shareholders and represents an important milestone in building shareholder value,” said Michael Clarke, CEO. “We expect our inclusion will raise our profile and generate greater interest in our company from institutional investors.”
Russell indexes are widely used by investment managers and institutional investors for both index funds and as benchmarks for passive and active investment strategies. In the institutional marketplace, an industry-leading $3.9 trillion in assets are benchmarked to them.
The annual reconstitution of the Russell 3000 captures the 3,000 largest U.S. stocks as of the end of May, ranking them by total market capitalization. The largest 1,000 companies in this ranking comprise the Russell 1000 and the next 2,000 companies make up the Russell 2000. The Russell 3000 also serves as the U.S. component to the Russell Global Index.Access National Corporation is the parent company of Access National Bank, an independent bank serving the business community of the DC Metropolitan area. Additional information is available at IR.AccessNationalBank.com. Shares are traded on the NASDAQ Global Market under the symbol "ANCX". This press release contains “forward-looking statements” within the meaning of the federal securities laws. These statements may be identified as “may”, “could”, “expect”, “believe”, anticipate”, “intend”, “plan” or variations thereof. These forward-looking statements may contain information related to those matters such as the Company’s intent, belief, or expectation with respect to matters such as financial performance. Such statements are necessarily based on assumptions and estimates and are inherently subject to a variety of risks and uncertainties concerning the Company’s operations and business environment, which are difficult to predict and beyond control of the company. Such risks and uncertainties could cause the actual results of the Company to differ materially from those matters expressed or implied in such forward-looking statements. For an explanation of certain risks and uncertainties associated with forward-looking statements, please refer to the Company’s Annual Report on Form 10-K and other SEC filings.