Keefe, Bruyette & Woods, Inc., a full-service, boutique investment bank and broker-dealer that specializes in the financial services sector, and a wholly owned subsidiary of Stifel Financial Corp. (NYSE:SF), announces the upcoming index rebalancing for second quarter of 2015. As part of this rebalancing, below are the component level changes across various indices:

KBW Bank Index (Index Ticker: BKX, ETF Ticker: KBWB): Add: Citizens Financial Group, Inc. (NYSE: CFG) Delete: Commerce Bancshares, Inc. (NASDAQ: CBSH)

KBW Regional Banking Index (Index Ticker: KRX; ETF Ticker: KBWR) Add: Commerce Bancshares, Inc. (NASDAQ: CBSH) Delete: City National Corp. (NYSE: CYN)

These changes will be effective prior to the opening of business on Monday, June 22, 2015.

The KBW indices have tradable exchange-traded funds licensed: KBW Bank Index (Index Ticker: BKX SM, ETF Ticker: KBWB SM); KBW Capital Markets Index (Index Ticker: KSX SM, ETF Ticker: KBWC SM); KBW Insurance Index (Index Ticker: KIX SM, ETF Ticker: KBWI SM); KBW Regional Banking Index (Index Ticker: KRX SM, ETF Tickers: KBWR SM, KRS SM, KRU SM); KBW Financial Sector Dividend Yield Index (Index Ticker: KDX SM, ETF Ticker: KBWD SM); KBW Premium Yield Equity REIT Index (Index Ticker: KYX SM, ETF Ticker: KBWY SM); KBW Property and Casualty Insurance Index (Index Ticker: KPX SM, ETF Ticker: KBWP SM); KBW Mortgage Finance Index (Index Ticker: MFX SM); and KBW Global (Ex US) Financial Sector Index (Index Ticker: KGX SM).

About KBW

KBW (Keefe, Bruyette & Woods, Inc. operating in the U.S. and Stifel Nicolaus Europe Limited, also trading as Keefe, Bruyette & Woods Europe, operating in Europe) is a Stifel company. Over the years, KBW has established itself as a leading independent authority in the banking, insurance, brokerage, asset management, mortgage banking and specialty finance sectors. Founded in 1962, the firm maintains industry-leading positions in the areas of research, corporate finance, mergers and acquisitions as well as sales and trading in equities securities of financial services companies.

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