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Legacy Bancorp Added to Russell 2000 Index

Jul 20, 2009 | Reprints | Unlock Link | Print

Pittsfield-based Legacy Bancorp, parent company of Legacy Banks, has been added to the Russell 2000 Index.

"We are pleased with our inclusion in this index, which reflects our continued positive momentum," said Chairman and CEO J. Williar Dunlaevy. "Russell is an industry leader for stock indexes, and we expect this will generate even greater interest in our stock at an institutional investor level."

Investment company Russell Investments said it recently reconstituted its set of U.S. and global equity indexes, which are widely used by investment managers and institutional investors for both index funds and as benchmarks for passive and active investment strategies. Russell reconstitutes its indexes each year.

The annual reconstitution of the Russell 2000 captures the 2,000 largest U.S. stocks as of the end of May, ranking them by total market capitalization. Russell Investments is a global investment company with $136 billion in assets under management as of March 31, 2009.

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