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FVCBankcorp, Inc. Added to Membership of Russell 2000® Index
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Rhea-AI Summary
FVCBankcorp, Inc. announced its inclusion in the Russell 2000® Index, effective June 27. This membership, part of the 2022 Russell indexes reconstitution, is significant as the Russell indexes serve as benchmarks for approximately $12 trillion in assets. The addition will likely enhance market growth opportunities and provide investment accessibility for a diverse clientele. CEO David Pijor highlighted this milestone as recognition of the bank's strength and potential to support local economies.
Positive
Membership in Russell 2000 Index may enhance stock visibility and liquidity.
Access to institutional investment managers and broad market exposure.
Recognition of company's strength and growth potential.
Negative
None.
FAIRFAX, Va.--(BUSINESS WIRE)--
FVCBankcorp, Inc. (the “Company”) was added as a member of the U.S. small-cap Russell 2000® Index (the “Index”), effective after the U.S. market opens on June 27, as part of the 2022 Russell indexes reconstitution. Membership in the Russell 2000® Index, which remains in place for one year, is based on membership in the broad-market Russell 3000® Index. The stock also was automatically added to the appropriate growth and value indexes.
Russell indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for active investment strategies. Approximately $12 trillion in assets are benchmarked against Russell’s U.S. indexes. Russell indexes are part of FTSE Russell, a leading global index provider. Membership in the Russell 2000 Index will allow for continued market growth for the Company as well as provide viable investment options for diverse clientele at each economic level.
“We are thrilled to join the Russel 2000 Index as a member,” David Pijor, Chairman and Chief Executive Officer. “Receiving membership to this important benchmark is a recognition of the Bank’s strength and growth potential, and it facilitates better access and exposure to strategic investment managers. Our addition to the Index marks a milestone in our effort to support local business communities and households.”
For more information on the Russell 2000® Index and the Russell indexes reconstitution, go to the “Russell Reconstitution” section on the FTSE Russell website.
About FVCBankcorp, Inc. FVCBankcorp, Inc. is the holding company for FVCbank, a wholly-owned subsidiary that commenced operations in November 2007. FVCbank is a $2.09 billion asset-sized Virginia-chartered community bank serving the banking needs of commercial businesses, nonprofit organizations, professional service entities, their owners and employees located in the greater Baltimore and Washington D.C., metropolitan areas. FVCbank is based in Fairfax, Virginia, and has 9 full-service offices in Arlington, Fairfax, Manassas, Reston and Springfield, Virginia, Washington D.C., and Baltimore, Bethesda, and Rockville, Maryland.
For more information on the Company’s selected financial information, please visit the Investor Relations page of FVCBankcorp, Inc.’s website, www.fvcbank.com.
