Legacy Bancorp added to Russell 200001:59PM / Friday, July 17, 2009
PITTSFIELD, Mass. – Legacy Bancorp (LEGC) announced that it has been added to the Russell 2000® Index. Russell Investments recently reconstituted its comprehensive set of US 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.
In commenting on Legacy Bancorp being added to the list, Chairman and CEO J. Williar Dunlaevy said, “We are pleased with our inclusion in this index, which reflects our continued positive momentum. 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.”
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.
Legacy Banks, headquartered in Pittsfield, Massachusetts, employs 197 people and has nineteen offices throughout Western Massachusetts and Eastern New York. Legacy offers Personal Banking, Mortgage Lending, Commercial Services, Insurance, Investments, Portfolio Management, Credit and Debit Card products, and Online Services. |
