Farmers National Bank to join Russell Microcap Index

Staff report

canfield

Farmers National Bank will join the Russell Microcap Index when it constitutes June 25.

The index tracks the performance of smaller stocks and provides growth and value information about the companies on the list.

The list includes the smallest 1,000 securities on the index plus the next-smallest eligible securities by market cap.

“This announcement is great news on two fronts,” said John S. Gulas, Farmers president and CEO. “First, positive recognition such as this will surely be a value to our current shareholders. Second, investors from all over the country will now be introduced to the Farmers story through Russell and see the benefits in joining our shareholder ranks. Either way, it’s gratifying to see our company’s growth plans achieve success.”

Russell indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for both passive- and active-investment strategies, according to a Farmers release.

In the institutional marketplace, an industry-leading $3.9 trillion in assets currently are benchmarked to Russell, which calculates more than 80,000 benchmarks daily covering about 98 percent of the investable market globally — 83 countries and more than 10,000 securities.

Russell determines membership for its equity indexes primarily by objective, market-capitalization rankings and style attributes.