NEW YORK, May 18 /PRNewswire/ -- Standard & Poor's will make the following changes to the S&P SmallCap 600 index:
-- Bank of the Ozarks Inc. will replace Flagstar Bancorp Inc. in the S&P SmallCap 600 after the close of trading on Tuesday, May 26. Flagstar received a capital investment from MattlinPatterson Global Advisors LLC, which, when fully completed, will result in a substantial reduction in the percentage of its public float available to investors, rendering it ineligible for continued inclusion in the index. -- Genoptix Inc. will replace Provident Bankshares Corp. in the S&P SmallCap 600 after the close of trading on a date to be announced. Provident is being acquired by S&P 500 constituent M&T Bank Corp. in a deal pending final approvals.
Standard & Poor's will monitor these transactions, and post any relevant updates on its website: http://www.standardandpoors.com/.
Bank of the Ozarks provides retail and commercial banking products and services. Headquartered in Little Rock, AR, the company will be added to the S&P SmallCap 600 GICS (Global Industry Classification Standard) Regional Banks Sub-Industry index.
Genoptix is a specialized laboratory service provider. Headquartered in Carlsbad, CA, the company will be added to the S&P SmallCap 600 GICS Health Care Services Sub-Industry index.
Following is a summary of the changes: S&P SMALLCAP 600 INDEX - May 26, 2009 COMPANY GICS ECONOMIC SECTOR GICS SUB-INDUSTRY ADDED Bank of the Financials Regional Banks Ozarks DELETED Flagstar Financials Thrifts & Mortgage Bancorp Finance S&P SMALLCAP 600 INDEX - TBA COMPANY GICS ECONOMIC SECTOR GICS SUB-INDUSTRY ADDED Genoptix Health Care Health Care Services DELETED Provident Financials Regional Banks Bankshares About Standard & Poor's Index Services
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