John Marshall Bancorp, Inc. (NASDAQ:JMSB) (the “Company”) today announced that it has qualified for the Russell 2000® Index (the “Index”) and will be included in the Index after the close of U.S. equity markets on June 24th, according to a preliminary list of additions posted June 3rd.
The Index measures the performance of the small-capitalization segment of the U.S. equity universe. The Index consists of companies whose market capitalization ranks approximately between 1,001 and 3,000 among eligible U.S. equities on the annual measurement date.
“John Marshall Bancorp, Inc. is pleased to be added to the Russell 2000 Index,” said Christopher Bergstrom, President and Chief Executive Officer of the Company. “We continue to execute our strategic priorities and deliver strong performance. We believe our inclusion in the Russell 2000 Index will increase our visibility among key institutional investors, provide increased trading volume for our shareholders and improve the attractiveness of our stock as a potential acquisition currency.”
Russell indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for active investment strategies. Approximately $10.6 trillion in assets are benchmarked against Russell’s US indexes. Russell indexes are part of FTSE Russell, a leading global index provider. For more information on FTSE Russell, the Russell 2000® Index and the Russell indexes reconstitution, visit www.ftserussell.com.
