USCB Financial Holdings, Inc. (the “Company”) (NASDAQ:USCB), the holding company for U.S. Century Bank, announced it is set to join the broad-market Russell 3000® Index at the conclusion of the 2022 Russell indexes annual reconstitution, effective after the U.S. market opens on June 24, 2022, according to a preliminary list of additions posted June 3, 2022.
“Joining the Russell 3000® Index is an important milestone, which will broaden USCB Financial Holding’s overall investor awareness and exposure within the investment community,” said Luis de la Aguilera, President & CEO of U.S. Century Bank. “We are honored to be included in this respected list of U.S. member companies,” added Mr. de la Aguilera.
Russell U.S. Indexes are part of FTSE Russell, a leading global index provider. The Russell indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for active investment strategies. The Russell 3000® Index is known for measuring the performance of the largest 3,000 publicly held U.S. companies based on their total market capitalization. The companies which comprise the Index represent approximately 98% of the investable U.S. market.