MADISON, Wis., Dec. 19, 2014 (GLOBE NEWSWIRE) -- Anchor BanCorp Wisconsin Inc. (Nasdaq:ABCW) today announced that it was included on the preliminary list of quarterly initial public offering additions to the broad-market Russell Global®, Russell 3000®, Russell 2000® and Russell Microcap® Indexes to be effective at the close of the U.S. market on Friday, December 19, 2014, according to a preliminary list of additions posted December 15, 2014 on www.russell.com/indexes.
"We are pleased to announce our addition to the Russell Global®, Russell 3000®, Russell 2000® and Russell Microcap® Indexes," said Chris Bauer, President & CEO of Anchor BanCorp. "We believe that our inclusion in these highly-respected indexes will further increase our exposure to investors and the financial community, allowing us to further broaden our shareholder base."
Annual reconstitution of Russell's U.S. indexes captures the 4,000 largest U.S. stocks as of the end of May, ranking them by total market capitalization. The Russell Global Index, which captures approximately 98% of investable securities globally, is reconstituted annually and all sub-indexes are recalibrated simultaneously to accurately measure current market realities for each market segment. Membership in the Russell 3000® means automatic inclusion in the small-cap Russell 2000® Index as well as the appropriate growth and value style indexes, as well as the applicable sector and country indexes. Russell determines membership for its equity indexes primarily by objective, market-capitalization rankings and style attributes. In addition to Russell's annual reconstitution that takes place in early June of each year, eligible initial public offerings are added on a quarterly basis. Anchor BanCorp completed its initial public offering on October 27, 2014.
Russell indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for active investment strategies. Approximately $5.2 trillion in assets are benchmarked to the Russell Indexes. Russell calculates more than 700,000 benchmarks daily covering approximately 98 percent of the investable market globally, more than 80 countries and 10,000 securities.
About Anchor BanCorp Wisconsin Inc.
AnchorBank, fsb has 54 offices, all of which are located in Wisconsin.
This press release contains certain forward-looking statements within the meaning of the federal securities laws, including statements regarding our anticipated inclusion in Russell Indexes and the impact this could have on our shareholder base. Forward-looking statements may generally be identified by the use of words such as "anticipate," "believe," "expect," "intends," "plan," and "will" or, in each case, their negative, or other variations or comparable terminology. These forward-looking statements include all matters that are not historical facts. By their nature, forward-looking statements involve risks and uncertainties because they relate to events and depend on circumstances that may or may not occur in the future. As a result, actual events may differ materially from those expressed in or suggested by the forward-looking statements. Any forward-looking statement made by Anchor BanCorp in this press release speaks only as of the date hereof. New risks and uncertainties come up from time to time, and it is impossible for Anchor BanCorp to predict these events or how they may affect it. Anchor BanCorp has no obligation, and does not intend, to update any forward-looking statements after the date hereof, except as required by federal securities laws.
CONTACT: Jennifer Ranville, 608-252-8862
Source:Anchor BanCorp Wisconsin Inc.