Princeton National Bancorp, Inc. Joins New Russell Microcap(TM) Index.PRINCETON, Ill. -- Princeton National Bancorp, Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :PNBC PNBC Progressive National Baptist Convention, Inc ) joined the new Russell Microcap(TM) Index when Russell Investment Group Russell Investment Group is an investment firm with global reach, providing investment products and services to individuals and institutions in 44 countries. A pioneer in multi-manager investing, and the creator of Russell Indexes, Russell manages more than US$200 billion in assets reconstituted its family of U.S. indexes on June 24, 2005. Russell recently posted a membership list for the Russell Microcap at www.russell.com/US/Indexes. President Sorcic commented, "We are very pleased to be included in the Russell Microcap(TM) Index. We believe the Russell Microcap(TM) Index will assist all investors in their decision-making and portfolio planning. The Russell Investment Group's family of U.S. indexes is one of the most well-known performance benchmarks among U.S. institutional investment professionals and private investors. This new index offers managers and other investors a comprehensive, unbiased barometer to compare their performance against the genuine microcap marketplace of stocks." According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Russell, companies included in the new Russell Microcap(TM) Index were ranked by total market capitalization Total Market Capitalization The total market value of all of a firm's outstanding securities. as of May 31, 2005 and are weighted based on free-float adjustment, an integral aspect of Russell index methodology that is of particular importance in the small-cap and microcap segments. Free-float adjustment means stocks are weighted by their available market capitalization Market Capitalization A measure of a public company's size. Market capitalization is the total dollar value of all outstanding shares. It's calculated by multiplying the number of shares times the current market price. This term is often referred to as market cap. , which is calculated by multiplying the primary closing price by the available shares. Russell uses a transparent, objective process in the development of its indexes and all Russell indexes Russell Indexes US equity index widely used by pension and mutual fund investors that are weighted by market capitalization and published by the Frank Russell Company of Tacoma, Washington. have been free-float adjusted since inception. Russell indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for both passive and active investment strategies. More than $2.5 trillion in assets are currently benchmarked to Russell indexes. Investment managers who oversee these funds purchase shares of member stocks according to that company's weighting in the particular index. Russell, a global leader in multi-manager investment Multi-manager investment is an investment product that consists of multiple specialized funds. Each specialized fund may invest across different sectors and markets, or having managers investing in the same asset class but have different investment styles. services, provides investment products and services in more than 39 countries. Russell manages more than $135 billion in assets and advises clients worldwide, representing $2.3 trillion. Founded in 1936, Russell is a subsidiary of Northwestern Mutual and is headquartered in Tacoma, Washington with additional offices in New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , Toronto, London, Paris, Singapore, Sydney, Auckland and Tokyo. Princeton National Bancorp, Inc. is a $705 million community bank with locations throughout northern Illinois, five of which are in high-growth markets and two additional locations (Aurora and Elburn) which will also be built in high-growth markets. These communities include: Huntley, Hampshire, Minooka, Sandwich, Genoa, Peru, Princeton, Henry, Oglesby, Spring Valley and DePue. Upon completion of the Somonauk FSB (FrontSide Bus) See system bus. FSB - front side bus Bancorp, Inc. acquisition, the Company will also have locations in Somonauk, Newark, Plano, Millbrook and a second location in Sandwich. The Subsidiary Bank, Citizens First National Bank, provides financial services to meet the needs of individuals, businesses and public entities. This press release may contain certain forward-looking statements, including certain plans, expectations, goals, and projections, which are subject to numerous assumptions, risks, and uncertainties. These forward-looking statements are identified by the use of words such as 1) believes, 2) anticipates, 3) estimates, 4) expects, 5) projects or similar words. Actual results could differ materially from those contained or implied by such statements for a variety of factors including: changes in economic conditions; movements in interest rates; competitive pressures on product pricing and services; success and timing of business strategies; the nature, extent, and timing of governmental actions and reforms; and extended disruption of vital infrastructure. The figures included in this press release are un-audited and may vary from the audited results. |
|
||||||||||||||||

Printer friendly
Cite/link
Email
Feedback
Reader Opinion