Sierra Bancorp Added to Russell 2000(R) Index.PORTERVILLE, Calif. -- Sierra Bancorp (Nasdaq:BSRR BSRR Birmingham Southern Railroad (Alabama) ), the holding company for top performing community bank, Bank of the Sierra; today announced its addition to the Russell 2000 Index Russell 2000 Index An index measuring the performance of the 2,000 smallest companies in the Russell 3000 Index, which is made up of 3,000 of the biggest U.S. stocks. The Russell 2000 serves as a benchmark for small-cap stocks in the United States. , a leading benchmark of small-cap stocks. 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. are used by institutional investors and investment managers for index funds and as benchmarks for investment strategies. "We are pleased that Sierra Bancorp has been added to the Russell 2000 Index," noted James C. Holly, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. . Holly added, "Our addition to the Russell indexes is a reflection of the Company's strong growth and outstanding financial performance." About the Russell 2000 Index The Russell 2000 Index measures the performance of the 2,000 smallest companies in the Russell 3000 Index The Russell 3000 Index is a stock market index of US stocks. The ticker is "RUA" or similar. See Russell Indexes page for main discussion. See also the iShares Russell 3000. , which represents approximately 8% of the total market capitalization Total Market Capitalization The total market value of all of a firm's outstanding securities. of the Russell 3000 Index. As of the latest reconstitution, the average market capitalization was approximately $664.9 million. The largest company in the index had an approximate market capitalization of $1.8 billion. About Bank of the Sierra With $1 billion in assets and strong performance ratios, Bank of the Sierra operates as the largest independent community bank headquartered in California's Heartland. The bank serves 13 different communities with 18 branches and two Ag Centers. For more information visit the web site at www.bankofthesierra.com or call (888) 454-BANK. About Sierra Bancorp Sierra Bancorp is the holding company for Bank of the Sierra, currently in its 28th year of operations. In its July 2005 edition, US Banker magazine ranked BSRR as the nation's 8th best performing publicly-traded community bank in the nation, based on three-year average return on equity. |
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