Chemung Financial placed on Russell 3000 Index.
BANKING AND CREDIT NEWS-July 16, 2013-Chemung Financial placed on Russell 3000 Index(C)2013 M2 COMMUNICATIONS http://www.m2.com
16 July 2013 -- Chemung Financial Corp. (NASDAQ: CHMG) said that its common stock had been added to the Russell 3000 Index, as of July 1, 2013.
By definition, "the Russell 3000 Index measures the performance of the largest 3,000 publicly held US companies based on total market capitalization. The companies which comprise the Index represent approximately 98% of the investable US market." According to its website, "the index is constructed to provide a comprehensive, unbiased and stable barometer of the broad market and is completely reconstituted annually to ensure new and growing equities are reflected."
Established in 1833, Chemung Canal Trust Company, headquartered in Elmira, NY, is a full-service community bank with full trust powers. Chemung Canal Trust Company is the oldest locally-owned and managed community bank in New York State.
USD 1 = 0.66174 GBP
((Comments on this story may be sent to firstname.lastname@example.org)).END.PUB430>PDJuly 16, 2013>JNBANKING AND CREDIT NEWS.PRICEDATENOT APPLICABLE.DAY