KBW Announces Changes to KBW Bank Index (BKX) and KBW Mortgage Finance Index (MFX)

  
    
  
  
    
      Keefe, Bruyette & Woods, Inc., a full service investment bank that 
      specializes in the financial services sector, and a wholly-owned 
      subsidiary of KBW, Inc. (NYSE: KBW), today announced upcoming changes to 
      the KBW Bank Index (Index Symbol: BKXSM, ETF 
      Symbol: KBESM) and KBW Mortgage Finance Index 
      (MFX).
    
    
      Effective prior to the opening of business on Thursday, July 3, 2008, 
      KeyCorp (NYSE: KEY), a component of the BKX, will undergo a share 
      increase based on a recently completed common equity offering.
    
    
      In addition, as Bank of America (NYSE: BAC) has completed its 
      acquisition of Countrywide Financial Corp. (NYSE: CFC), a component of 
      the MFX, CFC will be deleted from the index and replaced with Lender 
      Processing Services (NYSE: LPS).
    
    
      The KBW family of indices and exchange traded funds include: KBW Bank 
      Index (Index Symbol: BKXSM, ETF Symbol KBESM); 
      KBW Capital Markets Index (Index Symbol: KSXSM, 
      ETF Symbol KCESM); KBW Insurance Index (Index 
      Symbol: KIXSM, ETF Symbol KIESM); 
      KBW Regional Banking Index (Index Symbol: KRXSM, 
      ETF Symbol: KRESM) and KBW Mortgage Finance 
      Index (Index Symbol: MFXSM).
    
    
      About KBW
    
    
      KBW, Inc. is the parent of Keefe, Bruyette & Woods, Inc., Keefe, 
      Bruyette & Woods Limited and KBW Asset Management. Keefe, Bruyette & 
      Woods, Inc. is a full service investment bank specializing in the 
      financial services industry. Founded in 1962, it is widely recognized as 
      a leading authority in the banking, insurance, brokerage, asset 
      management, mortgage banking and specialty finance sectors. The firm has 
      established industry-leading positions in the areas of research, 
      corporate finance, mergers and acquisitions, as well as sales and 
      trading for financial services companies.