KBW Announces Changes to KBW Regional Banking Index (KRX)

  
    
  
  
    
      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 Regional Banking Index (Index Symbol: KRXSM, 
      ETF Symbol: KRESM).
    
    
      Effective prior to the opening of business on Monday, November 10, 2008, 
      First Commonwealth Financial Corp. (NYSE: FCF) will undergo a share 
      increase in the KRX index due to successful completion of their 
      secondary stock offering of 11.5 million shares at $10 per share on 
      Wednesday, November 5, 2008. This offering included 1.5 million shares 
      from underwriters exercising an overallotment option.
    
    
      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.