Snb Bancshares (NASDAQ:SNBT)
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SNB Bancshares, Inc. Joins New Russell Microcap Index
SUGAR LAND, Texas, July 25 /PRNewswire-FirstCall/ -- SNB Bancshares, Inc.
(NASDAQ:SNBT), parent company of Southern National Bank of Texas, today
announced it joined the Russell Microcap(TM) Index.
The newly launched Russell Microcap Index, which debuted on July 1st, is
comprised of the smallest 1,000 securities in the small-cap Russell 2000(TM)
Index along with the next smallest 1,000 companies, based on a ranking of all
U.S. equities by market capitalization.
The index offers portfolio managers and other investors a comprehensive,
unbiased barometer to compare their performance against the genuine microcap
marketplace of stocks. Russell recently posted the complete index membership
list at http://www.russell.com/US/Indexes .
"We are pleased to be included in the Russell Microcap Index," said Harvey
Zinn, President and CEO. "We expect that our inclusion will help generate
further interest in our stock at an institutional level."
Russell indices are widely used by investment managers and institutional
investors for index funds and as benchmark for both passive and active
investment strategies. Companies on the list represent more than $2.5 trillion
in assets. Investments managers who oversee these funds purchase shares of
member stocks according to that company's weighting in the particular index.
SNB Bancshares, Inc. ("the Company") is a registered bank holding company
listed on the Nasdaq National Market under the symbol "SNBT" and headquartered
approximately 15 miles southwest of downtown Houston in Sugar Land, Texas. Its
wholly-owned subsidiary, Southern National Bank of Texas, specializes in
business and industrial, construction and land development and commercial
mortgage loans to small to medium-sized owner-operated businesses through its
four full-service branch locations.
Except for historical information contained herein, this press release may
constitute forward-looking statements for the purposes of the Securities Act of
1933, as amended, and the Securities Exchange Act of 1934, as amended, and as
such, may involve known and unknown risks, uncertainties and other factors
which may cause the actual results, performance or achievements of the Company
to be materially different from the results, performance or achievements
expressed or implied by such forward-looking statements. The Company intends
such forward-looking statements to be covered by the safe harbor provisions for
forward-looking statements contained in the Private Securities Litigation Act of
1995, and is including this statement for purposes of said safe harbor
provisions.
The Company's actual results may differ materially from the results anticipated
in these forward-looking statements due to a variety of factors, including,
without limitation, the following: (a) the effects of future economic and
business conditions on the Company and our customers; (b) changes in
governmental legislation and regulations; (c) the risks of changes in interest
rates; (d) competition from other banks and financial institutions for customer
deposits and loans; (e) the failure of assumptions underlying the establishment
of reserves for loan losses; (f) changes in the levels of loan prepayments and
the resulting effects on the value of the Company's loan portfolio; (g) the
failure of assumptions underlying the establishment of and provisions made to
the allowance for loan losses; (h) the effect of changes in accounting policies
and practices which may be adopted by regulatory agencies and/or the Financial
Accounting Standards Board; (i) technological changes; (j) acquisition and
integration of acquired businesses; (k) the loss of senior management or
operating personnel and the potential inability to hire qualified personnel at
reasonable compensation levels; (l) acts of terrorism; and (m) other risks and
uncertainties listed from time to time in the Company's reports and other
documents filed with the Securities and Exchange Commission.
Contact:
Whitney Rowe, Investor Relations & Corporate Secretary
(281) 269-7220
R. Darrell Brewer, CFO
(281) 269-7271
(281) 269-7106 (Fax)
http://www.snbtx.com/
DATASOURCE: SNB Bancshares, Inc.
CONTACT: Whitney Rowe, Investor Relations & Corporate Secretary,
+1-281-269-7220, or , or R. Darrell Brewer, CFO,
+1-281-269-7271, or fax, +1-281-269-7106, both of SNB Bancshares, Inc.
Web site: http://www.snbtx.com/
http://www.russell.com/US/Indexes