Community Bancorp Inc. Joins the New Russell Microcap Index
27 Junho 2005 - 5:51PM
Business Wire
Community Bancorp Inc. (NASDAQ:CMBC) joined the new Russell
Microcap(TM) Index when Russell Investment Group reconstituted its
family of U.S. indexes on June 24, 2005. Russell recently posted a
preliminary membership list at www.russell.com/US/Indexes. The
Russell Microcap Index, which will be comprised of the smallest
1,000 securities in the small-cap Russell 2000(R) Index plus the
next 1,000 companies, is based on a ranking of all U.S. equities by
market capitalization. This new index offers managers and other
investors a comprehensive, unbiased barometer to compare their
performance against the genuine microcap marketplace of stocks. "We
were honored to be included in this prestigious index," stated
Michael J. Perdue, President and Chief Executive Officer. "We are
pleased that the growth and profitability of the Company has
brought us into this index, which should increase our visibility in
the marketplace and investor demand for our stock." Russell indexes
are widely used by investment managers and institutional investors
for index funds and as benchmarks for both passive and active
investment strategies. More than $2.5 trillion in assets currently
are benchmarked to them. Investment managers who oversee these
funds purchase shares of member stocks according to that company's
weighting in the particular index. Companies slated for the Russell
Microcap were ranked as of May 31 by total market capitalization
and weighted based on free-float adjustment, an integral aspect of
Russell index methodology. Free-float adjustment means stocks are
weighted by their available market capitalization which is
calculated by multiplying the primary closing price by the
available shares. Russell, a global leader in multi-manager
investment services, provides investment products and services in
more than 39 countries. Russell manages more than $135 billion in
assets and advises clients worldwide representing $2.3 trillion.
Founded in 1936, Russell is a subsidiary of Northwestern Mutual and
is headquartered in Tacoma, Wash., with additional offices in New
York, Toronto, London, Paris, Singapore, Sydney, Auckland and
Tokyo. Community Bancorp is a bank holding company with $708
million in assets as of March 31, 2005, with a wholly owned banking
subsidiary, Community National Bank, headquartered in Escondido,
California. The bank's primary focus is community banking,
providing commercial banking services including commercial, real
estate and SBA loans to small and medium sized businesses. The bank
serves San Diego County and southwest Riverside County with ten
retail banking offices in Bonsall, El Cajon, Encinitas, Escondido,
Fallbrook, La Mesa, Murrieta, Santee, Temecula and Vista, and has
additional SBA loan production offices that originate loans in
California, Arizona, Nevada and Oregon. FORWARD LOOKING STATEMENTS
Statements concerning future performance, developments or events,
expectations for growth and income forecasts, and any other
guidance on future periods, constitute forward-looking statements
that are subject to a number of risks and uncertainties. Actual
results may differ materially from stated expectations. Specific
factors include, but are not limited to, loan production, balance
sheet management, expanded net interest margin, the ability to
control costs and expenses, interest rate changes and financial
policies of the United States government (including the Small
Business Administration), and general economic conditions.
Additional information on these and other factors that could affect
financial results are included in its Securities and Exchange
Commission filings. The Company disclaims any obligation to update
any such factors or to publicly announce the results of any
revisions to any forward-looking statements contained herein to
reflect future events or developments.
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