Fidelity D & D Bancorp, Inc. rejoins Russell 3000® Index
26 Junho 2023 - 12:05PM
Fidelity D & D Bancorp, Inc. (NASDAQ: FDBC), parent company of
The Fidelity Deposit and Discount Bank, is pleased to announce that
effective June 26, 2023, the company has been added to the
broad-market Russell 3000® Index, as part of the 2023 Russell US
Indexes annual reconstitution.
“We are honored and delighted to once again be part of the
Russell indexes, which are internationally recognized markers of
growth. We believe Fidelity Bank’s inclusion in the prestigious
Russell 3000® Index demonstrates our commitment and position to
delivering long-term growth and maximizing shareholder value,” said
Daniel J. Santaniello, President and Chief Executive Officer.
Annual Russell 3000® Index reconstitution captures the 3,000
largest US stocks as of April 28, 2023, ranking them by total
market capitalization.
Membership in the US all-cap Russell 3000® Index, which remains
in place for one year, means automatic inclusion in the large-cap
Russell 1000® Index or small-cap Russell 2000® Index as well as the
appropriate growth and value style indexes. FTSE Russell determines
membership for its Russell indexes primarily by business objective,
market-capitalization rankings, and customer delivery and
differentiation attributes.
Russell indexes are widely used by investment managers and
institutional investors for index funds and as benchmarks for
active investment strategies. Approximately $12.1 trillion in
assets are benchmarked against Russell’s US indexes. Russell
indexes are part of FTSE Russell, a leading global index
provider.
About Fidelity BankFidelity Bank has built a
strong history as a trusted financial advisor and continues its
mission of exceeding client expectations through a unique banking
experience. It operates 20 full-service offices throughout
Lackawanna, Luzerne, Lehigh, and Northampton Counties, along with a
limited production commercial office in Luzerne County and a
Fidelity Bank Wealth Management Office in Schuylkill County.
Fidelity Bank provides a digital banking experience online at
www.bankatfidelity.com, through the Fidelity Mobile Banking app,
and in the Client Care Center at 1-800-388-4380. Additionally, the
Bank offers full-service Wealth Management & Brokerage
Services, a Mortgage Center, and an array of personal and business
banking products and services. Part of the Company’s vision is to
serve as the best bank for the community, which was accomplished by
having provided over 4,100 hours of volunteer time and over $1.6
million in donations to non-profit organizations directly within
the markets served throughout 2022. Fidelity Bank's deposits are
insured by the Federal Deposit Insurance Corporation up to the full
extent permitted by law.
About FTSE Russell:FTSE Russell is a global
index leader that provides innovative benchmarking, analytics, and
data solutions for investors worldwide. FTSE Russell calculates
thousands of indexes that measure and benchmark markets and asset
classes in more than 70 countries, covering 98% of the investable
market globally. FTSE Russell index expertise and products are used
extensively by institutional and retail investors globally.
Approximately $20.1 trillion is currently benchmarked to FTSE
Russell indexes. For over 30 years, leading asset owners, asset
managers, ETF providers and investment banks have chosen FTSE
Russell indexes to benchmark their investment performance and
create ETFs, structured products, and index-based derivatives. FTSE
Russell is wholly owned by the London Stock Exchange Group. For
more information, visit www.ftserussell.com.
Contacts: |
|
|
|
Daniel J. Santaniello |
Salvatore R. DeFrancesco,
Jr. |
President and Chief Executive Officer |
Treasurer and Chief Financial
Officer |
570-504-8035 |
570-504-8000 |
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