SNB Bancshares, Inc. Joins New Russell Microcap Index
25 Julho 2005 - 11:00AM
PR Newswire (US)
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
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