FTD and Provident New York to Join S&P SmallCap 600
PR Newswire

NEW YORK, Oct. 24, 2013 /PRNewswire/ -- S&P Dow Jones Indices will make the following changes to the S&P SmallCap 600 after the close of trading on Thursday, October 31:

  • FTD Companies Inc. (NASD: FTDDV) will replace United Online Inc. (NASD: UNTD). United Online is spinning off FTD in a deal expected to be completed on or about October 31 pending final conditions. Post spin-off, United Online's market capitalization is expected to be well below $200 million, whereas the minimum market capitalization necessary for inclusion in the S&P SmallCap 600 is currently $350 million.
  • Provident New York Bancorp (NYSE: PBNY) will replace Sterling Bancorp (NYSE: STL). Provident New York is acquiring Sterling in a deal expected to be completed on or about October 31 pending final approvals. Provident New York will change its name to Sterling Bancorp following completion of the merger.

FTD is a floral and gift products and services company. Headquartered in Downers Grove, IL, the company will be added to the S&P SmallCap 600 GICS (Global Industry Classification Standard) Internet Retail Sub-Industry index.

Provident New York provides commercial, business, and consumer banking products and services. Headquartered in Montebello, NY, the company will be added to the S&P SmallCap 600 GICS Regional Banks Sub-Industry index.

Following is a summary of the changes:

S&P SMALLCAP 600 INDEX – October 31, 2013






FTD Companies

Consumer Discretionary

Internet Retail


Provident New York


Regional Banks


United Online

Information Technology

Internet Software & Services




Regional Banks


Additions to and deletions from S&P  Dow Jones Indices do not in any way reflect an opinion on the investment merits of the companies involved.

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For more information:

Dave Guarino
S&P Dow Jones Indices
(212) 438-1471

David Blitzer
Managing Director and Chairman of the Index Committee
S&P Dow Jones Indices
david.blitzer@ spdji.com
(212) 438-3907

SOURCE S&P Dow Jones Indices