NEW YORK, May 9, 2016 /PRNewswire/ -- S&P Dow Jones Indices will make the following changes to the S&P SmallCap 600:

• Customers Bancorp Inc. (NYSE: CUBI) will replace Checkpoint Systems Inc. (NYSE: CKP) in the S&P SmallCap 600 after the close of trading on Friday, May 13. CCL Industries Inc. is acquiring Checkpoint Systems in a deal expected to be completed on or about that date pending final approvals.
• Ingevity Corp. (NYSE: NGVT) will replace Rex Energy Corp. (NASD: REXX) in the S&P SmallCap 600 after the close of trading on Monday, May 16. S&P 500 constituent WestRock Co. (NYSE: WRK) is spinning off Ingevity in a transaction expected to be completed on Friday, May 13. Post spin-off, West Rock will remain in the S&P 500. Rex Energy is ranked near the bottom of the S&P SmallCap 600 and is no longer appropriate for that index.

Customers Bancorp provides financial products and services. Headquartered in Wyomissing, PA, the company will be added to the S&P SmallCap 600 GICS (Global Industry Classification Standard) Regional Banks Sub-Industry index.

Ingevity manufactures and sells specialty chemicals and carbon materials. Headquartered in North Charleston, SC, the company will be added to the S&P SmallCap 600 GICS Specialty Chemicals Sub-Industry index.

Following is a summary of the change:

For more information about S&P Dow Jones Indices, please visit www.spdji.com

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FOR MORE INFORMATION:

David Blitzer
Managing Director and Chairman of the Index Committee
New York, USA
(+1) 212 438 3907
david.blitzer@spdji.com

Soogyung Jordan
Global Head of Communications 
New York, USA
(+1) 212 438 2297
soogyung.jordan@spdji.com

SOURCE S&P Dow Jones Indices