Press Releases
NEW YORK, March 18, 2019 /PRNewswire/ -- S&P SmallCap 600 constituent First Financial Bankshares Inc. (NASD: FFIN) will replace MB Financial Inc. (NASD: MBFI) in the S&P MidCap 400, and Ferro Corp. (NYSE: FOE) will replace First Financial Bankshares in the S&P SmallCap 600 effective prior to the open of trading on Friday, March 22. S&P 500 constituent Fifth Third Bancorp (NASD: FITB) is acquiring MB Financial in a transaction expected to be completed soon pending final conditions.
First Financial provides commercial banking products and services. Headquartered in Abilene, TX, the company will be added to the S&P MidCap 400 Global Industry Classification Standard (GICS) Regional Banks Sub-Industry index.
Ferro produces specialty chemicals. Headquartered in Mayfield Heights, OH, the company will be added to the S&P SmallCap 600 GICS Specialty Chemicals Sub-Industry index.
Following is a summary of the changes:
S&P MIDCAP 400 INDEX – March 22, 2019 | |||
COMPANY | GICS ECONOMIC SECTOR | GICS SUB-INDUSTRY | |
ADDED | First Financial | Financials | Regional Banks |
DELETED | MB Financial | Financials | Regional Banks |
S&P SMALLCAP 600 INDEX – March 22, 2019 | |||
COMPANY | GICS ECONOMIC SECTOR | GICS SUB-INDUSTRY | |
ADDED | Ferro | Materials | Specialty Chemicals |
DELETED | First Financial | Financials | Regional Banks |
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