ESSA Bancorp, Inc. Added to Russell 3000 Index
July 03 2008 - 3:26PM
Business Wire
ESSA Bancorp, Inc. [NASDAQ Global MarketSM: ESSA] today announced
it has been added to the Russell 3000� Index after the Russell
Investment Group reconstituted its comprehensive set of U.S. and
global equity indexes on June 27, 2008. Russell indexes are widely
used by investment managers and institutional investors for both
index funds and as benchmarks for passive and active investment
strategies. The Company will hold its membership until Russell
reconstitutes its indexes in June 2009. �We are pleased with our
inclusion in this index, which reflects our continued positive
momentum,� said ESSA Bancorp President & CEO Gary S. Olson.
�Russell is an industry leader for stock indexes, and we expect our
inclusion will generate greater interest in our stock among
institutional investors.� The annual reconstitution of the Russell
3000 captures the 3,000 largest U.S. stocks as of the end of May,
ranking them by total market capitalization. The largest 1,000
companies in this ranking comprise the Russell 1000 and the next
2,000 companies become the Russell 2000. ABOUT RUSSELL INVESTMENT
GROUP Russell Investment Group aims to improve financial security
for people by providing strategic advice, world-class
implementation, state-of-the-art performance benchmarks, and a
range of institutional-quality investment products. With more than
$200 billion in assets under management, Russell serves individual,
institutional and advisor clients in more than 40 countries.
Russell provides access to some of the world's best money managers.
It helps investors put this access to work in corporate defined
benefit and defined contribution plans, and in the life savings of
individual investors. Russell�s indexes are unmanaged and cannot be
invested in directly. For more information on Russell indexes, go
to www.russell.com. ESSA Bank & Trust, a wholly-owned
subsidiary of ESSA Bancorp, Inc., has total assets of over $915
million and is the leading service-oriented financial institution
in the greater Pocono, Pennsylvania region. The Bank maintains its
corporate headquarters in downtown Stroudsburg, Pennsylvania and 13
community offices throughout the Pocono, Pennsylvania area. In
addition to being one of the region�s largest mortgage lenders,
ESSA offers a full range of retail and commercial financial
services. ESSA Bancorp stock trades on The NASDAQ Global MarketSM
under the symbol �ESSA.� Forward-looking Statements Certain
statements contained herein are �forward-looking statements� within
the meaning of Section 27A of the Securities Act of 1933 and
Section 21E of the Securities Exchange Act of 1934. Such
forward-looking statements may be identified by reference to a
future period or periods, or by the use of forward-looking
terminology, such as �may,� �will,� �believe,� �expect,�
�estimate,� �anticipate,� �continue,� or similar terms or
variations on those terms, or the negative of those terms.
Forward-looking statements are subject to numerous risks and
uncertainties, including, but not limited to, those related to the
economic environment, particularly in the market areas in which the
Company operates, competitive products and pricing, fiscal and
monetary policies of the U.S. Government, changes in government
regulations affecting financial institutions, including regulatory
fees and capital requirements, changes in prevailing interest
rates, acquisitions and the integration of acquired businesses,
credit risk management, asset-liability management, the financial
and securities markets and the availability of and costs associated
with sources of liquidity. The Company wishes to caution readers
not to place undue reliance on any such forward-looking statements,
which speak only as of the date made. The Company wishes to advise
readers that the factors listed above could affect the Company's
financial performance and could cause the Company's actual results
for future periods to differ materially from any opinions or
statements expressed with respect to future periods in any current
statements. The Company does not undertake and specifically
declines any obligation to publicly release the result of any
revisions, which may be made to any forward-looking statements to
reflect events or circumstances after the date of such statements
or to reflect the occurrence of anticipated or unanticipated
events.
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