SNBT Snb Bancshares (Texas) (MM)

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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