The following issues will be added to the Index: Instinet Group Incorporated (NASDAQ: INET), Bank Mutual Corporation (NASDAQ: BKMU), Umpqua Holdings Corporation (NASDAQ: UMPQ), Anchor BanCorp Wisconsin, Inc. (NASDAQ: ABCW), BankUnited Financial Corporation (NASDAQ: BKUNA), and The Trust Company of New Jersey (NASDAQ: TCNJ).
Instinet Group Incorporated, through affiliates, is an electronic agency securities broker and has been providing investors with electronic trading solutions for more than 30 years. Instinet's services enable buyers and sellers worldwide to trade securities directly and anonymously with each other, have the opportunity to gain price improvement for their trades, manage their orders and lower their overall trading costs. Instinet is part of the Reuters family of companies. The New York, New York, company's common stock had a market capitalization of $1.1 billion at the time of ranking.
Bank Mutual Corporation is the holding company for Bank Mutual, which operates 69 offices in the state of Wisconsin and one office in Minnesota. The bank offers traditional financial services to individuals and businesses within its market areas. The Milwaukee, Wisconsin, company's common stock had a market capitalization of $639 million at the time of ranking.
Umpqua Holdings Corporation, headquartered in Portland, Oregon, is the parent company of Umpqua Bank, an Oregon state-chartered bank. Umpqua Bank has 64 branches throughout Oregon and Southwest Washington. Umpqua Holdings also owns a retail brokerage subsidiary, Strand, Atkinson, Williams & York, Inc. which has nine locations throughout Oregon and Southwest Washington and offers brokerage services within Umpqua Bank stores. Additionally, Umpqua Holdings Private Client Services Division provides tailored financial services and products to individual private customers. The firm's common stock had a market capitalization of $555 million at the time of ranking.
Anchor BanCorp Wisconsin, Inc, is a registered savings and loan holding company incorporated under the laws of the State of Wisconsin and is engaged in the savings and loan business through its wholly-owned banking subsidiary, AnchorBank, FSB. The Corporation also has a non-banking subsidiary, Investment Directions, Inc., a Wisconsin corporation, which invests in real estate partnerships. IDI has two subsidiaries that invest in real estate held for development and sale. The Madison, Wisconsin, company's common stock had a market capitalization of $555 million at the time of ranking.
BankUnited Financial Corporation is the holding company for BankUnited, FSB. The company offers an array of consumer and commercial banking products and services. BankUnited operates 41 banking offices throughout Miami-Dade, Broward, Palm Beach and Collier Counties in Florida. The Coral Gables, Florida, company's Class A common stock had a market capitalization of $540 million at the time of ranking.
The Trust Company of New Jersey is a full service commercial bank, founded in 1896, that operates over 100 branches and over 160 ATMs throughout New Jersey's 13 Northern and Central Counties as well as two locations in Rockland County, New York. The Jersey City, New Jersey, company's common stock had a market capitalization of $514 million at the time of ranking.
As a result of the re-ranking, 1st Source Corporation (SRCE); Integra Bank Corporation (IBNK); Millea Holdings, Inc.'s American Depositary Receipts (MLEA); PMA Capital Corporation (PMACA); Presidential Life Corporation (PLFE); and Riggs National Corporation (RIGS) will be removed from the Index.
The NASDAQ Financial-100 Index includes 100 of the largest domestic and international financial organizations listed on The NASDAQ Stock Market based on market capitalization. The Index contains bank and savings institutions and related holding companies, insurance companies, broker dealers, investment companies and financial services. For more information about the NASDAQ Financial-100 Index, including eligibility criteria, visit www.NASDAQ.com.
NASDAQ is the world's largest electronic stock market. With approximately 3,500 companies, NASDAQ lists more companies and trades more shares per day, on average, than any other U.S. market. It is home to category-defining companies that are leaders across all areas of business including technology, retail, communications, financial services, media and biotechnology industries. For more information about NASDAQ, visit the NASDAQ Web site at www.NASDAQ.com or the NASDAQ NewsroomSM at www.NASDAQNews.com.
