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First National Bankshares of Florida Joins Russell 3000
NAPLES, Fla. -- First National Bankshares of Florida Inc. has been included in the Russell 3000 Index effective June 25, officials announced today. The Russell 3000 Index is a benchmark that contains the 3,000 largest companies incorporated in the United States ranked by total market capitalization."Our inclusion in this well-recognized investment index represents another milestone for us and reflects our company's growth and will further boost our visibility in the investment community," comments Gary L. Tice, chairman and chief executive officer of First National Bancshares, which was spun off as a separate entity in January by F.N.B. Corp. of Hermitage, Pa.Russell indexes are used by investment managers and institutional investors for index funds and as benchmarks for passive and active investment strategies. More than $360 billion is invested in passive funds based on Russell's indexes and an additional $1.4 trillion is benchmarked to them. Investment managers who oversee these funds buy shares of member stocks according to that company's weighting in the particular index.Membership in the Russell 3000 means automatic inclusion in the large-cap Russell 1000 Index or the small-cap Russell 2000 Index as well as the appropriate growth and style indexes, Tice says.Headquartered in Tacoma, Wash., Russell provides investment products and services in more than 35 countries. Founded in 1936, Russell is a subsidiary of Northwestern Mutual.First National Bankshares of Florida Inc. is a $4 billion diversified financial services company. In addition to traditional banking, the company provides a complete line of insurance and wealth management services with 59 full-service financial centers located throughout southwest and central Florida. Visit Russell: www.russell.comVisit First National Bankshares Of Florida Inc.: www.firstnationalbankshares.com "