NEW YORK, June 29, 2018 /PRNewswire/ -- Preferred Bank
(NASD: PFBC) will replace Infinity Property & Casualty Corp.
(NASD: IPCC) in the S&P SmallCap 600 effective prior to the
open of trading on Friday, July 6.
S&P MidCap 400 constituent Kemper Corp. (NYSE: KMPR) is
acquiring Infinity Property & Casualty in a transaction
expected to be completed on or about July
2. Post merger, Kemper's sub-industry group will change GICS
(Global Industry Classification Standard) to Property &
Casualty Insurance from Multi-Line Insurance.
Preferred Bank provides various commercial banking products and
services. Headquartered in Los
Angeles, CA, the company will be added to the S&P
SmallCap 600 GICS Regional Banks Sub-Industry index.
Following is a summary of the change:
|
S&P SMALLCAP
600 INDEX – July 6, 2018
|
|
COMPANY
|
GICS ECONOMIC
SECTOR
|
GICS
SUB-INDUSTRY
|
|
ADDED
|
Preferred
Bank
|
Financials
|
Regional
Banks
|
|
DELETED
|
Infinity Property
& Casualty
|
Financials
|
Property &
Casualty Insurance
|
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