Lafayette-based MidSouth Bank has been added to the Russell 3000 index, which measures the performance of America’s biggest companies. The index measures the market capitalization of the 3,000 largest and most liquid companies in the United States, representing about 98% of the total value of all equity traded on stock exchanges. Rusty Cloutier, president and CEO of the regional bank, says the move will mean more exposure for MidSouth because investment firms buy shares of companies in the index in order to keep their portfolios reflective of the Russell 3000.
MidSouth Bank named to Russell 3000 index
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