Eastern Bankshares Inc (EBC)

[LordDarley]

The official announcement about Friday's addition of EBC to the Russell indices:

Eastern Bankshares, Inc. Added To The Russell 2000® and Russell 3000® Indexes
5:25 PM ET, 12/21/2020 - Business Wire

BOSTON--(BUSINESS WIRE)--Dec. 21, 2020-- Eastern Bankshares, Inc. (the “Company”) (Nasdaq Global Select Market: EBC), a Massachusetts corporation and the holding company for Eastern Bank, today announced that the Company has been added to the U.S. small-cap Russell 2000® Index and the U.S. broad-market Russell 3000® Index, as well as the appropriate growth and value style indexes. The Russell index changes were effective upon the opening of the U.S. stock market today, December 21, 2020.

“Following our recent IPO just two months ago, we are very pleased to be added to these Russell indexes,” said Bob Rivers, Chief Executive Officer and Chair of the Board of Eastern Bankshares, Inc. “This inclusion is an important milestone, and we believe it will increase awareness of Eastern Bankshares within the investment community and help to broaden our shareholder base.” (My underlining.)

Russell indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for active investment strategies. According to Russell, approximately $9 trillion in assets are benchmarked against their U.S. indexes. Russell indexes are part of FTSE Russell, a leading global index provider. For more information on the Russell 2000® and 3000® Indexes, please visit the FTSE Russell website.