Franklin Financial Network, Inc. (NYSE: FSB), the parent company of Franklin Synergy Bank, will be added to the S&P SmallCap 600 index, effective prior to the opening of trading on Monday, June 18, 2018.
The S&P SmallCap 600 index consists of 600 domestic stocks chosen for market size, liquidity and industry group representation and is a leading benchmark for both active and passive investors who are attracted to the small company segment of the U.S. stock market, because of the index’s low turnover and greater liquidity.
Richard Herrington, the Company’s Chairman and Chief Executive Officer, commented, “We are pleased to announce Franklin Financial Network’s inclusion in the S&P SmallCap 600. As a result we expect our shareholders to benefit from increased market visibility and liquidity going forward. We believe the expansion in shareholder value that contributed to our qualifying for the index reflects the Company’s continued prospects for long-term growth.”