Contact Information: Contact: Tonni von Schaumburg 630 Godwin Avenue Midland Park, NJ 07432 201-444-7100
Stewardship Financial Corporation Added to Russell Microcap Index
| Source: Stewardship Financial Corporation
MIDLAND PARK, NJ--(Marketwire - July 3, 2008) - Stewardship Financial Corporation (NASDAQ : SSFN ), parent company of Atlantic Stewardship Bank, today announced it has
been added to the Russell Microcap Index after the Russell Investment Group
reconstituted its comprehensive set of U.S. and global equity indexes on
June 27, 2008.
Russell indexes are widely used by investment managers and institutional
investors for both index funds and as benchmarks for passive and active
investment strategies. Stewardship Financial Corporation will hold its
membership until Russell reconstitutes its indexes in June 2009.
"We are pleased with our inclusion in this index, which reflects our
continued positive momentum," said Paul Van Ostenbridge, President and
Chief Executive Officer of both Stewardship Financial Corporation and
Atlantic Stewardship Bank. "Russell is an industry leader for stock
indexes, and we expect our inclusion will generate greater interest in our
stock among investors."
The annual reconstitution of the Russell Microcap Index captures the 1,000
smallest U.S. stocks in the Russell 2000, plus the next 1,000 stocks as of
the end of May.
ABOUT RUSSELL INVESTMENT GROUP
Russell Investment Group aims to improve financial security for people by
providing strategic advice, world-class implementation, state-of-the-art
performance benchmarks, and a range of institutional-quality investment
products. With more than $200 million in assets under management, Russell
serves individual, institutional and advisor clients in more than 40
countries. Russell provides access to some of the world's best money
managers. It helps investors put this access to work in corporate defined
benefit and defined contribution plans, and in the life savings of
individual investors. Russell's indexes are unmanaged and cannot be
invested in directly. For more information on Russell indexes, go to
www.russell.com.
ABOUT STEWARDSHIP FINANCIAL CORPORATION
Stewardship Financial Corporation's subsidiary, Atlantic Stewardship Bank,
has banking offices in Midland Park, Hawthorne (2 offices), Ridgewood,
Montville, Pequannock, Waldwick, Wayne (3 offices), Westwood, Wyckoff and
North Haledon, New Jersey. Atlantic Stewardship Bank opened in 1985, is a
community bank serving individuals and businesses, and is well known for
tithing 10 percent of its pre-tax profits to Christian and local charitable
organizations. Please visit our website at www.asbnow.com or call
201-444-7100 for information regarding our products and services.