SOURCE: Stewardship Financial Corporation

Stewardship Financial Corporation

July 07, 2015 11:29 ET

Stewardship Financial Corporation (SSFN) Added to Russell Microcap Index

MIDLAND PARK, NJ--(Marketwired - July 07, 2015) - Stewardship Financial Corporation (NASDAQ: SSFN), parent of Atlantic Stewardship Bank, today announced it has been added to the Russell Microcap Index after the Russell indexes annual reconstitution on June 26, 2015.

Membership in the Russell Microcap Index means automatic inclusion in the appropriate growth and value style indexes. FTSE Russell determines membership for its Russell indexes primarily by objective, market-capitalization rankings and style attributes.

Paul Van Ostenbridge, Stewardship Financial Corporation's President and Chief Executive Officer, indicated that, "The Corporation's improved performance and trading price enables our stock to be added to the index."

Russell indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for active investment strategies. Approximately $5.7 trillion in assets are benchmarked to the Russell's U.S. indexes. Russell Indexes are part of FTSE Russell, a leading global index provider.

About Stewardship Financial Corporation
Stewardship Financial Corporation is the parent corporation of the Atlantic Stewardship Bank, which will be celebrating 30 years of service this September. The Bank operates twelve offices in Bergen, Morris and Passaic County in northern New Jersey. It is well known for its Tithing Program -- sharing 10% of its pre-tax profits annually with Christian and local non-profit organizations. For more information on Stewardship Financial Corporation and Atlantic Stewardship Bank, visit www.asbnow.com.

About FTSE Russell:
FTSE Russell is a global index leader that provides innovative benchmarking, analytics and data solutions for investors worldwide. FTSE Russell index expertise and products are used extensively by institutional and retail investors globally. Leading asset owners, asset managers, ETF providers and investment banks use FTSE Russell indexes to benchmark their investment performance and create ETFs, structured products and index-based derivatives.

A core set of universal principles guides FTSE Russell index design and management: a transparent rules-based methodology is informed by independent committees of leading market participants. FTSE Russell is focused on applying the highest industry standards in index design and governance. FTSE Russell is also focused on index innovation and client collaboration as it seeks to enhance the breadth, depth and reach of its offering. FTSE Russell is wholly owned by London Stock Exchange Group. For more information, visit www.ftserussell.com.

Contact Information

  • Contact:
    Claire M. Chadwick
    EVP and Chief Financial Officer
    630 Godwin Avenue
    Midland Park, NJ 07432
    201- 444-7100