NEW YORK, Oct. 17 /PRNewswire/ -- Umpqua Holdings Corp. (Nasdaq: UMPQ)
will be added to the S&P SmallCap 600 Index after the close of trading Monday,
October 20, replacing GBC Bancorp (Nasdaq: GBCB). Cathay Bancorp
(Nasdaq: CATY) acquired GBC Bancorp after the close of trading today.
Standard & Poor's will monitor this transaction, and post any relevant updates
on its website: www.standardandpoors.com.
Umpqua Holdings Corporation is engaged primarily in the business of
commercial and retail banking and the delivery of retail brokerage services.
The Company provides a range of banking, asset management, mortgage banking
and other financial services to corporate, institutional and individual
customers through its wholly owned banking subsidiary, Umpqua Bank The
company, headquartered in Portland, OR, will be added to the S&P SmallCap 600
GICS (Global Industry Classification Standard) Regional Banks sub-industry.
Following is a summary of the changes:
S&P SMALLCAP 600 INDEX - October 20, 2003
COMPANY GICS ECONOMIC SECTOR GICS SUB-INDUSTRY
ADDED Umpqua Financials Regional Banks
DELETED GBC Bancorp Financials Regional Banks
Additions to and deletions from an S&P equity index do not in any way
reflect an opinion on the investment merits of the companies concerned.
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SOURCE Standard & Poor's
/CONTACT: David Blitzer
Managing Director, Quantitative Services of Standard & Poor's
/Web site: http://www.standardandpoors.com /
(MHP UMPQ GBCD CATY)
CO: Standard & Poor's; Umpqua Holdings Corp.; GBC Bancorp
ST: New York
IN: FIN PUB
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9948 10/17/200318:54 EDThttp://www.prnewswire.com