Valley National Bancorp was added to several prominent Russell indices, including the Russell 2000 Growth Index, Russell 2500 Growth Index, Russell 3000 Growth Index, and Russell 3000E Growth Index. The company was also added to the Russell Small Cap Comp Growth Index and the Russell 2000 Growth-Defensive Index.
Simultaneously, Valley National Bancorp was dropped from the Russell 2000 Dynamic Index. These changes reflect a reclassification of the company's profile within the Russell family of indices.
Inclusion in these growth-oriented indices can increase the company's visibility among investors and potentially lead to increased demand for its shares from passive funds that track these benchmarks.
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