MidSouth Bancrop has been named to the Russell 3000 Index. The Lafayette-based bank is entering the prestigious R3KI for the first time, based on the index’s final reconstitution on June 26. Launched in 1984, the index measures the market capitalization of 3,000 of the largest and most liquid companies in the country.
“It does not surprise me that MidSouth Bank’s strength in the marketplace would be recognized by this respected and unbiased source, but this is more than welcome news for our bank,” MidSouth Bank President and CEO Rusty Cloutier said to The Wall Street Journal’s Market Watch. “Across all levels of the bank, we were quite excited to get this news.”