First Republic Bank joins S&P 500, replaces Scana Corporation


First Republic Bank joins S&P 500 index, replaces Scana Corporation

First Republic Bank (NYSE:FRC) is going to replace SCANA Corporation (NYSE:SCG) in the S&P 500 index, as announced on Spindices.com website earlier.

S&P 500 constituent Dominion Energy (NYSE:D) is acquiring SCANA Corporation in a deal expected to be completed soon pending final conditions. The replacement is expected to happen prior to the open of trading on Wednesday, January 2, 2019

First Republic offers private banking, private business banking and private wealth management, including investment, trust and brokerage services. Headquartered in San Francisco, CA, the company will be added to the S&P 500 Global Industry Classification Standard (GICS) Regional Banks Sub-Industry index.s&p500
S&P Dow Jones Indices is home to financial market indicators, such as the S&P 500® and the Dow Jones Industrial Average®.

S&P Dow Jones Indices is a division of S&P Global (NYSE: SPGI), which provides essential intelligence for individuals, companies, and governments to make decisions with confidence.

Related News

arrow

First Republic Bank joins S&P 500, replaces Scana Corporation

1

Send this to a friend