First Republic Bank Set to Join S&P 500

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First Republic Bank (NYSE: FRC) will replace SCANA Corporation (NYSE: SCG) in the S&P 500 effective prior to the open of trading on Wednesday, January 2, 2019. S&P 500 constituent Dominion Energy (NYSE: D) is acquiring SCANA Corporation in a deal expected to be completed soon pending final conditions.

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.

Following is a summary of the change:





S&P 500 INDEX – JANUARY 2, 2019

 

COMPANY

GICS ECONOMIC SECTOR

GICS SUB-INDUSTRY

ADDED

First Republic

Financials

Regional Banks

DELETED

      SCANA

Utilities

Multi-Utilities

For more information about S&P Dow Jones Indices, please visit www.spdji.com

Read the full release here.

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