Acquisition | SEVERN BANCORP INC | 1st November 2021
Due to the acquisition of SEVERN BANCORP INC by SHORE BANCSHARES INC, the following treatment will be applied to the following indices:
- SEVERN BANCORP INC will be removed from the Index.
- The shares of SHORE BANCSHARES INC (SHBI.OQ) will be increased according to the stock terms of the transaction.
- The cash portion of the transaction will be distributed pro rata to remaining Index constituents.
- Effective Date (open): 01/11/2021
Solactive US Extended Broad Market Index (GTR)