Middleburg Financial Corp. added to Russell 3000 index

Middleburg Financial Corp., which operates Middleburg Bank in Williamsburg, recently announced that it was added to the Russell 3000 Index.

The Russell 3000 Index measures the performance of the largest 3,000 U.S. companies representing approximately 98 percent of the investable equity market.

“We are proud to be included in the Russell 3000 Index,” Gary Shook, president and CEO of Middleburg Financial Corp., said in the press release.

The Russell 3000 Index is rebalanced each year based on a company’s market capitalization as of May 31. This year, it added 197 companies, including 39 that went public in the last year, according to the press release.

The index seeks to provide a comprehensive and stable barometer of the market each year.

Middleburg Financial Corp. has its headquarters in Middleburg.

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