NEW YORK, Oct. 7, 2019 /PRNewswire/ — Allegiance Bancshares Inc. (NASD:ABTX) will replace Monotype Imaging Holdings Inc. (NASD: TYPE) in the S&P SmallCap 600 effective prior to the open of trading on Friday, October 11. HGGC LLC is acquiring Monotype Imaging Holdings in a deal expected to be completed on or about that date pending final conditions.
Allegiance Bancshares provides a range of commercial banking services. Headquartered in Houston, TX, the company will be added to the S&P SmallCap 600 GICS (Global Industry Classification Standard) Regional Banks Sub-Industry index.
Following is a summary of the change:
| S&P SMALLCAP 600 INDEX – October 11, 2019 | |||
| COMPANY | GICS ECONOMIC | GICS SUB-INDUSTRY | |
| ADDED | Allegiance | Financials | Regional Banks |
| DELETED | Monotype Imaging | Information Technology | Application Software |
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