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NEW YORK--([ BUSINESS WIRE ])--Keefe, Bruyette & Woods, Inc., a full-service investment bank that specializes in the financial services sector, and a wholly owned subsidiary of KBW, Inc. (NYSE: KBW), announces the following changes effective prior to the opening of business on Friday, February 3, 2012:

Regional Banking Index (Index Ticker: KRX^SM, ETF Ticker: KBWR^SM; KRS^SM; KRU^SM)

• Reweighting Hudson City Bancorp (NASDAQ: HCBK) and BancorpSouth Inc (NYSE: BXS) in KRX due to change in calculation methodology.
• Increase in shares of Valley National Bancorp (NYSE: VLY), F. N. B. Corporation (NYSE: FNB), and Brookline Bancorp Inc. (NASDAQ: BRKL) due to recent issuance of shares by each respective company.

The KBW indices have ten tradable exchange-traded funds licensed: KBW Bank Index (Index Ticker: BKX^SM, ETF Ticker: KBWB^SM); KBW Capital Markets Index (Index Ticker: KSX^SM, ETF Ticker: KBWC^SM); KBW Insurance Index (Index Ticker: KIX^SM, ETF Ticker: KBWI^SM); KBW Regional Banking Index (Index Ticker: KRX^SM, ETF Ticker: KBWR^SM, KRS^SM, KRU^SM); KBW Financial Sector Dividend Yield Index (Index Ticker: KDX^SM, ETF Ticker: KBWD^SM); KBW Premium Yield Equity REIT Index (Index Ticker: KYX^SM, ETF Ticker: KBWY^SM); KBW Property and Casualty Insurance Index (Index Ticker: KPX^SM, ETF Ticker: KBWP^SM); and KBW Global (Ex. U.S.) Financial Sector Index (Index Ticker: KGX^SM, ETF Ticker: KBWX^SM).

About KBW

KBW, Inc. operates in the U.S., Europe and Asia through its broker dealer subsidiaries, Keefe, Bruyette & Woods, Inc., Keefe, Bruyette & Woods Limited and Keefe, Bruyette & Woods Asia Limited. Celebrating its 50th anniversary, KBW has established itself as a leading independent authority in the banking, insurance, brokerage, asset management, mortgage banking, real estate and specialty finance sectors. Founded in 1962, the firm maintains industry-leading positions in the areas of research, corporate finance, mergers and acquisitions as well as sales and trading in equities and debt securities of financial services companies.