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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), today announces the upcoming quarterly rebalancing across its family of indices. These changes will be effective prior to the opening of business on Monday, September 24, 2012.

Additionally, the following component changes will be made. In the KBW Regional Banking Index (NYSE: KRX): Hudson City Bancorp, Inc. (Nasdaq: HCBK) will be replaced by Washington Federal, Inc. (Nasdaq: WAFD). In the KBW Mortgage Finance Index (NYSE: MFX): Hudson City Bancorp, Inc. (Nasdaq: HCBK) will be replaced by Nationstar Mortgage Holdings Inc. (NYSE: NSM). In the KBW Financial Sector Dividend Yield Index (NYSE: KDX): Fidelity National Financial, Inc. (NYSE: FNF), CVB Financial Corp. (Nasdaq: CVBF), and Bryn Mawr Bank Corporation (Nasdaq: BMTC) will be replaced by Oritani Financial Corp. (Nasdaq: ORIT), Dime Community Bancshares, Inc. (Nasdaq: DCOM), and NYSE Euronext (NYSE: NYX).

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