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 upcoming changes to the KBW Capital Markets Index (KSXSM) and KBW Regional Banking Index (KRXSM).

Effective prior to the opening of business on Monday, May 2, 2011, Jefferies Group, Inc. (NYSE: JEF), a member of the KSX, and Community Bank System, Inc. (NYSE: CBU) and Hancock Holding Company (NASDAQ: HBHC), both members of the KRX, will have share increases within their respective indices.

The KBW indices have eleven tradable exchange-traded funds licensed which include: KBW Bank Index (Index Symbol: BKXSM, ETF Symbol: KBESM); KBW Capital Markets Index (Index Symbol: KSXSM, ETF Symbol: KCESM); KBW Insurance Index (Index Symbol: KIXSM, ETF Symbol: KIESM); KBW Mortgage Finance Index (Index Symbol: MFXSM, ETF Symbol: KMESM); KBW Regional Banking Index (Index Symbol: KRXSM, ETF Symbol: KRESM, KRSSM, KRUSM); KBW Financial Sector Dividend Yield Index (Index Symbol: KDXSM, ETF Symbol: KBWDSM); KBW Premium Yield Equity REIT Index (Index Symbol: KYXSM, ETF Symbol: KBWYSM); KBW Property and Casualty Insurance Index (Index Symbol: KPXSM, ETF Symbol: KBWPSM); and KBW Global (Ex. U.S.) Financial Sector Index (Index Symbol: KGXSM, ETF Symbol: KBWXSM).

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. It also offers asset management services through KBW Asset Management, Inc. Founded in 1962, the firm is widely recognized as a leading authority in the banking, insurance, brokerage, asset management, mortgage banking, real estate and specialty finance sectors. The firm has established 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.