S&P Dow Jones Indices is removing Parkway Inc. from the S&P SmallCap 600 index, effective before market open Oct. 12.
Parkway, which is being bought out by Canada Pension Plan Investment Board in a deal slated to close on or about such date, will be replaced by Pacific Premier Bancorp Inc.
S&P Dow Jones Indices and S&P Global Market Intelligence are owned by S&P Global Inc.