Downey Financial Corp., a thrift institution based in Newport Beach, Calif., will be dropped from the S&P SmallCap 600 after the close of trading on Aug. 20, according to Standard & Poor's. It will be replaced by Interval Leisure Group Inc., Miami, a provider of membership services to the vacation ownership industry. At the close of trading on Aug. 13, Downey had a market capitalization below the target range for the SmallCap index, S&P said. Downey can be found on the Web at http://www.downeysavings.com, and S&P can be found at http://www.standardandpoors.com.
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