ARLINGTON, Va., April 27, 2010 (GLOBE NEWSWIRE) -- FBR Capital Markets Corporation (Nasdaq:FBCM) (FBR Capital Markets), a leading investment bank serving the middle market, announced today the addition of Daniel T. Bass to the firm's Financial Institutions Investment Banking group. Mr. Bass will serve as a managing director in FBR Capital Markets' Houston office.
The addition represents FBR Capital Markets' continued investment in coverage of key geographic markets of importance to investors interested in acquiring banking institutions and related assets. FBR Capital Markets recently initiated research coverage of Texas banks and maintains coverage of banks in other important geographic markets such as the Southeastern, Western and Mid-Atlantic United States and Puerto Rico.*
"The market for investing in banks and their assets continues to grow and evolve, and as it does, we're committed to directing additional resources to areas aligned with client needs," said James C. Neuhauser, CFA, Executive Vice President and Head of Investment Banking at FBR Capital Markets. "Dan's 28-year career in financial services, experience as a regulator and his local-market expertise in Texas banks will generate immediate value for our clients."
Mr. Bass joins FBR Capital Markets from The Carson Medlin Company, an investment bank specializing in corporate finance advisory services to financial institutions throughout the Sunbelt, where he was Executive Vice President and Managing Director. He was previously a senior vice president in Mergers & Acquisitions at Compass Bancshares. Earlier in his career he was a senior manager at KPMG focusing on financial institutions and also worked in investment banking at Alex Sheshunoff Management Services. He is a veteran of the Federal Deposit Insurance Corporation where he served as an analyst within both the Division of Supervision and the Division of Research and Statistics. Mr. Bass earned a Bachelor of Business Administration from The University of Texas, Austin, and received a Master of Science in Information Management from Marymount University.
FBR Capital Markets Corporation (Nasdaq:FBCM) provides investment banking, merger and acquisition advisory, institutional brokerage, introducing prime brokerage and research services through its subsidiary FBR Capital Markets & Co. FBR Capital Markets focuses capital and financial expertise on the following industry sectors: consumer; diversified industrials; energy & natural resources; financial institutions; insurance; real estate; and technology, media & telecom. FBR Fund Advisors, Inc., a subsidiary of FBR Capital Markets Corporation, provides clients with a range of investment choices through The FBR Funds, a family of mutual funds. FBR Capital Markets is headquartered in the Washington, D.C. metropolitan area with offices throughout the United States and in London. For more information, please visit www.fbr.com.
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*Research is provided by FBR Capital Markets & Co.'s Research department, which is independent from the Investment Banking department of FBR Capital Markets & Co. and has the sole authority to determine which companies receive research coverage and the recommendation contained in the coverage. In the normal course of its business, FBR Capital Markets & Co. seeks to perform investment banking and other fee-generating services for companies that are the subject of FBR Capital Markets & Co. research reports. Research analysts are eligible to receive bonus compensation that is based on FBR Capital Markets & Co.'s overall operating revenues, including revenues generated by FBR Capital Markets & Co.'s Investment Banking department. Specific information is contained in each research report concerning FBR Capital Markets & Co.'s relationship with the company that is the subject of the report.