FBR & Co. Announces the Election of Mark R. Patterson to Its Board of Directors
07 October 2015 - 7:10AM
FBR & Co. (NASDAQ:FBRC) ("FBR" or the "Company"), a leading
investment bank serving the middle market, today announced that
Mark R. Patterson joined the Company's Board of Directors as of
October 6, 2015.
"We are pleased to welcome Mark to our Board," said
Chairman and Chief Executive Officer of FBR, Richard J. Hendrix.
"Mark's insights and valuable perspective as a long-term
institutional shareholder, as well as his strong financial services
background and sharp strategic and analytical mindset, will provide
immediate, meaningful and ongoing contributions to FBR. We look
forward to working with him as we continue to execute on our
strategy to drive long-term growth and shareholder value."
"I am very pleased to join FBR's Board of
Directors," said Patterson. "As a current individual shareholder
and a former investment manager with significant investments in
FBR, I believe FBR has tremendous opportunities, and look forward
to working with my fellow directors and FBR's management team to
build on the firm's success and create value for all
shareholders."
Mark R. Patterson, age 48, was most recently a
Managing Director and Equity Analyst with NWQ Investment Management
Co., LLC, from 1997 until his retirement in 2014. He conducted
fundamental research and valuation analysis for the Company's
financial services sector investments. Prior to joining NWQ,
Patterson was at U.S. Bancorp from 1989-1997, including serving as
Vice President, Investor Relations, where he was a primary contact
between the bank holding company and the investment community. In
that role he also performed detailed valuation and capital planning
financial analysis that informed the company's strategic direction.
Prior to that position, he served as a Financial Analyst in the
bank's Financial Consulting Division/ Planning & Forecasting
Department. Patterson is a Chartered Financial Analyst and holds an
M.B.A. from The Anderson School at UCLA and a B.S. in Business
& Mathematics from Linfield College. He also serves on the
Board of Trustees of Linfield College, where he is a member of the
Financial Affairs and Executive Committees and Chair of the
Investment Committee.
About FBR
FBR & Co. (NASDAQ:FBRC) provides investment
banking, merger and acquisition advisory, institutional brokerage,
and research services through its subsidiaries FBR Capital Markets
& Co. and MLV & Co. FBR focuses capital and financial
expertise on the following industry sectors: consumer; energy &
natural resources; financial institutions; healthcare; industrials;
insurance; real estate; and technology, media & telecom. FBR is
headquartered in the Washington, D.C. metropolitan area with
offices throughout the United States. For more information, please
visit www.fbr.com.
CONTACT: Media: Shannon Hawkins at 703.469.1190 or shawkins@fbr.com
Investors: Linda E. Eddy at 703.312.9715 or leddy@fbr.com
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