NEW YORK, Feb. 4, 2014 (GLOBE NEWSWIRE) -- StoneCastle Financial Corp. (Nasdaq:BANX), an SEC registered investment company, today announced that CEO Joshua Siegel will participate in two panel discussions at the ABA National Conference for Community Bankers on February 18, at the JW Marriott Phoenix Desert Ridge in Phoenix, Arizona.
StoneCastle Financial Corp. was established to make long-term, passive, non-control investments in publicly-traded and privately-held U.S. community banking institutions seeking capital for organic growth, acquisitions, share repurchases and other refinancing activities.
Mr. Siegel will participate in a panel discussion titled "Get Investors' Attention for Your Public Offering," to help privately and publicly held banks identify financial metrics, allocate capital, position the management team as a tangible asset and build valuable franchise value.
"To compensate for a shrinking pool of locally sourced capital, many community banks are seeking new sources of direct institutional investments or access to capital via the public markets," said Mr. Siegel. "But with these new sources of capital come new investor expectations that bank executives and directors need to be prepared to meet."
About StoneCastle Financial Corp.
StoneCastle Financial Corp. ("StoneCastle Financial") is an investment company established to serve as an investor in community banks seeking capital for organic growth, acquisitions, share repurchases and other refinancing activities. With the experience and knowledge gained from its senior management team, StoneCastle Financial was formed to provide investors with exposure to community banks. StoneCastle Financial is focused on investing its capital in long-term, passive, non-control investments and is proud to expand access to capital for publicly traded and privately-held community banking institutions across the country. StoneCastle Financial is managed by
StoneCastle Asset Management LLC. StoneCastle Financial's investment objective is to provide current income, and to a lesser extent capital appreciation, through preferred equity, subordinated debt and common equity investments in U.S. domiciled community banks. Shares of closed-end investment companies may trade above (a premium) or below (a discount) their net asset value. There is no assurance that StoneCastle Financial will achieve its investment objective. StoneCastle Financial is subject to numerous risks, including investment risks. Shares of StoneCastle Financial may not be appropriate for all investors. Investors should review and consider carefully the StoneCastle Financial's investment objective, risks, charges and expenses. Past performance does not guarantee future results. Learn more at www.stonecastle-financial.com.
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Source: StoneCastle Financial Corp.
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