NEW YORK, Dec. 2, 2013 (GLOBE NEWSWIRE) -- StoneCastle Financial Corp. (Nasdaq:BANX), today announced that its Chairman and CEO, Joshua Siegel, was invited to participate in the American Bankers Association and NASDAQ OMX joint event, "Marking a Milestone: Ten Years of the ABAQ" on Wednesday, December 4, at the Millennium Broadway Hotel in New York, New York.
Mr. Siegel will be presenting as part of the panel discussion, Community Bank Access to Capital: Looking Forward. The panel will discuss the macroeconomic context of the community bank industry in 2014, investor expectations and how community banks can successfully access capital in today's market.
"Community Banks play a critical role in the financial health and stability of American small business, lending much-needed capital to these important employers," said Mr. Siegel. "But in order to continue playing their vital role in the economy, community banks also need access to capital to comply with regulatory capital requirements to fund additional loans, to continue growing and compensate for a shrinking pool of locally sourced capital."
About StoneCastle Financial Corp.
StoneCastle Financial Corp. ("StoneCastle Financial") is an SEC regulated, closed-end investment company established to serve as an investor in community banks seeking capital for organic growth, acquisitions, share repurchases and other refinancing activities. StoneCastle Financial targets its investments into community banks that have experienced management teams, stable earnings, sustainable markets and growth opportunities. Its primary investment objective is to provide stockholders with current income, and to a lesser extent, capital appreciation, through preferred equity, subordinated debt and common equity investments predominantly in U.S. domiciled community banks. StoneCastle Financial is managed by its external advisor StoneCastle Asset Management LLC. StoneCastle Financial is listed on the NASDAQ Global Select Market under the symbol "BANX". To learn more, visit www.stonecastle-financial.com.
This press release contains statements that are not historical facts, but are forward-looking statements based on current management expectations that involve substantial risks and uncertainties that could cause actual results to differ materially from the results expressed in, or implied by, these forward-looking statements. Actual future results may differ significantly from those stated in any forward-looking statement, depending on factors such as changes in securities or financial markets or general economic conditions, the volume of sales and purchases of shares of common stock, the continuation of investment advisory, administrative and service contracts, and other risks discussed from time to time in StoneCastle Financial's filings with the Securities and Exchange Commission.
Source:StoneCastle Financial Corp.