NEW YORK, March 26, 2014 (GLOBE NEWSWIRE) -- StoneCastle Financial Corp. (Nasdaq:BANX), an SEC registered investment company, today announced that CEO Joshua Siegel will present at the 3rd Annual SNL Community Bankers Conference on April 9, at the Four Seasons Resort and Club Dallas at Las Colinas in Irving, Texas.
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 fireside chat titled "Capital Management: An Investor's View," which, in addition to providing an update on the community banking industry, will detail strategies related to capital access, deployment and management.
"Smaller banks have traditionally lacked access to the same range of financing options available to their larger counterparts," said Mr. Siegel. "The community banking landscape is currently witnessing increased consolidation, necessitating further capital infusions and providing significant investment opportunities. With this in mind, it is more important than ever for community bank executives to understand the expectations and motives driving investment in the industry as a whole."
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. StoneCastle Financial is a registered non-diversified closed-end investment company. 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.
CONTACT: Investor Contact: Stephen Swett 347-887-0399 Media Contact: Brian Ruby 203-682-8268 firstname.lastname@example.org
Source:StoneCastle Financial Corp.