FBR Adds Senior Bankers in Healthcare and Financial Institutions Groups

ARLINGTON, Va., March 31, 2015 (GLOBE NEWSWIRE) -- FBR & Co. (Nasdaq:FBRC) (FBR), a leading investment bank serving the middle market, announced the hiring of Messieurs Eric M. Corrigan as Managing Director, Financial Institutions, and John W. Patterson as Managing Director, Healthcare. Mr. Corrigan will be covering depository institutions, primarily in the southeastern United States. Mr. Patterson will be covering companies in the healthcare services sector. Both will be based in FBR's New York office.

"We are extremely pleased to have attracted these two Wall Street veterans to FBR. Both Eric and John bring a wealth of experience, expertise, and contacts to our banking practice and will complement our existing teams very well," said Kenneth Slosser, Executive Vice President and Head of Investment Banking at FBR. "Adding strategic resources in both our newer industry groups as well as in those of historic strength for FBR is a valuable and ongoing endeavor."

Eric M. Corrigan comes to FBR with more than twenty years of experience in investment banking. He has held senior positions at Citigroup, Bank of America, Macquarie Capital and most recently Keefe, Bruyette & Woods where he served as Managing Director within the Depository Institutions group. He is a graduate of the University of Colorado.

John W. Patterson began his career covering the healthcare industry in 1989 at Donaldson, Lufkin & Jenrette. He has held senior positions at Deutsche Bank Securities, RBC Capital Markets, Coady Diemar Partners, and Headwaters MB. He has an undergraduate degree from Bucknell University and a M.B.A. from the Wharton School of Business at the University of Pennsylvania.

FBR & Co. (Nasdaq:FBRC) provides investment banking, merger and acquisition advisory, institutional brokerage, and research services through its subsidiary FBR Capital Markets & Co. FBR focuses capital and financial expertise on the following industry sectors: consumer; diversified industrials; energy & natural resources; financial institutions; healthcare; 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.

Statements in this release concerning future performance, developments, events, market forecasts, revenues, expenses, earnings, run rates and any other guidance on present or future periods constitute forward-looking statements. These forward-looking statements are subject to a number of factors, risks and uncertainties that might cause actual results to differ materially from stated expectations or current circumstances. These factors include, but are not limited to, the effect of demand for public and private securities offerings, activity in the secondary securities markets, interest rates, the risks associated with merchant banking investments, the realization of gains and losses on principal investments, available technologies, competition for business and personnel, and general economic, political and market conditions. For a discussion of these and other risks and important factors that could affect FBR's future results and financial condition, see "Risk Factors" in Part I, Item 1A and "Management's Discussion and Analysis of Financial Condition and Results of Operations" in Part II, Item 7 of the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2014; and other items throughout the Company's Form 10-K, Quarterly Reports on Form 10-Q, and Current Reports on Form 8-K.

CONTACT: Investors: Bradley J. Wright at 703.312.9678 or bwright@fbr.com Media: Shannon Hawkins at 703.469.1190 or shawkins@fbr.com

Source:FBR & Co.