Sterne Agee Expands in Southeast with Depository Investment Banking Group Additions

Patrick J. Long Joins Richmond, Va.; Brian Branson Promoted to Managing Director in Atlanta

Richmond, VA, Atlanta, GA, Birmingham, AL  (Profitable.com)  Sterne, Agee & Leach, Inc., one of the oldest and largest privately-owned investment banking and brokerage firms in the country, today announced the further expansion of its Depository Investment Banking Group with the addition of Patrick J. Long, who will join the firm’s Richmond, Virginia office.

Long joins Sterne Agee as a Managing Director, focusing on banks and thrifts in the Southeastern United States after spending thirteen years at Keefe, Bruyette & Woods, Inc. (“KBW”). While at KBW, he advised Southeastern institutions on mergers and acquisitions, divestitures, restructurings and recapitalizations, and capital raising transactions. A graduate of the United States Naval Academy, Long served in the U.S. Navy for six years before earning his MBA from the University of Chicago’s Booth School of Business.

Joining Long in the Richmond office are Greg Cole, Zachary Ledwith and Christopher Wiederhold. Cole is a graduate of the Pamplin College of Business at Virginia Tech. Ledwith and Wiederhold both attended the Robins School of Business at the University of Richmond. All three join Sterne Agee as investment banking analysts in the depository group.

Sterne Agee also announced the promotion of Brian D. Branson, a member of the Depository Investment Banking Group, to Managing Director. Branson, who is based in the firm’s Atlanta office, joined Sterne Agee in July 2010 and also focuses on bank and thrifts in the Southeastern United States. Prior to joining Sterne Agee, Branson spent six and a half years at Sandler O’Neill + Partners, L.P., providing transaction advisory services to Southeastern financial institutions. Working with Branson in the Atlanta office is Khalil Um’rani, an associate in the firm’s depository investment banking group, who also joined Sterne Agee in 2010.

“With the addition of these professionals to the Richmond office, Sterne Agee is well positioned to compete in the continued consolidation and capital-raising activity in the banking space,” said Walter Robertson, President and COO of Sterne, Agee & Leach, Inc. “As senior calling officers in the Southeast, Patrick and Brian form a strong partnership and we look forward to their continued success.”

“I’m looking forward to working with Patrick and his team,” said Daryle DiLascia, Senior Managing Director and Head of Depository Investment Banking for Sterne Agee. “We collectively executed several successful transactions while at KBW. I am confident that Patrick’s experience will aid Sterne Agee in the continued development of deep client relationships across the Southeast. His hiring is another great step in our commitment to the depository space.”

About Sterne Agee

Founded in 1901, Birmingham, Alabama-based Sterne Agee is one of the oldest and largest privately-owned investment banks in the nation. The firm offers comprehensive financial services to a diverse client base, including corporations, municipalities and high-net worth individuals. Through its family of wholly-owned subsidiaries, Sterne Agee custodies over $21 billion in client assets, and has more than 1,500 employees in 59 offices across 22 states. The Sterne Agee family of companies has prospered for more than 100 years by always putting client interests first and consistently delivering excellent financial services. Sterne Agee is the trade name used by Sterne Agee Group, Inc. and affiliates, including Sterne, Agee & Leach, Inc., member of NYSE, FINRA and SIPC.  Visit www.sterneagee.com.