Chicago, IL- August 9, 2006- Performance Trust Capital Partners has named Mike Iannaccone Senior Vice President for the newly created Corporate Finance/Investment Banking Division. In this position Iannaccone will be responsible for the investment banking side of Performance Trust encompassing both underwriting and financial advisory work. “Initially,” commented Iannaccone, “the investment banking side of the firm will encompass both underwriting and advisory work, but will focus on financial advisory and private placements.” He continued, “Eventually the firm will add equity sales, as well as trading and research, and then build into doing public transactions.” Iannaccone expects to have a full range of services in place in the next 18 months.
Performance Trust Capital Partners CEO Richard Berg said, “It is difficult for many executives at financial institutions to really understand the finance behind, and the purchasing of, securities, and Mike Iannaccone’s ability to communicate these complexities will be a definite asset in the development of this new division.”
Iannaccone brings twenty years of comprehensive expertise in strategic planning, mergers & acquisitions, initial public offerings and capital markets focused on community banks and thrifts to Performance Trust Capital Partners. In the last five years Iannaccone has been engaged in advising and assisting a foreign government on privatization and valuation of a majority owned bank, the purchase or sale of eleven financial institutions, issuance of trust preferred securities in excess of $700 million at dozens of institutions and over 50 bank or thrift IPOs with aggregate proceeds of $4 billion.
Mr. Iannaccone is a frequent speaker and resource on issues related to community financial institutions for the Independent Community Bankers Association [ICBA], Financial Managers Society [FMS], Association of Independent Certified Public Accountants [AICPA], SNL Securities Newsletters and Crain’s Chicago Business.
For more information contact: Performance Trust Capital Partners, Inc., 500 W. Madison, Suite 350, Chicago, IL 60661, Phone 312.521.1000 ; Fax 312.521.1001; www.performancetrust.com
About Performance Trust Capital Partners
The Performance Trust Companies are comprised of two primary operating entities being Performance Trust Investment Advisors, Inc. and Performance Trust Capital Partners, Inc. The Performance Trust Investment Advisors, Inc. is an SEC-registered investment advisory company and The Performance Trust Capital Partners, Inc. is a broker-dealer member of the NASD.
Unique in the financial industry, the Performance Trust Companies emphasize education and their proprietary investment methodologies, driving Total Return. Focused on educating fixed-income investment professionals, including regulatory authorities, and providing an outside analytic department which assists investment professionals to outperform, Performance Trust Capital Partners also designs proprietary products to accomplish investment objectives.