Press Release
June 2, 2008
RAYMOND JAMES FINANCIAL SERVICES
WELCOMES FIVE NEW BANK PARTNERS
ST. PETERSBURG, Fla. –Raymond James Financial Services, Inc., member FINRA/SIPC, recently launched brokerage programs for five new bank partners, according to John Houston, Managing Director of RJFS-Financial Institutions Division (FID). The list of new partners appears as Table A below.
“Raymond James added several quality financial institutions to the FID family in recent months as we continue to affiliate with respected, productive financial institutions throughout the U.S.,” Houston stated. “Overwhelmingly, these partners stated they chose Raymond James because we offer an award winning research staff, the latest in financial planning and relationship management technology, a sophisticated wealth solutions team and a dedicated 750+ person IT support staff. Ultimately, the entire Raymond James offering allows our partners to compete directly with the largest brokerage firms present in their communities.”
Table A
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Bank Name
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Bank Location
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NewBridge Bank
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Greensboro, North Carolina
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Farmers National Bank
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Danville, Kentucky
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|
FNB Financial
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Three Rivers, Michigan
|
|
The Bank and Trust
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Del Rio, Texas
|
|
American State Bank
|
Lubbock, Texas
|
About the Financial Institutions Division of RJFS
The Financial Institutions Division (RJFS-FID) was created in 1987 to provide banks and credit unions with brokerage services as an alternative to traditional third-party investment providers and platform programs. RJFS-FID provides true, full-service securities brokerage to financial institutions seeking to compete with the national securities firms. In addition to a full complement of investment products and services, RJFS-FID has the ability to deliver investment banking, research, self-clearing capabilities and wealth management services. The division currently provides investment services to over 200 financial institutions across 42 states with total assets of more than $21 billion in 238,000 client accounts.
About Raymond James Financial Services
Raymond James Financial Services, Inc. is a national investment firm providing financial services to individuals, corporations and municipalities through more than 3,200 financial advisors in 2,000 offices throughout the United States. For more than 30 years, Raymond James Financial Services has provided a wide range of services through our affiliate, Raymond James & Associates, Inc., member New York Stock Exchange/SIPC. Both broker/dealers are wholly owned subsidiaries of Raymond James Financial, Inc. (NYSE-RJF), a financial services holding company which has more than 4,850 financial advisors serving 1.7 million accounts throughout the United States, Canada and overseas. In addition, total client assets are approximately $216 billion, of which approximately $36.8 billion are managed by the firm’s asset management subsidiaries.
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For additional information, please contact Anthea Penrose at 727-567-2824.
Please visit the Raymond James Press Center at raymondjames.com/media.
