Richard L. Quad Joins Griffin as Co-Head of its Financial Institutions Group

NEW YORK, NY, August 8, 2012 – Griffin Financial Group announced today that Richard L. Quad, former Head of U.S. Financial Institutions M&A at RBC Capital Markets, has joined Griffin as Senior Managing Director. Along with Mark R. McCollom, Mr. Quad will serve as Co-Head of Griffin’s Financial Institutions Group, and will be located in Griffin’s New York City office.

“Rich brings us additional strong experience in the financial institutions space, particularly in the Northeast,” said Joseph M. Harenza, CEO. “I’m confident that under Mark and Rich’s leadership, we will be able to continue to grow our financial institutions business in the Northeast,” said Mr. Harenza.

“He is a demonstrated leader, and his career as both an investment banker and an officer of a financial institution makes him a great fit for our team,” said Mr. McCollom.

Mr. Quad provides investment banking services to financial institution clients. He has 19 years of experience in both investment banking and commercial banking in the Northeast. He has successfully completed over 50 assignments for more than 25 community bank clients including common, convertible and preferred stock offerings, buy-side, sell-side and FDIC receivership transactions, as well as strategic and general advisory assignments.

“I am thrilled to be joining Griffin,” Mr. Quad said. “The firm has an excellent reputation for its depth of advice and analysis and is an established leader in serving financial institutions.”

“And because many of Griffin’s professionals have significant in-house operating experience and financial accounting and tax backgrounds, they are able to offer clients more than the typical investment bank,” said Quad. “This is a tremendously talented team.”

Prior to becoming Head of U.S. Financial Institutions M&A, Mr. Quad had also been Co-Head of U.S. Depository Institutions for RBC. Mr. Quad’s experience also includes tenures at regional broker-dealers Tucker Anthony Sutro and Advest, Inc., as well as Banknorth Group, Inc.