David Kohn

Headquartered in Charlotte, North Carolina, Banc of America Securities (BAS) is the investment banking subsidiary of Bank of America Corp (NYSE: BAC). The firm provides both the domestic and international equity and investment banking markets, and pursues a strategy pioneered by Citigroup that combines corporate lending with investment banking advice and services. They provide high-yield debt underwriting and leveraged finance, in addition to industry coverage groups such as healthcare, media and telecom, financial institutions, real estate and gaming. BAS also does a significant amount of work for Financial Sponsors, or private equity firms, often financing leveraged transactions. Following the strategy of Goldman Sachs, the firm lacks a standalone mergers and acquisitions department, instead employing mergers and acquisitions senior bankers throughout the industry coverage groups. The firm is registered as a broker/dealer with the SEC, is a member of the NYSE, and the NASD. The use of Banc in the BAS's name is indicative of the fact that the company is not a bank, and their deposits and other holdings are not insured by the FDIC.

1st Enterprise Bank is a full-service commercial bank, serving the banking needs of businesses and their owners throughout Southern California. The company offers a full range of credit and depository services, with special emphasis on personalized customer service, cash management services and direct access to bank decision makers. Its services include commercial, real estate and consumer loans, business and personal checking accounts, money market accounts, savings accounts and certificates of deposit, trade finance, business and personal Internet banking, and remote business deposit. The company serves Southern California entrepreneurial businesses, professional firms and nonprofit organizations, along with their owners and key managers. 1st Enterprise Bank was founded in 2006 and is headquartered in Los Angeles, CA.