New Century Bank Launches New Investment Management Arm

December 6, 2007; 03:47 AM
CHICAGO -- NCB Holdings, Inc., the parent company of New Century Bank, today announced the launch of its new full-service asset and wealth management arm Kingsbury Capital, LLC*. 
 
New Century Bank, with more than $435 million in assets, has been a leader among financial institutions in the Chicago area by providing comprehensive big-bank services with localized expertise and an unwavering commitment to customer satisfaction.  With the launch of Kingsbury Capital, New Century Bank is now able to add comprehensive investment and brokerage capabilities when helping its clients.  
 
"For a bank our size, this is a unique opportunity to provide our business and retail customers with sophisticated asset and wealth management strategies," said Faye T. Pantazelos, New Century Bank's Founder, President and Chief Executive Officer. "Kingsbury Capital underscores our commitment to excellent customer service to the local community.  It also reinforces our position as one of the top banks serving the greater Chicago region."  

Under Kingsbury Capital, seasoned investment bankers will provide innovative investment services, ranging from brokerage and asset management to high net worth advisory, including private equity, direct ownership and other specialized strategies.  The Kingsbury Capital arm of New Century Bank will be divided into two separate divisions — Kingsbury Capital Advisors and Kingsbury Capital Securities.

Leading Kingsbury Capital's investment banking arm will be Stuart Fuchs, who will serve as President of Kingsbury Capital Advisors.  In this new role, Fuchs will be the Vice President of Kingsbury Capital's Board of Directors.  Fuchs has a proven history of successfully raising capital in the biopharmaceutical industry along with serving as an investment banker with Goldman, Sachs, & Co. for almost 20 years.  Kingsbury Capital Securities, the wealth management division, will be led by Asher D. Wolmark.  He will serve as President and sit on the Kingsbury's Board of Directors.  He will oversee comprehensive investment services that are customized to the unique financial needs of each client.  Wolmark began his career at Lehman Brothers in New York and then rising through the ranks at several national and Chicago-based wealth management firms.  Combined, Fuchs and Wolmark have more than 40 years of experience in the financial sector. 

Kingsbury Capital will operate from 350 W. Ontario St., directly across from New Century Bank's current headquarters.  For more information on New Century Bank or Kingsbury Capital, please visit www.newcenturybk.com.

About New Century Bank

Serving Chicago since 1999, New Century Bank is a full-service financial company committed to providing customers with the specialized attention and level of services they deserve.  Offering the new direction in commercial and business lending and personal banking, New Century Bank provides everything from 24-hour telephone and Internet banking to competitive interest rates, cash management and the advice from highly-skilled bankers who have a variety of resources to help customers improve their lives financially.  Founded by Faye T. Pantazelos, New Century Bank prides itself on promptly fulfilling customers' financial needs and providing customers with the high level of service they deserve. For more information, please visit www.newcenturybk.com.  

*Kingsbury Capital, a new arm of NCB Holdings, Inc. and New Century Bank, is a full-service investment banking firm that offers financial services as an independent affiliate of Broadmark Capital and Brewer Financial Services.  Kingsbury Capital's mission is to add value to businesses in the process of raising capital, and provide products for New Century Bank's investing client-partners, in an effort to create opportunities for equity expansion and higher returns while managing an acceptable risk-to-reward ratio.  Kingsbury Capital offers comprehensive investment services customized to the financial needs of New Century Bank's client-partners.