updated 5/18/2011 4:17:24 PM ET 2011-05-18T20:17:24

ARLINGTON, Va., May 18, 2011 (GLOBE NEWSWIRE) -- FBR Capital Markets Corporation (Nasdaq:FBCM), a leading investment bank serving the middle market, announced today the addition of Kent D. Carstater to the firm's Financial Institutions Investment Banking group. Mr. Carstater will serve as a managing director in FBR Capital Market's Arlington, Virginia office.

"Kent is an accomplished banker and we are very excited to have him join our financial institutions banking team," said James C. Neuhauser, Executive Vice President and Head of Investment Banking. "His extensive network of contacts and ability to source and execute significant capital markets and mergers and acquisitions transactions will be a terrific complement to the FBR team."

Kent Carstater added, "I am delighted to join FBR's investment banking practice. FBR's entrepreneurial culture and leading distribution platform are the hallmarks of a firm that is well regarded for executing creative ideas." 

Mr. Carstater joins FBR Capital Markets from Stifel Financial Corporation, where he served as a Managing Director. Previous to that, Mr. Carstater was a Managing Director at Resource America, where he focused on private equity investments in banking institutions, and a Principal at Keefe, Bruyette & Woods. Mr. Carstater has successfully completed more than 80 capital markets and merger and acquisition advisory transactions for his clients, totaling over $11 billion in value. Mr. Carstater earned a Bachelor of Finance at Virginia Tech and received a Master's degree from the University of Virginia's Darden School of Business. 

FBR Capital Markets Corporation (Nasdaq:FBCM) provides investment banking, merger and acquisition advisory, institutional brokerage, and research services through its subsidiary FBR Capital Markets & Co. FBR focuses capital and financial expertise on the following industry sectors: consumer; diversified industrials; energy & natural resources; financial institutions; insurance; real estate; and technology, media & telecom. FBR Fund Advisers, Inc., a subsidiary of FBR Capital Markets Corporation, provides clients with a range of investment choices through The FBR Funds, a family of mutual funds. FBR is headquartered in the Washington, D.C. metropolitan area with offices throughout the United States and in London. For more information, please visit www.fbr.com .

The FBR Capital Markets Corporation logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=6405

         Shannon Small
         Bradley J. Wright

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