FBR Announces the Addition of Two M&A Specialists Continuing Buildout of Advisory Business

FBR & Co. (Nasdaq:FBRC) ("FBR" or the "Company"), a leading investment bank serving the middle market, announced today that Warren N. Romine and Matthew W. Spain have joined the firm as Managing Directors in the Company's Diversified Industrials Investment Banking Group. Both men will focus primarily on the continuing expansion of the Investment Bank's advisory business.

"This is an exciting time for our banking group and specifically the industrials sector. On the heels of the completion of several important transactions in the sector already this year, adding two professionals of the caliber of Warren and Matt should only help to further our growing momentum and market leadership, particularly in our advisory practice," said Kenneth P. Slosser, Executive Vice President and Head of Investment Banking. "Warren and Matt will further enhance our advisory capabilities which we continue to strategically expand across sectors."

Mr. Romine began his investment banking career in 1993 and has held positions at Jefferies Group Inc. and Merrill Lynch & Co. Most recently, he served as Director at Houlihan Lokey Howard & Zukin where his principal responsibilities included mergers & acquisitions (M&A) advisory assignments in the aerospace, defense, and government contracting sectors. Mr. Romine earned a B.A. in Accounting from Morehouse College and an M.B.A. from Harvard University. He will be based in the Company's Arlington, VA headquarters.

Mr. Spain brings nearly 20 years of industry experience. He comes to FBR from Imperial Capital, LLC in Los Angeles, CA where he was Managing Director and Head of the General Industrials Group. Prior to Imperial, Mr. Spain consulted to The Gores Group and held positions at UBS, Donaldson, Lufkin & Jenrette, NationsBanc Montgomery Securities, Inc. and Fuji Bank, Ltd. Mr. Spain earned his Bachelor's Degree at Southern Methodist University and an M.B.A. from The University of Texas at Austin. Mr. Spain will be based in the Company's Irvine, CA office.

FBR & Co. (Nasdaq:FBRC) 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 is headquartered in the Washington, D.C. metropolitan area with offices throughout the United States. For more information, please visit www.fbr.com.

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