Company Overview

We invest in what we believe are America's best community banks.


Overview Our Advisor

StoneCastle Financial Corp.




StoneCastle Financial Corp. is a closed-end investment company established to serve as an investor in healthy community banks seeking capital for organic growth, acquisitions, share repurchases and other refinancing activities. We invest in community banks that have experienced management teams, stable earnings, sustainable markets and growth opportunities. Our primary investment objective is to provide stockholders with current income, and to a lesser extent, capital appreciation, through preferred equity, subordinated debt and common equity investments predominantly in U.S. domiciled community banks.

We are managed by our external advisor StoneCastle Asset Management LLC.


Management Board Corporate Governance

    StoneCastle Financial Senior Management

    Through our advisor, StoneCastle Asset Management, LLC, our team brings extensive experience and depth in analyzing banks and managing investment portfolios.

  • Joshua Siegel, Josh Siegel

    Joshua Siegel

    Chairman & CEO of StoneCastle Financial Corp.

    Joshua ("Josh") Siegel founded StoneCastle Partners, LLC in 2003 and serves as Managing Partner and is the Chief Executive Officer. Mr. Siegel has direct responsibility for overall management and strategy of all aspects of the company. Mr. Siegel also serves as the Chairman and CEO of StoneCastle Financial Corp.

    Josh is widely regarded as a leading expert and investor in the community banking industry and is often quoted in financial media, including The Wall Street Journal, The New York Times, American Banker, and CNNMoney. In addition, he speaks frequently at industry events, including those hosted by the American Bankers Association, Conference of State Bank Supervisors, FDIC, Federal Reserve Bank and SNL Financial.

    A creative instructor with a passion for teaching, Josh has regularly been invited to educate government regulators about the specialized community banking sector. He also served as Adjunct Professor at the Columbia Business School in New York City. His research and financial innovations have brought nearly $40 billion of capital to over 1,600 banks across America over the past 12 years.

    Prior to co-founding StoneCastle, Josh was a co-founder and Vice President of the Global Portfolio Solutions Group at Salomon Brothers/Citigroup Global Markets, a group organized to finance portfolios of financial assets for corporations and to invest in the sector as a principal. He later assumed responsibility for developing new products, including pooled investment strategies for the community banking sector. Josh originally joined Salomon Brothers/Citigroup in 1996 in the tax and lease division, providing structured financing to government-sponsored enterprises and Fortune 500 corporations.

    Prior to his tenure at Salomon Brothers/Citigroup, Joshua worked at Sumitomo Bank where he served as a corporate lending officer, as a banker structuring equipment lease and credit derivative transactions, and as a member of the New York Credit Committee and at Charterhouse, carrying out merchant banking and private equity transactions.

    Mr. Siegel received his BS in Management and Accounting from Tulane University.

    Josh has provided strategic advice to the Global Food Banking Network ‐ because no one should go hungry. He also provides annual economic support to Prep for Prep to make sure academic brilliance is recognized and nurtured without regard to a student's economic, demographic or sociological impediments.

    Full Bio
  • George Shilowitz

    George Shilowitz

    Director & President of StoneCastle Financial Corp.

    Mr. Shilowitz serves as Managing Partner and Co-CEO of StoneCastle Partners, LLC and has direct responsibility for overall management and strategy of all aspects of the company and is the chairman of the investment committees. He also serves as the President of StoneCastle Financial Corp.

    George brings two decades of fixed income and principal investment experience. Prior to joining StoneCastle, George was a senior executive and participated in the highly successful turnaround of Shinsei Bank sponsored by J.C. Flowers & Co. and Ripplewood Partners. George managed various business units including Merchant Banking and Principal Finance and was the president of its wholly-owned subsidiary, Shinsei Capital (USA) Limited. Prior to Shinsei, George was a senior member of the Principal Transactions Group at Lehman Brothers, focusing on proprietary investments and debt portfolio acquisitions from distressed financial institutions in Asia. Prior to Lehman Brothers, he was a member of Salomon Brothers' asset finance group. George began his career at First Boston Corporation (now Credit Suisse) as a member of the fixed income mortgage arbitrage group and also held positions in the financial engineering group and asset finance investment banking. He holds a BS in Economics from Cornell University.

    Full Bio
  • Patrick Farrell

    Patrick J. Farrell

    Chief Financial Officer of StoneCastle Financial Corp.

    As Chief Financial Officer at StoneCastle Partners LLC, Mr. Farrell is responsible for all financial and accounting activities at StoneCastle. He joins StoneCastle with over thirty five years of hands-on management experience in finance and accounting, specifically focused on domestic and offshore mutual funds, bank deposit account programs, investment advisory and broker dealer businesses.

    Previously, Mr. Farrell was CFO/COO of the Emerging Managers Group, LP, a specialty asset management firm focused on offshore mutual funds. Prior to that, Pat was CFO at Reserve Management, where he oversaw all financial activities for the company. Earlier in his career, Pat held financial positions at Lexington Management, Drexel Burnham, Alliance Capital and New York Life Investment Management, all focused on investment advisory activities. He began his career at Peat Marwick Mitchell & Co. Pat holds a BS in Business Administration-Accounting from Manhattan College.

    Mr. Farrell is a Certified Public Accountant in New York State and a member of the American Institute of Certified Public Accountants.

    Full Bio
  • Rachel Schatten

    Rachel Schatten

    Chief Compliance Officer and Secretary of StoneCastle Financial Corp.

    Ms. Schatten is the General Counsel and Chief Compliance Officer of StoneCastle Partners. She came to StoneCastle with over 12 years of investment adviser experience. Most recently, she was the U.S. General Counsel and Chief Compliance Officer of an international fund of funds, and the General Securities Principal of its affiliated broker-dealer. Prior to that, she was an Associate in the investment management group of Schulte Roth & Zabel LLP, where she counseled investment advisers with respect to the development and structuring of new hedge funds, including domestic and offshore entities, master feeder funds, and funds of funds. She has her Series 7, 63 and 24 licenses.

    Ms. Schatten graduated Cum Laude from Albany Law School of Union University, where she was an associate editor of the Albany Law Review and a member of the Justinian Society.

    Full Bio

    StoneCastle Financial Senior Management

    Via our advisor, StoneCastle Asset Management, LLC, we intend to capitalize on the significant deal origination, credit underwriting, due diligence, investment structuring, execution, portfolio management and monitoring experience of StoneCastle Partners and its affiliates' investment professionals.

  • Joshua Siegel, Josh Siegel

    Joshua Siegel

    Chairman & CEO of StoneCastle Financial Corp.

    Joshua ("Josh") Siegel founded StoneCastle Partners, LLC in 2003 and serves as Managing Partner and is the Chief Executive Officer. Mr. Siegel has direct responsibility for overall management and strategy of all aspects of the company. Mr. Siegel also serves as the Chairman and CEO of StoneCastle Financial Corp.

    Josh is widely regarded as a leading expert and investor in the community banking industry and is often quoted in financial media, including The Wall Street Journal, The New York Times, American Banker, and CNNMoney. In addition, he speaks frequently at industry events, including those hosted by the American Bankers Association, Conference of State Bank Supervisors, FDIC, Federal Reserve Bank and SNL Financial.

    A creative instructor with a passion for teaching, Josh has regularly been invited to educate government regulators about the specialized community banking sector. He also served as Adjunct Professor at the Columbia Business School in New York City. His research and financial innovations have brought nearly $40 billion of capital to over 1,600 banks across America over the past 12 years.

    Prior to co-founding StoneCastle, Josh was a co-founder and Vice President of the Global Portfolio Solutions Group at Salomon Brothers/Citigroup Global Markets, a group organized to finance portfolios of financial assets for corporations and to invest in the sector as a principal. He later assumed responsibility for developing new products, including pooled investment strategies for the community banking sector. Josh originally joined Salomon Brothers/Citigroup in 1996 in the tax and lease division, providing structured financing to government-sponsored enterprises and Fortune 500 corporations.

    Prior to his tenure at Salomon Brothers/Citigroup, Joshua worked at Sumitomo Bank where he served as a corporate lending officer, as a banker structuring equipment lease and credit derivative transactions, and as a member of the New York Credit Committee and at Charterhouse, carrying out merchant banking and private equity transactions.

    Mr. Siegel received his BS in Management and Accounting from Tulane University.

    Josh has provided strategic advice to the Global Food Banking Network ‐ because no one should go hungry. He also provides annual economic support to Prep for Prep to make sure academic brilliance is recognized and nurtured without regard to a student's economic, demographic or sociological impediments.

    Full Bio
  • George Shilowitz

    George Shilowitz

    Director & President of StoneCastle Financial Corp.

    Mr. Shilowitz serves as Managing Partner and Co-CEO of StoneCastle Partners, LLC and has direct responsibility for overall management and strategy of all aspects of the company and is the chairman of the investment committees. He also serves as the President of StoneCastle Financial Corp.

    George brings two decades of fixed income and principal investment experience. Prior to joining StoneCastle, George was a senior executive and participated in the highly successful turnaround of Shinsei Bank sponsored by J.C. Flowers & Co. and Ripplewood Partners. George managed various business units including Merchant Banking and Principal Finance and was the president of its wholly-owned subsidiary, Shinsei Capital (USA) Limited. Prior to Shinsei, George was a senior member of the Principal Transactions Group at Lehman Brothers, focusing on proprietary investments and debt portfolio acquisitions from distressed financial institutions in Asia. Prior to Lehman Brothers, he was a member of Salomon Brothers' asset finance group. George began his career at First Boston Corporation (now Credit Suisse) as a member of the fixed income mortgage arbitrage group and also held positions in the financial engineering group and asset finance investment banking. He holds a BS in Economics from Cornell University.

    Full Bio
  • Patrick Farrell

    Patrick J. Farrell

    Chief Financial Officer of StoneCastle Financial Corp.

    As Chief Financial Officer at StoneCastle Partners LLC, Mr. Farrell is responsible for all financial and accounting activities at StoneCastle. He joins StoneCastle with over thirty five years of hands-on management experience in finance and accounting, specifically focused on domestic and offshore mutual funds, bank deposit account programs, investment advisory and broker dealer businesses.

    Previously, Mr. Farrell was CFO/COO of the Emerging Managers Group, LP, a specialty asset management firm focused on offshore mutual funds. Prior to that, Pat was CFO at Reserve Management, where he oversaw all financial activities for the company. Earlier in his career, Pat held financial positions at Lexington Management, Drexel Burnham, Alliance Capital and New York Life Investment Management, all focused on investment advisory activities. He began his career at Peat Marwick Mitchell & Co. Pat holds a BS in Business Administration-Accounting from Manhattan College.

    Mr. Farrell is a Certified Public Accountant in New York State and a member of the American Institute of Certified Public Accountants.

    Full Bio
  • Rachel Schatten

    Rachel Schatten

    Chief Compliance Officer and Secretary of StoneCastle Financial Corp.

    Ms. Schatten is the General Counsel and Chief Compliance Officer of StoneCastle Partners. She came to StoneCastle with over 12 years of investment adviser experience. Most recently, she was the U.S. General Counsel and Chief Compliance Officer of an international fund of funds, and the General Securities Principal of its affiliated broker-dealer. Prior to that, she was an Associate in the investment management group of Schulte Roth & Zabel LLP, where she counseled investment advisers with respect to the development and structuring of new hedge funds, including domestic and offshore entities, master feeder funds, and funds of funds. She has her Series 7, 63 and 24 licenses.

    Ms. Schatten graduated Cum Laude from Albany Law School of Union University, where she was an associate editor of the Albany Law Review and a member of the Justinian Society.

    Full Bio

  • Independent Board Members

  • Alan Ginsberg

    Alan Ginsberg

    Director of StoneCastle Financial Corp.

    Mr. Ginsberg has more than 25 years of experience in providing financial advisory services to financial institutions. Mr. Ginsberg began his investment banking career at Salomon Brothers Inc. in 1983, followed by being a key member of a group that moved to UBS Financial Services Inc ("UBS") in 1995 and to Donaldson, Lufkin & Jenrette ("DLJ") in 1998. He remained at DLJ through the merger with Credit Suisse First Boston until 2004, when he was recruited to Head HSBC Bank USA's Financial Institutions Group Americas ("HSBC"), remaining there until mid 2006. Following HSBC, Mr. Ginsberg was a senior member of the Bank of America Securities Financial Institutions Group. Mr. Ginsberg has advised on more than 65 strategic transactions and advisory assignments during his tenure as an investment banker. Mr. Ginsberg received his B.A. in Economics from Yale University. He currently serves as Chairman of Yale's Peabody Museum Advisory Board.

    Full Bio
  • Emil W. Henry, Jr.

    Emil W. Henry, Jr.

    Director of StoneCastle Financial Corp.

    Mr. Emil W. Henry, Jr. is the former Assistant Secretary of the U.S. Treasury for Financial Institutions, is the CEO and Founder of Tiger Infrastructure Partners, a private equity firm focused on global infrastructure investment opportunities. Prior to founding Tiger Infrastructure Partners, he was Global Head of the Lehman Brothers Private Equity Infrastructure businesses, where he oversaw global infrastructure investments. In 2005, Mr. Henry was appointed Assistant Secretary of the Treasury for Financial Institutions by the President of the United States. Until his departure in 2007, he was a key advisor to two Treasury Secretaries on economic, legislative and regulatory matters affecting U.S. financial institutions and markets. Before joining the Treasury, Mr. Henry was a partner of Gleacher Partners LLC, an investment banking and investment management firm, where he served as Chairman of Asset Management, and Managing Director, and where he oversaw the firm's investment activities. Before attending business school, Mr. Henry was a member of the principal investing arm of Morgan Stanley, where he was involved in the execution of leveraged buyouts on the firm's behalf. He holds an M.B.A. from Harvard Business School and a B.A. in Economics from Yale University.

    Full Bio
  • Clara Miller

    Clara Miller

    Director of StoneCastle Financial Corp.

    Ms. Miller is President of The F. B. Heron Foundation, which helps people and communities help themselves out of poverty. Prior to assuming the Foundation's presidency, Miller was President and CEO of Nonprofit Finance Fund which she founded and ran from 1984 through 2010.

    Ms. Miller was named to The NonProfit Times "Power and Influence Top 50" for the five years from 2006 through 2010. She was awarded a Bellagio Residency in 2010 by The Rockefeller Foundation.

    In addition to serving on The F. B. Heron Foundation's board, Ms. Miller is on the boards of GuideStar, The Robert Sterling Clark Foundation, and Family Independence Initiative. She is also a member of Social Investment Committee of the Kresge Foundation. In 2010, Ms. Miller became a member of the first Nonprofit Advisory Committee of the Financial Accounting Standards Board.

    In 1996, Ms. Miller was appointed by President Clinton to the U.S. Treasury's first Community Development Advisory Board for the then-newly-created Community Development Financial Institutions Fund. She later served as its Chair. She chaired the Opportunity Finance Network board for six years and was a member of the Community Advisory Committee of the Federal Reserve Bank of New York for eight years. Other prior board affiliations include Grantmakers for Effective Organizations, Enterprise Community Loan Fund, Community Wealth Ventures and Working Today.

    Ms. Miller speaks and writes extensively about nonprofit capitalization and finance and has been published in The Financial Times, Stanford Social Innovation Review, The Nonprofit Quarterly and the Chronicle of Philanthropy.

    Full Bio

Offices

Offices