Hovde Group expands its custody team with the addition of an investment banking group led by veterans Craig Mancinotti and Rick Maroney

CHICAGO–(BUSINESS WIRE)–Hovde Group, LLC (“Hovde”), a leading full-service investment bank and broker-dealer that provides investment banking, capital markets, equity research and sales and trading firm focused on the financial services industry, today announced that it is adding an investment banking team led by Craig Mancinotti and Rick Maroney, who will serve as senior managing directors of Hovde’s depository practice . The investment banking team also includes Mike Moran, managing director, and four other investment banking professionals.

Hovde will open a new office in Toledo, OH, which Mancinotti and Maroney will manage. They will be responsible for providing investment banking and select advisory services, including M&A and capital markets advisory solutions to depository institutions throughout the Midwest and other markets across the country. . Mancinotti and Maroney each have nearly 40 years of community banking experience, most recently as managing directors of ProBank Austin. They have been involved in over 250 successful M&A transactions representing both buyers and sellers.

Mancinotti and Maroney are frequent speakers at nationwide conferences for state and national organizations, including the annual Bank Manager’s “Get or Be Owned” lecture. They have also been cited as industry experts in industry newspapers and periodicals across the country, including S&P Global Market Intelligence, The Wall Street Journal and CNBC.

“We have known Craig and Rick for many years, have faced them on many deals and followed their success across the country,” commented Kirk Hovde, Managing Director and Head of Investment Banking. “As we continue to evaluate growth opportunities for our business, we view the addition of Craig and Rick, and their team, as a natural fit to strengthen our presence in the Midwest, given their extensive experience, entrepreneurial spirit and, above all, their reputation for providing excellent service to their customers.”

Mancinotti & Maroney added: “In recent years we have seen Hovde Group continue to grow with the addition of Capital Markets, Research and Sales & Trading, as well as being consistently ranked as one of the top M&A advisers most active with community banks. The combination of Hovde’s platform and culture is unmatched in our opinion and made the decision much easier. Joining Hovde offers an exciting opportunity to leverage our client relationships with an expanded range of services and execution skills.

The move will take effect on October 1, 2022.

Comments are closed.