Boenning & Scattergood Expands Banking Sector Research Coverage with Hiring of Matthew Schultheis

2008-07-08 23:48:07 -

- Boenning & Scattergood, Inc. Nancy Zeller-Landau Director of Equities and Research 610-832-5319 nzlandau@boenninginc.com Boenning & Scattergood, Inc., an independent securities, asset management and investment banking firm headquartered in the Mid-Atlantic region, announced that Matthew C. Schultheis, CFA, has joined the equity research team as Senior Research Analyst, Financial Services. The addition of Mr. Schultheis further demonstrates the firm's commitment

to equity research and will increase the number of companies under coverage in the financial services sector to better serve its institutional and individual clients.

Mr. Schultheis, a Chartered Financial Analyst, has considerable experience researching and analyzing companies in the financial services sector, specifically banks. Previously, Mr. Schultheis worked for Ferris, Baker Watts, Inc. as an analyst covering banks, specialty finance companies and REITs.

"Matt's knowledge and experience following bank stocks deepens our commitment to covering the financial services industry and provides in-depth equity research in a sector we believe presents an investment opportunity for our clients," commented Nancy Zeller-Landau, Director of Equities and Research. "The addition of Matt to the equity research team is one of 13 recent hires in the equity capital markets group which exemplifies the goal of attracting and hiring high-quality analysts and professionals."

Mr. Schultheis earned his B.A. from Dickinson College.

About Boenning & Scattergood

Founded in 1914, Philadelphia based Boenning & Scattergood, Inc. is one of the oldest independent financial services firms in the region, providing individual, institutional and corporate clients a full compliment of financial services including equity research, investment banking, public finance, asset management as well as equity and fixed income sales and trading. For more information, please visit www.boenninginc.com. Member FINRA/SIPC.

** Addition of Matthew C. Schultheis emphasizes continued
commitment to financial services sector research **