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Nelson Mullins Represents Sole Underwriter FBR Capital Markets Corp. in $1.15 Billion Private Placement Offering

WASHINGTON, D.C. (Nov. 2) - Nelson Mullins announced its Financial Services Group represented FBR Capital Markets Corp. (NASDAQ: FBCM) in its role as financial advisor and sole initial purchaser and placement agent for NBH Holdings Corp. in a $1.15 billion private offering of 57,500,000 shares of common stock.

NBH Holdings, a recently-formed corporation led by veteran banking executives, intends to apply to become a bank holding company and expects to use the proceeds of the offering to build a leading community banking franchise focused on serving the needs of retail and business customers.  Wachtell Lipton Rosen & Katz advised NBH Holdings.

The offering was done as a private placement under Rule 144A of the Securities Act of 1933 and other exemptions.

The Nelson Mullins Financial Services Group also recently advised on another large, innovative transaction, representing a management group led by Joe Evans, former CEO of Flag Financial Group in Atlanta.  The group raised approximately $300 million in capital to invest in the $35 million-asset State Bank & Trust and then acquired the six Security Banks, which had total assets of approximately $2.8 billion, in an FDIC-assisted transaction.  FBR Capital Markets acted as financial advisor to the management team/State Bank & Trust and was the sole placement agent in the transaction.

Jon Talcott, managing partner of the firm's Washington office, led the team representing FBR Capital Markets in the NBH Holdings transaction, along with attorneys Kate Kling, John ReVeal, Mary Lutz, Stephani Hildebrandt and Peter Strand.  Brennan Ryan, a partner in Nelson Mullins' Atlanta office, led the legal team on the SB&T transaction that included Nelson Mullins attorneys John ReVeal, Mary Lutz and Allie Nagy, senior policy advisor Former Congressman Ron Klink and policy advisor Mick Nardelli.

Nelson Mullins, established in 1897, has more than 400 attorneys practicing from offices in Atlanta, Boston, Charleston, Charlotte, Columbia, Greenville, Myrtle Beach, Raleigh, Tallahassee, Washington, and Winston-Salem. For more information on the Firm, go to www.nelsonmullins.com, or call 803.255.9794.