Lancaster Pollard

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					Banking Veteran Anthony J. Taddey Returns to Health Care Finance Roots; Leads
Investment Banking Firm’s Expansion into California

COLUMBUS, Ohio (Aug. 31, 2009) – Lancaster Pollard, a boutique investment bank focused on
health care and housing finance, is continuing its market growth and geographic expansion with
the opening of a new Western region office in Los Angeles. The Columbus, Ohio-based firm’s
seventh location will be managed by veteran public finance banker Anthony J. Taddey,
Managing Director. Lancaster Pollard provides bond underwriting and federally-insured
mortgage financing to hospitals, senior living and affordable housing providers nationwide and
has clients in 39 states.

Mr. Taddey brings a wealth of experience and relationships in public finance to the growing
company, whose platform of services was designed to provide optimal capital financing
solutions to hospitals, nursing homes and senior housing providers regardless of their size and
under all market conditions. Mr. Taddey will serve as both its senior banker and regional
manager and, as such, will be responsible for all aspects of the firm’s growing platform of capital
financing and investment advisory services to the California market. Several additions to
Lancaster Pollard senior banking staff are expected over the next few months in both the new
California office as well as the firm’s six other offices.

“Most investment banks can offer only a more limited array of bond financing options to their
clients and thus are more captive to changing market conditions,” Taddey said. “Lancaster
Pollard is uniquely structured, licensed and positioned to fund acquisition, expansion,
rehabilitation and refunding programs using a variety of government-supported and capital
markets financing options including those sponsored by HUD, USDA, the Federal Home Loan
Banks, as well as taxable and tax-exempt bonds and conventional bank financing. “Here in
California, many hospitals are outdated due to their age or changing modes of health care
delivery, and many do not meet seismic standards, thereby facing loss of their accreditation.
This is an underserved market, and it demands a portfolio of specialty services. Lancaster
Pollard’s proven track record in providing optimal financing solutions speaks for itself. They work
very hard as a trusted adviser to their clients, and they have the required array of financing
options internally available in their toolbox to get it done.”

The move is a return to Mr. Taddey’s early career passion and great interest in health care
finance. While heading Merrill Lynch’s Healthcare Finance Department in New York, he was a
pioneer in the use of both tax-exempt bonding and various federally supported programs
including the FHA Section 242 hospital mortgage insurance program, in which Lancaster Pollard
is a market leader. Over his 25-year career, Mr. Taddey has also served as a managing director
and Western region manager while at BancAmerica Securities and Morgan Stanley.

 “The respect the industry has for Tony is well known and well founded,” Lancaster Pollard Chief
Executive Officer Thomas R. Green said. “He knows the nuances of California public finance,
and he cares about these sectors. Lancaster Pollard’s ongoing strength and growth despite
current market conditions are directly attributable to the flexibility provided by our portfolio of
financial options and to our strong team of smart and experienced people. We’re glad Tony is
here to build on that tradition.”

Columbus, Ohio-based Lancaster Pollard has offices in Atlanta, Austin, Denver, Kansas City,
Kan., and New York. It has been named to the “Inc. 5,000” list of the fastest-growing private
companies in the nation, and it maintains its position at the top of lender league tables for
federal housing and senior living lending programs as well as for traditional underwriting and
credit enhancements. Principals Thomas R. Green and T. Brian Pollard were named Ernst &
Young Entrepreneurs of the Year in 2006 and are frequent speakers at health care and housing
conferences nationwide.

About Lancaster Pollard

Lancaster Pollard helps health care, senior living, affordable housing and private education
organizations expand and improve their services by providing financial advice and financing
solutions. The firm offers a full range of investment banking, financial advisory, mortgage
banking and investment advisory services. As a leading underwriter of bonds and mortgages,
Lancaster Pollard has earned a reputation for delivering sound financial advice and the most
cost-effective financing options available in the market.

Headquartered in Columbus, Ohio, Lancaster Pollard consists of three affiliated companies and
has regional offices in Atlanta, Austin, Denver, Kansas City, Los Angeles and New York.
Lancaster Pollard & Co. underwrites debt securities and is a registered broker/dealer with the
Securities and Exchange Commission (SEC) and a member in good standing of the Financial
Industry Regulatory Authority (FINRA), Municipal Securities Rulemaking Board (MSRB) and
Securities Investor Protection Corporation (SIPC). Lancaster Pollard Mortgage Company
provides mortgage insurance to support capital funding initiatives through government agencies,
including the Department of Housing and Urban Development/Federal Housing Administration
(HUD/FHA), Government National Mortgage Association (GNMA), Fannie Mae, and U.S.
Department of Agriculture (USDA) and is a U.S. Department of Housing and Urban
Development Multifamily Accelerated Process (MAP) lender. Lancaster Pollard Investment
Advisory Group, an SEC-registered investment advisor, helps nonprofit organizations create the
financial means to last the life of their missions by managing total financial risk rather than just
investment-associated risk.

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