Financial Institutions Group

The Financial Institutions Group is a relationship-oriented practice that works with a select number of clients to provide exceptional service. Our operating philosophy has always been that our clients' interests come first. We have extensive experience in capital raising including common stock, preferred stock and trust preferred securities, as well as merger and acquisitions advisory work.

We work with clients on a highly personalized basis and seek to obtain the most advantageous terms available in the marketplace. We structure our engagements to incent us to exceed your expectations. Janney's record of success is due to its extensive experience, sound knowledge and strong understanding of our markets. We are committed to achieving results that are fully consistent with the goals established by you.

For more information, contact:

Edward J. Losty
Senior Vice President
(215) 665-4491
elosty@jmsonline.com

Jay L. Junior
Managing Director 
(215) 665-4497
jjunior@jmsonline.com


Mr. Losty joined Janney Montgomery Scott in 1995.  As Director of Financial Institutions, he oversees transactions in the areas of banking, insurance, specialty finance and asset management.  Over the course of his career, he has completed more than 100 transactions of mergers and acquisitions, community and public offerings of equity and debt, conversion mergers, branch purchases and sales, thrift mutual to stock conversions, mutual holding company formations, valuations and financial advisory services.  Prior to his affiliation with Janney, he had over 10 years of financial institutions experience with Wheat First Butcher Singer, Ryan Beck & Company and Crestar Securities Corporation.  He is an active member of the Financial Managers Society and various state trade groups, and he has published Annual and Quarterly Thrift and Bank Reviews.

Mr. Losty graduated cum laude from Villanova University with a B.S. in Accounting and Finance.

Mr. Junior joined Janney Montgomery Scott in 1995.  He is a senior member of the financial services practice that advises banks, thrifts, specialty finance and insurance companies throughout the greater Mid-Atlantic region.  His responsibilities include marketing the firm’s services, initiating relationships with prospective corporate finance clients and managing client transactions in the areas of mergers and acquisitions, equity and debt offerings, branch purchases and sales, and strategic options.  In his career, he has produced $1.6 billion in total value for merger and acquisition clients and raised over $1.2 billion for clients in capital underwriting for clients. He was formerly with Berwind Financial Group, L.P., and Ryan, Beck & Company, Inc., where he specialized in financial institutions.  He began his career over 15 years ago with SNL Securities, LLC.  He is a member of the local Financial Managers Society and former Finance Chair for the Caring People Alliance.  He also served on the Children and Youth Goal Committee of the United Way.

Mr. Junior holds a B.A. from Swarthmore College.