Banking Veteran Anthony J. Taddey To Lead Investment Banking Firm’s Expansion into California

Lancaster Pollard, a boutique investment bank focused on health care and housing finance, is announcing the expansion of its operations 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. 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. 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.

“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 “Here in California, many hospitals are outdated due to their age or changing modes of health care delivery, and many do not meet seismic standards, thereby facing loss of their accreditation.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.”

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