Stone & Youngberg Grows Chicago Institutional Sales and Trading Group

Firm Hires Jeffrey T. Parker as Vice President in Midwest Office
SAN FRANCISCO--(Business Wire)--
Stone & Youngberg, a leading financial services firm and the
nation's top underwriter of California municipal bonds(1), announced
today that Jeffrey T. Parker will join the firm's Chicago-based
Institutional Sales and Trading Group as a vice president. Stone &
Youngberg opened its Chicago office in 2006 and has steadily grown its
presence in the Midwestern region.

"Jeff brings a wealth of experience to our institutional municipal
sales team," said Rich Beames, sales manager and a managing director
in the firm's Institutional Sales and Trading Group. "In addition, he
is uniquely positioned to access a robust network of clientele that
will enhance Stone & Youngberg's continued growth in the Midwest."

Jeff Parker was most recently at RBC, where he was a vice
president in the firm's Chicago-based municipal sales group. He brings
12 years experience in municipal sales to Stone & Youngberg, which he
will leverage to assist the firm in expanding its reach in the Midwest
region. Parker holds a Bachelor of Arts degree in Business/Economics
from Wheaton College.

Stone & Youngberg, founded in 1931, is one of the oldest private
investment banks operating in the U.S. The firm offers underwriting,
advisory, and investment services across the country to state and
local governments, non-profit organizations, and institutional and
private investor clients through its offices in San Francisco, Los
Angeles, San Diego, and Big Bear Lake, CA, and in New York, Chicago,
Phoenix, Richmond, VA, and Annapolis, MD.

For more information on the Stone & Youngberg, visit www.syllc.com

About Stone & Youngberg: Stone & Youngberg Holdings LLC is a
financial services company providing a range of products and services
through three subsidiary businesses. Stone & Youngberg LLC, founded in
1931 and member FINRA/SIPC, specializes in the origination and sale of
fixed-income securities. The firm led or co-managed the sale of 214
municipal bond issues totaling $4.7 billion in 2007.(1) In addition to
bond underwriting and sales, Stone & Youngberg provides investment
services to individuals, institutions, and government agencies and
offers a wide variety of tax-exempt and taxable securities. S&Y Asset
Management LLC is Stone & Youngberg's wealth management company and
develops investment portfolios and products tailored to affluent
individuals. S&Y Capital Group LLC is a private real estate
investment, development, and consulting company.

Stone & Youngberg is headquartered in San Francisco with offices
in Los Angeles, San Diego, New York, Chicago, Phoenix, Richmond, VA,
Annapolis, MD, and Big Bear Lake, CA. Additional information is
available at www.syllc.com or by calling 800-447-8663.

(1) Source: Thomson Reuters 2008.

Stone & Youngberg LLC
Steve Hall, 415-445-2656
shall@syllc.com
or
Pierce Communications Group LLC
Kimberley Pierce, 510-326-0058
kimberley@piercecommgroup.com

Copyright Business Wire 2008