Renaissance Financial Corp. Works With Advantage Capital Partners to Move Headquarters...

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Mon May 18, 2009 10:54am EDT

Renaissance Financial Corp. Works With Advantage Capital Partners to Move
Headquarters to City

Missouri New Markets Development program funding enables financial service
firm to expand and remain headquartered in St. Louis

ST. LOUIS, May 18 /PRNewswire/ -- Advantage Capital Partners, a leading
venture capital and small business finance firm, provided $7 million in
financing to Renaissance Financial Corp., an independently owned and operated
financial advisory service firm, headquartered in St. Louis. Advantage Capital
provided funding in connection with the Missouri New Markets Development
program and the federal New Markets Tax Credit program. The funds will be used
to support Renaissance Financial's continued expansion and move into a new
state-of-the-art facility in St. Louis city.

"This is a great use of the Missouri New Markets program," said Louis T.
Dubuque, managing director at Advantage Capital.  "The company expects to grow
its St. Louis office to more than 200 employees by 2015, at a rate of
approximately 20 new advisors and staff per year. This is great news at a time
when employment in our region is down."

"The Missouri New Markets program has been very beneficial to numerous St.
Louis companies and I'm pleased that the program enabled Renaissance to remain
in Missouri," said Rep. Rachel Storch (D) St. Louis.  "In these difficult
economic times, keeping companies and growing jobs are key to our region's
success. Renaissance will be a part of that success and I welcome them to my
district." 

As part of the company's plans for the growth, Renaissance Financial recently
moved to a newly constructed building located near Highway 40 and Hampton
Avenue, in the Highlands Plaza Development.  The building is owned by a group
led by Renaissance Financial and Balke Brown Associates. 

"We are committed to serving the St. Louis community and the funding from
Advantage Capital and the Missouri New Markets program positions our company
to continue its growth trajectory," said Greg Keller, CEO of Renaissance
Financial. "Our recent move to a new facility in St. Louis city allows us to
expand our resources and double our office capacity."

Renaissance Financial (www.renaissancefinancial.com) provides customized
solutions to assist individuals and businesses in reaching their financial
goals. The financial services firm offers estate planning, individual
financial services, investments, protection planning and retirement services
for businesses and high net worth individuals. Renaissance Financial is based
in St. Louis, with additional offices in Omaha, Nebraska; and Kansas City,
Kansas. Founded in 1994, the firm has grown to more than 100 employees with
more growth planned in the future.

About Advantage Capital Partners
Advantage Capital Partners (www.advantagecap.com) is a leading venture capital
and small business finance firm focused on early stage companies and other
investments supporting state and local economic development efforts. With
offices and partners in St. Louis, New Orleans, Austin and other U.S. cities,
Advantage has raised more than $1 billion in capital since 1992 and invested
in companies located in geographic areas underserved by traditional venture
capital.

About the Missouri New Markets Development program
Enacted in 2007, the Missouri New Markets Development program encourages
investment in promising small businesses located in distressed communities
throughout the state. The program enables up to $186 million of capital
investment in Missouri's small businesses. The state program attracts
investment in low-income communities through a state tax credit modeled after
the federal New Markets Tax Credit. The goal of the program is to attract
large, long-term investors to Missouri's low-income communities, promoting new
expansion, creating new job opportunities and building on existing growth in
the state.


SOURCE  Advantage Capital Partners

Dana Minaudo of Advantage Capital Partners, +1-314-725-0800,
dminaudo@advantagecap.com
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