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D.A. Davidson Hires Vice Presidents to Special District GroupD.A. Davidson & Co. announced the hiring of a senior vice president and two vice presidents who will join the firm's growing Special District Group, a nationally recognized team of capital market professionals focused on financing public infrastructure for land development through the issuance of municipal bonds. Pat Colleran will serve as senior vice president and Sam Hartman will serve as a vice president on the Special District Group's banking team, with William Norman joining as a vice president on the quantitative analytics team. The addition of the three experienced professionals represents the continued expansion of the firm's industry-leading special district work, while allowing clients to fully leverage the distribution strength and resources of D.A. Davidson's fixed income platform. D.A. Davidson's Special District Group works with special districts and developers to structure turnkey and tailored bond transactions to optimize the best economic outcome for clients, driving groundbreaking financial solutions with hands-on partnerships from project inception to completion. "The success we're experiencing is a true testament to the expertise of our Special District Group and we are expanding our best-in-class team that is built to deliver a superior client experience and the most efficient financing," said Brooke Hutchens, managing director at D.A. Davidson. "As we continue our expansion into markets across the nation, the collective experience of these vice presidents will directly contribute to the strength of existing and new client relationships and unlock new financing opportunities." Prior to joining D.A. Davidson, Pat Colleran was a senior vice president at Vectra Bank Colorado, where h was responsible for the purchase of municipal bonds, notes and leases directly from governmental issuers throughout Colorado and New Mexico. In this role, Colleran collaborated regularly with governmental entities, municipal advisors, bond attorneys and trustees to identify, structure and fund tax-exempt and taxable transactions to meet capital needs. Colleran was also previously a financial analyst for Wells Fargo (News - Alert) Securities. The former vice president of portfolio investments at Ranch Capital LLC, a private equity firm, Sam Hartman was responsible for overseeing the financial and operational performance of the firm's real estate investments. He specialized in underwriting and executing ground-up residential, mixed-use and commercial development projects. Hartman was instrumental in securing new equity, bank debt and public financing for masterplan communities and commercial projects across the western United States. In his new role at D.A. Davidson, Hartman will be heavily involved in growing the Special District Group's team in Utah as the group continues its expansion in this market. William Norman joins D.A. Davidson as a vice president for the Special District Group's long-tenured quantitative team that models new and innovative deal structures. Prior to his work with D.A. Davidson, Norman was a manager at Baker Tilly Municipal Advisors, LLC, where he developed analytical public finance solutions, including project fund sizing, refunding and escrow account structuring, and solving to the best outcomes for issuers by making the most efficient use of complicated and varied revenue streams. D.A. Davidson & Co.'s Fixed Income Capital Markets group is a national leader in raising capital through fixed income banking, distribution and depository strategy. With 33 locations in 19 states, the group is consistently ranked among the top firms in the country. The fixed income team serves clients in public finance and taxable debt issuance and maintains a diverse sales and trading group interacting with taxable and tax-exempt investors including banks, credit unions, insurance companies, bond funds, money managers and trust companies. Within the past year, D.A. Davidson's Special District Group has successfully completed more than 100 transactions totaling more than $2 billion to fund clients' development projects. About D.A. Davidson Companies D.A. Davidson Companies is an employee-owned financial services firm offering a range of financial services and advice to individuals, corporations, institutions and municipalities nationwide. Founded in 1935 and headquartered in Montana, with corporate offices in Denver, Los Angeles, Portland and Seattle, the company has approximately 1,400 employees and offices in 28 states. Subsidiaries include: D.A. Davidson & Co., the largest full-service investment firm headquartered in the Northwest, providing wealth management, investment banking, equity and fixed income capital markets services, and advice; Davidson Investment Advisors, a professional asset management firm; D.A. Davidson Trust Company, a trust and wealth management company; and Davidson Fixed Income Management, a registered investment adviser providing fixed income portfolio and advisory services. For more information, visit dadavidson.com.
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