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FBR Capital Markets history
FBR Capital Markets company history timeline
In 1972 he tried to land a job with a stock brokerage house but by his count was turned down by two dozen firms.
Finally in 1973 he was hired as a retail broker by the Washington, D.C. firm of Legg Mason Wood Walker Inc., where he initially concentrated on the sale of gas, oil, and casino stocks.
1989: The firm is formed as a partnership.
Convinced that some failing banks could be saved if investors would pour in some cash, FBR raised $30 million to bail out Ameribanc of Annandale in 1992.
1992: FBR arranges the recapitalization of Glendale Federal.
In 1994 FBR formed a real estate group, bringing in veterans William R. Swanson and James D. Locke to head the operation.
FBR's first play in the technology arena was its 1996 underwriting of an initial stock offering for America's first Internet bank, Security First Network Bank of Pineville, Kentucky.
In October 1997 it announced that after managing numerous IPOs, the firm itself would now go public.
Despite concerns that 1998 would offer fewer IPO opportunities, especially among mortgage companies, FBR enjoyed a stellar start to the year.
FBR regained some momentum in 1999 when it announced a new Internet venture, FBR.com, what the firm boasted would be the first publicly owned online investment bank.
On a different front in 2000, FBR initiated an acquisition of Money Management Associates, a Bethesda, Maryland, company that owned Rushmore Trust & Savings and controlled $920 million in assets.
The $27.2 million deal was finalized in March 2001, and the assets were combined under the name of FBR National Bank, an FBR Group subsidiary.
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FBR Capital Markets competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| Legg Mason | 1899 | $2.9B | 3,059 | - |
| Citi | 1812 | $74.3B | 210,000 | 1,117 |
| Morgan Stanley | 1935 | $3.0B | 68,097 | 1,169 |
| Primerica | 1977 | $602.0M | 2,104 | 70 |
| CME Group | 1848 | $6.1B | 4,500 | 43 |
| Charles Schwab | 1971 | $1.6B | 32,000 | 674 |
| ASSET CONSULTING GROUP | 1989 | $770,000 | 4 | 113 |
| Piper Jaffray | 1895 | $1.5B | 1,500 | 96 |
| Investments & Wealth Institute | 1985 | $5.5M | 61 | - |
| Moelis & Company | 2007 | $1.2B | 900 | 38 |
FBR Capital Markets history FAQs
Zippia gives an in-depth look into the details of FBR Capital Markets, including salaries, political affiliations, employee data, and more, in order to inform job seekers about FBR Capital Markets. The employee data is based on information from people who have self-reported their past or current employments at FBR Capital Markets. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by FBR Capital Markets. The data presented on this page does not represent the view of FBR Capital Markets and its employees or that of Zippia.
FBR Capital Markets may also be known as or be related to FBR & CO., FBR CAPITAL MARKETS CORP and FBR Capital Markets.