Delaware Place Bank, Chicago Develops Strategic Relationship With Mesirow Financial

CHICAGO, Aug. 4 /PRNewswire/ -- Delaware Place Bank, Chicago and Mesirow Financial today announced that they have formed a strategic relationship to strengthen Delaware Place Bank's offering of services to its clients.  Delaware Place Bank clients will be able to access Mesirow Financial for the purpose of meeting a client's non-FDIC insured investment needs.  This relationship will raise the visibility and awareness of Delaware Place Bank to Mesirow Financial's professionals, which may lead to referrals of Mesirow Financial clients to Delaware Place Bank for business and private banking services and FDIC-insured financial products.

"We are delighted to further develop our relationship with Chicago's own Mesirow Financial to better meet our client's non-deposit investment needs.  The firm is the ideal addition to our service offerings to our clients, with more than $40 billion in assets under management, a range of financial services, and extensive experience with high net worth individuals and business owner-operators who comprise a significant portion of our client base," said Theodore J. Aldrich, president and chief operating officer of Delaware Place Bank.  "We believe that their unbiased, independent approach to investment management and unparallel client commitment will serve our clients well."

"It's important to have strong relationships with the leading providers of banking services," said Julie E. Vander Weele, senior managing director, Investment Advisory, at Mesirow Financial. "Our firms share a commitment to offering clients a range of solutions to their financial needs."

Delaware Place Bank clients can gain investment advice from Mesirow Financial Investment Advisory, an SEC Registered Investment Advisor, which manages more than $4 billion in assets, primarily for high net worth individuals.  Another outgrowth of this relationship may be for Mesirow Financial Investment Advisory to refer select clients in need of business and private banking services and FDIC-insured investments to Delaware Place Bank.  Delaware Place Bank has a comprehensive line of loans, cash management services and insured depository products as well as extensive experience in meeting the business and personal banking needs of owner-operators and high net worth individuals.

Mesirow Financial is not affiliated with Delaware Place Bank.  Securities, advisory and insurance including annuities and mutual funds:

• are NOT FDIC insured
• are NOT deposits or other obligations of any Bank and are NOT guaranteed by any Bank; and,
• Are subject to risks, including the possible loss of principal amount invested.

About Delaware Place Bank

Delaware Place Bank, which had assets of $304.8 million at March 31, 2010, is focused on the business banking needs of Chicago-area companies and the private banking needs of individuals and professionals. The bank is located at 190 East Delaware Place, Chicago. Additional information regarding Delaware Place Bank can be found on the Company's website at www.delawareplacebank.com.

About Mesirow Financial

Mesirow Financial is a diversified financial services firm headquartered in Chicago. Founded in 1937, the Company is an independent employee-owned firm with offices across the country and in London. With expertise in Investment Management, Global Markets, Insurance Services and Consulting, Mesirow Financial strives to meet the financial needs of institutions, public sector entities, corporations and individuals. For more information about Mesirow Financial, visit its Web site at mesirowfinancial.com.

SOURCE Delaware Place Bank