Allfirst
For over seventy-five years, Allfirst Bank has provided superior cost effective Corporate Trust Services in the Commonwealth of Pennsylvania and nationwide.
Primary services include: - Indenture Trustee
- Owner Trustee
- Successor Trustee
- Paying Agent/Registrar
- Escrow Agent
- Escrow Deposit Agent
- Investment Agent
- Custodian
Contacts:
Bernie Kelly
Ron Kruppa
Address:
Allfirst Bank
Mail Code:001-02-11
213 Market St.
Harrisburg, PA 17101
Phone:
800.255.2828
800.624.4116
Website:
www.allfirst.com
E-mail:
ronald.kruppa allfirst.com
BLANK ROME COMISKY & McCAULEY LLP
Consolers at Law
Blank Rome Comisky & McCauley LLP is a full service law firm providing the full range of public finance services. The firm is headquartered in Philadelphia, Pennsylvania, with additional offices in Media and Allentown, Pennsylvania; Cherry Hill and Trenton, New Jersey; Wilmington, Delaware; Baltimore, Maryland; Washington, DC; and Boca Raton, Florida.
Contact:
Joan N. Stern
Chairperson
Public Finance Dept.
Address:
Blank Rome Comisky & McCauley LLP
One Logan Square
Philadelphia, PA 19103
Phone:
215.569.5526
Website:
www.blankrome.com
Chase
At Chase Capital Markets Fiduciary Services (CMFS), we provide value- added services from the planning stage of corporate and municipal issues to long after maturity. To get information about our Trust, Agency, and Escrow services, please call any of the following CMFS offices:
New York, NY 212-946-3043
Austin, TX 512-479-2562
Birmingham, AL 205-968-0501
Boston, MA 617-557-8096
Cincinnati, OH 513-455-5801
Cleveland, OH 216-274-1601
Dallas, TX 214-965-3405
Edison, NJ 732-603-2819
El Paso, TX 915-546-6528
Harrisburg, PA 717-236-0438
Houston, TX 713-216-8844
Louisville, KY 502-566-6901
Philadelphia, PA 215-988-1306
Pittsburgh, PA 412-291-2038
San Antonio, TX 210-841-5842
San Francisco, CA 415-954-4101
Seattle, WA 206-903-4902
Wilmington, DE 302-984-4987
Commerce Capital Markets
Commerce Capital Markets,
a wholly owned subsidiary of Commerce Bancorp, is headquartered in Philadelphia and has regional offices in Cherry Hill, NJ; Pittsburgh, PA: Boston, MA; Fort Lauderdale, FL; and San Francisco, CA. Commerce Capital is the Mid-Atlantic region's largest regional distributor of municipal bonds and notes with trading and sales in excess of $14 billion. Commerce Capital also was the nation's second most active underwriter of short-term municipal bonds in 1998.
Contact:
Denis Carlson
Address:
Commerce Capital Markets, Inc.
1900 Market St.
Philadelphia, PA 19103
Phone:
215.568.0900
ECKERT SEAMANS
Attorneys at Law
Eckert Seamans Cherin & Mellott, LLC is a full-service national law firm of over 220 attorneys with offices located throughout the eastern United States. The firm's Public/ Municipal Finance Department represents issuers, underwriters, lenders, trustees and borrowers in complex public and private debt offerings. The firm's representation includes all areas relating to taxable and tax-exempt financings, from general obligation debt to private activity revenue issues to work-outs involving many types of projects and financing structures.
Contact:
C. Peter Carlucci
Address:
Eckert Seamans Cherin & Mellott, LLC
213 Market St., 8th Fl.
Harrisburg, PA 17108
Phone:
717.237.6019
Website:
www.escm.com
E-mail:
pc escm.com
FGIC
A GE Capital Company
Financial Guaranty Insurance Company is a leading insurer of municipal securities. Through its affiliates, FGIC also offers liquidity facilities for variable rate bond programs and municipal investment products for municipalities, states, and local authorities.
FGIC's claims paying ability is rated Aaa/AAA/AAA, from Moody's Investors Service, Standard & Poor's Ratings Group, and Fitch IBCA, Inc., respectively.
To find out more about how our companies can work for you, please visit our website at www.fgic.com
Contact:
Bill Dorante
Address:
Financial Guaranty
Insurance Company
115 Broadway
New York, NY 10006
Phone:
212.312.3067
Website:
www.fgic.com
First Union Securities
Backed by the sixth largest bank in the United States, First Union Securities, a premier financial services company for growing, mid-sized companies, provides products and services including investment banking, mergers and acquisition advisory, fixed income, risk management, asset management, mutual funds, brokerage and insurance. The Municipal Group, which consists of 174 professionals in 15 offices, includes Public Finance, Municipal Finance, Sales, Trading and Research. The Municipal Group incorporates all of the necessary resources to serve the financing needs of municipal bond issuers throughout the country.
Contact:
Kathy Clupper
Address:
First Union Securities, Inc.
Centre Square West, 19th Fl.
1500 Market St.
Philadelphia, PA 19102
Phone:
215.973.5378
FITCH IBCA
The International Rating Agency
Fitch IBCA is a leading international rating agency, with the resources, size, scope and depth of expertise to compete successfully in all aspects of credit assessment. With headquarters in London and New York, Fitch IBCA combines a unique understanding of differences in culture, language, accounting systems and industrial sectors to provide a truly comprehensive service to the world's financial markets.
Fitch IBCA U.S. Public Finance Group seasoned analysts provide in-depth expertise and superior, timely research for all issuers of municipal debt. With an average experience of over 15 years in the business, Fitch IBCA's public finance senior analysts have observed how state and local governments weather business cycles over time.
We understand regional economics; the differences, the subtleties, and factor them into our ratings.
Fitch IBCA (Continued)
Stable ratings, with a long-term view. And a process you can understand.
Contact:
Sheila Robinson
Address:
Fitch IBCA
One State Street Plaza
New York, NY 10004
Phone:
212.908.0632
Website:
www.fitchibca.com
E-mail:
srobinson fitchibca.com
FSA
FSA offers the highest quality Aaa/AAA/AAA bond insurance for new-issue and secondary-market municipal bonds. Among the major bond insurers, FSA has one of the highest Standard & Poor's margins of safety. The company is committed to providing creative, responsive service. Headquartered in New York, FSA has a fully staffed western regional office, in San Francisco, as well as a southern marketing office in Dallas.
Contacts:
Andrea Bozzo-212.339.3771
Stephen DeGroat-212.339.3444
Address: 350 Park Avenue
New York, NY 10022
Website:
www.fsa.com
NationalCity
Serving the public's banking needs since 1845, National City offers a full range of corporate trust, investment, asset management, brokerage, insurance, personal trust and traditional banking products. In supporting the corporate and municipal debt markets, our Corporate Trust and Custody professionals provide top-quality administrative and operational services from the Mid-Atlantic region to the Midwest.
Contact:
Bob Mialki
NationalCity (Continued)
Address:
National City Center
Corporate Trust
20 Stanwix St.
Pittsburgh, PA 15222-4802
Phone:
412.644.8401
E-mail:
bob g mialki national-city.com
PaineWebber Incorporated
Invest With Intelligence
PaineWebber Incorporated ( PaineWebber ) is a leading underwriter of municipal bonds both nationally and in the Commonwealth of Pennsylvania. Over the last two years PaineWebber's Municipal Securities Group has been the second leading underwriter of municipal bonds nationally. In 1999 PaineWebber is the leading underwriter for negotiated municipal bond transactions in the Commonwealth of Pennsylvania. PaineWebber has a municipal securities group office, with 9 professionals, in Philadelphia to better serve our Pennsylvania clients.
Contact:
Ralph Saggiomo
Address:
PaineWebber
Centre Square West, 32nd Fl.
1500 Market St.
Philadelphia, PA 19102
Phone:
215.496.2112
Website:
www.painewebber.com
E-mail:
rsaggiomo painewebber.com
Pepper Hamilton LLP
Attorneys at Law
Pepper Hamilton LLP, with more than 350 lawyers in nine offices, is a multi-practice law firm serving national and international companies, emerging businesses, individuals, government agencies and nonprofit institutions. We provide a full range of legal services to all sectors of the public finance industry, including municipal, governmental, public agency, investment banking, lending, credit enhancement, education, health care, housing and manufacturing.
Contact:
David A. Franklin
Address:
Pepper Hamilton LLP
3000 Two Logan Square
Eighteenth and Arch Streets
Philadelphia, PA 19103-2799
Phone:
215.981.4521
Website:
www.pepperlaw.com
E-mail:
franklind pepperlaw.com
PNC CAPITAL MARKETS
PNC Capital Markets has been the leading underwriter of Pennsylvania municipal bonds and notes since 1995 and is one of the largest investment banks in the mid-Atlantic region. With a focus on quantitative analysis and creativity, PNC Capital Markets offers a wide variety of municipal debt structures and products to municipal borrowers and buyers in the areas of Healthcare, Higher Education, Government, Governmental and Municipal Authorities and Agencies, School Districts, Housing and Redevelopment, and Middle Market IDBs. PNC has enjoyed a long-standing, superior, national reputation in variable rate products.
With a public finance staff of twenty-three, combined with 6 municipal traders, 15 institutional salespeople and a retail sales network of over 700 registered representatives, no one covers the diversified and specialized areas of Pennsylvania municipal finance more effectively than PNC Capital Markets.
Philadelphia: 215-585-6417
Pittsburgh: 412-762-5098
Wilkes-Barre: 570-831-2701
Public Financial Management
Financial and Investment Advisors
Public Financial Management, Inc. is the leading municipal financial and investment advisory firm in the United States. PFM engages in three primary business activities: (i) debt transaction management; (ii) investment advice and portfolio management for cash reserves, bond proceeds and working capital and; (iii) strategic and management consulting concerning operating and capital budgets.
STANDARD & POOR'S
Standard & Poor's ratings help investors make well-informed financial decisions. Since 1916, Municipalities, School Districts, Public and Quasi- Public Agencies, Government-Owned Facilities, Not-for-Profits worldwide have relied on Standard & Poor's ratings to establish their credit quality to obtain cost-effective financing.
Each Standard & Poor's rating incorporates the analytical excellence, objectivity and integrity that have made our name a global standard. Our Local and Regional Government Ratings Group has one of the largest and most senior staffs of credit professionals in the industry - 50 public finance analysts located across the United States.
Standard & Poor's rates more than 1,300 debt issues of the Commonwealth of Pennsylvania and its cities, counties, townships, municipal utility authorities and school districts. For more information, to discuss a financing or specific credit issue, speak to a Standard & Poor's Public Finance Analyst today.
Contact:
Diane Brosen
Address:
Standard & Poor's
55 Water St.
New York, NY 10041
Phone:
212.438.7973
Website:
www.standardandpoors.com/ratings
E-mail:
diane brosen standardandpoors.com
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Financing and
Debt Strategy
Pennsylvania
Housing Finance Agency
Created by an act
of the General Assembly in 1972, the Pennsylvania Housing Finance Agency has grown to become the state's major provider of funds for affordable housing programs and assistance. PHFA has provided more than five billion dollars of mortgage financing and tax credits for 80,000 single family homes and 55,000 apartments; and has helped 25,000 homeowners save their homes from foreclosure.
The Agency is governed by a 14 member Board comprised of the Secretary of Banking who chairs the Agency, the Department of Community and Economic Development, the Secretary of Public Welfare, the State Treasurer, six private citizen members appointed by the Governor and confirmed by the Senate, and four members who are appointed by the majority and minority leaders of the House and Senate.
Agency programs can be divided into three broad categories: Single Family Homeownership, Multifamily Rental Housing Development; and foreclosure abatement through the Homeowners' Emergency Mortgage Assistance Program. The professional staff executes these efforts.
William C. Bostic, Executive Director, provides overall management and direction of the organization. Brian Hudson is the Deputy Executive Director for Finance and Administration and Chief Financial Officer. Two Assistant Executive Directors, Dave Evans and Don Plunkett, respectively oversee PHFA's multifamily rental housing and single family operations. Rebecca Peace is the General Counsel.
These executives average nearly 20 years service with the Agency. They have the responsibility of supervising a staff of 232 with expertise in various fields including architecture, finance and investment, accounting, legal matters, housing development, construction, property management, information technology, loan underwriting and mortgage servicing.
The Agency's securities are among the highest rated of their kind, in many cases enjoying ratings of AAA and AA+ by Standard & Poor's Rating Services, and AA2 by Moody's Investor Services. PHFA was the first state housing finance agency in the nation to receive the Top Tier designation for its bonds, and it enjoys a general obligation rating of AA.
Higher ratings on Agency offerings have the effect of lowering the cost of home mortgage loans and apartment rents, thereby making housing more affordable for Pennsylvania citizens.
Although PHFA's role has evolved over its 27-year existence in response to changing needs, its primary focus remains the same: helping Commonwealth citizens acquire decent, affordable homes and apartments. This contribution to housing enhances economic activity by creating jobs and income, and by generating tax revenues for state and local government, as well. The development, improvement, preservation, and long-term viability of living units - and their relationship to local businesses, institutions and public facilities - are key economic development issues for Pennsylvania.
PHFA does not work in a vacuum. Its very motto, Together creating possibilities, acknowledges the fact that to offer the benefits of good, affordable homes and apartments to Pennsylvania citizens requires the cooperation and support of many. As William C. Bostic has stated: We have learned that our finite resources must be combined with the capabilities of others.
It is important to note, then, that the Agency enjoys the support of a wide spectrum of individuals and organizations interested in good housing. These include Governor Ridge and his Administration, the State Legislature, the Pennsylvania Congressional Delegation, the Department of Community and Economic Development, HUD, lenders, builders, real estate professionals, nonprofit housing organizations, counseling agencies, multifamily developers, low income housing advocates and ordinary citizens cooperating to help fill a basic need: the need for a place to live.
For more information, contact the PHFA Website, www.phfa.org
