Hovde Financial has hired two investment bankers, in Beverly Hills, Calif., and Chicago, as the community bank advisor braces for more deals.
Daniel L. Pake has joined Hovde as a managing director in California after 10 years with BB&T's (BBT) capital markets group.
Brian Marks has been named a vice president in Chicago. He worked at Hovde from 2003 to 2006 but left the firm to go to business school and most recently worked for Hovde rival Keefe, Bruyette & Woods (KBW).
Hovde now has about 25 investment bankers, Steven Hovde, the firm's president and chief executive, says. Its headquarters is in the Chicago area, and it has other offices in Florida, Texas and Maryland.
"We want to add to our bench strength," Hovde says. "Our sense is that slowly but surely M&A is starting to come back. We're certainly starting to see a pick-up on the West Coast."