Lancaster Pollard
Encyclopedia
Lancaster Pollard is a boutique investment banking firm
based in Columbus, Ohio
, United States
, that helps health care
, senior living and affordable housing
organizations expand their services by providing financial advice and financing solutions. Lancaster Pollard provides investment banking
, mortgage banking
and financial advisory services to community hospitals, senior living organizations and affordable housing
providers. As of October 2011, the firm had over 972 closed and engaged finance and refinance projects totaling over $7.4 billion in PAR amount.
Lancaster Pollard is an independent firm, and is not owned by or affiliated with any large commercial banks.
Lancaster Pollard was formed in 1988 and consists of three companies—Lancaster Pollard & Co., which provides investment banking and consulting
services; Lancaster Pollard Mortgage Co., which provides government-backed loans; and Lancaster Pollard Investment Advisory Group, an investment advisor
for nonprofit organizations. The company was named for its founders, T. Brian Pollard and Marc Lancaster, who left the business in 1995. Pollard serves as the President/CEO of Lancaster Pollard Mortgage Company and as Senior Managing Director of Lancaster Pollard & Co. The CEO is Tom Green, formerly of Firstar Bank Central Ohio, now a $1.1 billion region of U.S. Bancorp.
Lancaster Pollard & Co. underwrites taxable and tax-exempt bonds
and is a registered broker/dealer with the Securities and Exchange Commission (SEC) and a member in good standing of the Financial Regulatory Authority (FINRA), Municipal Securities Rulemaking Board
(MSRB) and Securities Investor Protection Corporation
(SIPC).
In the health care sector, Lancaster Pollard has provided capital financing to such clients as Blanchard Valley Health System, Fremont Memorial Hospital
, Good Samaritan Hospital
, Hopedale Medical Complex
, Jersey Community Hospital
, Logansport State Hospital
, and many other hospitals in Ohio, hospitals in Michigan, hospitals in Illinois, hospitals in Indiana and many Critical Access Hospitals.
Lancaster Pollard Mortgage Company underwrites and services mortgage loans insured or guaranteed by governmental agencies and government sponsored entities, including the Federal Housing Administration
(FHA), Government National Mortgage Association
(GNMA), Fannie Mae (FNMA) and United States Department of Agriculture
(USDA) and is a U.S. Department of Housing and Urban Development (HUD)-approved Multifamily Accelerated Process (MAP) and LEAN lender. Lancaster Pollard was one of the top 50 affordable housing lenders for 2010.
Lancaster Pollard Investment Advisory Group, an SEC-registered investment advisor, provides board and management level investment consulting to nonprofit organizations. Lancaster Pollard Investment Advisory Group is led by Bill Courson, who was named its president in 2006.
Awards Lancaster Pollard has won include being named one of the fastest growing companies in 2007, 2008 and 2011 by Inc. 5000, Entrepreneur of the Year by Ernst & Young
in 2006, the Bond Buyer Deal of Year Award in 2010, Columbus Business First Fast 50 in 2005-2008 and 2010, and the Torch Award in 2010 from the Better Business Bureau
.
Investment banking
An investment bank is a financial institution that assists individuals, corporations and governments in raising capital by underwriting and/or acting as the client's agent in the issuance of securities...
based in Columbus, Ohio
Columbus, Ohio
Columbus is the capital of and the largest city in the U.S. state of Ohio. The broader metropolitan area encompasses several counties and is the third largest in Ohio behind those of Cleveland and Cincinnati. Columbus is the third largest city in the American Midwest, and the fifteenth largest city...
, United States
United States
The United States of America is a federal constitutional republic comprising fifty states and a federal district...
, that helps health care
Health care
Health care is the diagnosis, treatment, and prevention of disease, illness, injury, and other physical and mental impairments in humans. Health care is delivered by practitioners in medicine, chiropractic, dentistry, nursing, pharmacy, allied health, and other care providers...
, senior living and affordable housing
Affordable housing
Affordable housing is a term used to describe dwelling units whose total housing costs are deemed "affordable" to those that have a median income. Although the term is often applied to rental housing that is within the financial means of those in the lower income ranges of a geographical area, the...
organizations expand their services by providing financial advice and financing solutions. Lancaster Pollard provides investment banking
Investment banking
An investment bank is a financial institution that assists individuals, corporations and governments in raising capital by underwriting and/or acting as the client's agent in the issuance of securities...
, mortgage banking
Mortgage
A mortgage is a security interest in real property held by a lender as a security for a debt, usually a loan of money. A mortgage in itself is not a debt, it is the lender's security for a debt...
and financial advisory services to community hospitals, senior living organizations and affordable housing
Affordable housing
Affordable housing is a term used to describe dwelling units whose total housing costs are deemed "affordable" to those that have a median income. Although the term is often applied to rental housing that is within the financial means of those in the lower income ranges of a geographical area, the...
providers. As of October 2011, the firm had over 972 closed and engaged finance and refinance projects totaling over $7.4 billion in PAR amount.
Lancaster Pollard is an independent firm, and is not owned by or affiliated with any large commercial banks.
Lancaster Pollard was formed in 1988 and consists of three companies—Lancaster Pollard & Co., which provides investment banking and consulting
Consultant
A consultant is a professional who provides professional or expert advice in a particular area such as management, accountancy, the environment, entertainment, technology, law , human resources, marketing, emergency management, food production, medicine, finance, life management, economics, public...
services; Lancaster Pollard Mortgage Co., which provides government-backed loans; and Lancaster Pollard Investment Advisory Group, an investment advisor
Investment Advisor
The term Investment Advisor is an individual or firm who, for compensation, engages in the business of advising others, either directly or through publications or writings, as to the value of securities or as to the advisability of investing in, purchasing, or selling securities...
for nonprofit organizations. The company was named for its founders, T. Brian Pollard and Marc Lancaster, who left the business in 1995. Pollard serves as the President/CEO of Lancaster Pollard Mortgage Company and as Senior Managing Director of Lancaster Pollard & Co. The CEO is Tom Green, formerly of Firstar Bank Central Ohio, now a $1.1 billion region of U.S. Bancorp.
Lancaster Pollard & Co. underwrites taxable and tax-exempt bonds
Bond (finance)
In finance, a bond is a debt security, in which the authorized issuer owes the holders a debt and, depending on the terms of the bond, is obliged to pay interest to use and/or to repay the principal at a later date, termed maturity...
and is a registered broker/dealer with the Securities and Exchange Commission (SEC) and a member in good standing of the Financial Regulatory Authority (FINRA), Municipal Securities Rulemaking Board
Municipal Securities Rulemaking Board
The Municipal Securities Rulemaking Board, often referred to as the MSRB, writes investor protection rules and other rules regulating broker-dealers and banks in the United States municipal securities market, including tax-exempt and taxable municipal bonds, municipal notes, and other securities...
(MSRB) and Securities Investor Protection Corporation
Securities Investor Protection Corporation
The Securities Investor Protection Corporation is a federally mandated, non-profit, member-funded, corporation in the United States. It protects investors in certain securities from financial harm if a broker-dealer fails...
(SIPC).
In the health care sector, Lancaster Pollard has provided capital financing to such clients as Blanchard Valley Health System, Fremont Memorial Hospital
Fremont Memorial Hospital
Fremont Memorial Hospital is a hospital in Yuba City, California, United States. It is part of the Fremont-Rideout Health Group....
, Good Samaritan Hospital
Good Samaritan Hospital
Good Samaritan Hospital may refer to:In the United States:*Good Samaritan Hospital — San Jose, California*Good Samaritan Hospital — Los Angeles*Advocate Good Samaritan Hospital — Downers Grove, Illinois...
, Hopedale Medical Complex
Hopedale Medical Complex
The Hopedale Medical Complex is a community medical center located in Hopedale, Illinois. Founded by Dr. Lawrence Rossi in 1955, the hospital and surrounding facilities are owned and operated by the not-for-profit, charitable corporation known as The Hopedale Medical Foundation...
, Jersey Community Hospital
Jersey Community Hospital
Jersey Community Hospital is a full service hospital located in Jerseyville, Illinois. The hospital was founded in 1954 and is owned by the citizens of Jersey County. The hospital moved from its original location to a larger campus in 1977 and continues to operate from that location today...
, Logansport State Hospital
Logansport State Hospital
Logansport State Hospital is a psychiatric hospital located in Logansport, Indiana, United States.It was founded July 1, 1888, as the Northern Indiana Hospital for the Insane. Its first superintendent was Dr. J.G...
, and many other hospitals in Ohio, hospitals in Michigan, hospitals in Illinois, hospitals in Indiana and many Critical Access Hospitals.
Lancaster Pollard Mortgage Company underwrites and services mortgage loans insured or guaranteed by governmental agencies and government sponsored entities, including the Federal Housing Administration
Federal Housing Administration
The Federal Housing Administration is a United States government agency created as part of the National Housing Act of 1934. It insured loans made by banks and other private lenders for home building and home buying...
(FHA), Government National Mortgage Association
Government National Mortgage Association
The Government National Mortgage Association , or Ginnie Mae, was established in the United States in 1968 to promote home ownership. As a wholly owned government corporation within the Department of Housing and Urban Development , Ginnie Mae’s mission is to expand affordable housing in the U.S. by...
(GNMA), Fannie Mae (FNMA) and United States Department of Agriculture
United States Department of Agriculture
The United States Department of Agriculture is the United States federal executive department responsible for developing and executing U.S. federal government policy on farming, agriculture, and food...
(USDA) and is a U.S. Department of Housing and Urban Development (HUD)-approved Multifamily Accelerated Process (MAP) and LEAN lender. Lancaster Pollard was one of the top 50 affordable housing lenders for 2010.
Lancaster Pollard Investment Advisory Group, an SEC-registered investment advisor, provides board and management level investment consulting to nonprofit organizations. Lancaster Pollard Investment Advisory Group is led by Bill Courson, who was named its president in 2006.
Awards Lancaster Pollard has won include being named one of the fastest growing companies in 2007, 2008 and 2011 by Inc. 5000, Entrepreneur of the Year by Ernst & Young
Ernst & Young
Ernst & Young is one of the largest professional services networks in the world and one of the "Big Four" accountancy firms, along with Deloitte, KPMG and PricewaterhouseCoopers ....
in 2006, the Bond Buyer Deal of Year Award in 2010, Columbus Business First Fast 50 in 2005-2008 and 2010, and the Torch Award in 2010 from the Better Business Bureau
Better Business Bureau
The Better Business Bureau , founded in 1912, is a corporation consisting of several private business franchises of local BBB organizations based in the United States and Canada, which work through their parent corporation, the Council of Better Business Bureaus .The Better Business Bureau, through...
.
External links
- Official Company Website
- “Banks Get Tough with Municipalities,” Wall Street Journal, January 27, 2011.
- BBB Torch Award recipients 2010
- Columbus Business First Fast 50
- Modern Healthcare Marketplace
- Senior Living Marketplace
- "FNMA Fills Assisted Living Financing Need, Acts as Bridge to HUD 232
- Inc. 5000