Porter White & Company

Providing Expert Advice and Guidance Since 1975

History

Key Dates in Our History

Our firm’s long history and reputation gives us the ability to seek out the right professionals and resources to meet the specific needs of our clients.

We trace our roots back to January 1975, when Jim White founded “White & Company” to focus on municipal and middle market corporate finance. We have evolved from a firm primarily focused on municipal bond advisory and underwriting services to one that helps clients address a broad range of complex financial problems as well as manage and invest capital.

While much of our recent history is told through our client stories, the following are a few key dates in our history.

1975
January 1975
Founding

“White & Company” founded by Jim White to focus on municipal and middle market corporate finance.

1977
January 1977
City of Birmingham

White & Company was hired by the City of Birmingham as financial advisor, and served in this capacity for the next 22 years.

1984
May 1984
Porter, White & Yardley, Inc.

Porter, White & Yardley, Inc. formed to continue the business of White & Company, with the addition of municipal bond underwriting and trading, small cap stock trading, and retail brokerage.

June 1984
Kip Porter

Kip Porter joined the firm to focus on middle market corporate finance.

1993
February 1993
Renamed

The company’s trading desk and retail brokerage unit was sold to Morgan Keegan. Porter, White & Yardley was renamed “Porter White & Company.”

1995
March 1995
Expanded Services – RIA

Porter, White & Company’s Registered Investment Advisor (RIA) unit started.

2002
February 2002
Goodloe White

Goodloe White joins the firm bringing his international investment banking background and practical experience as a chief financial officer.

2004
November 2004
Expanded services

PW&Co expands its investment consulting services to include retirement plans.

2005
February 2005
Capital Raising

PW&Co completes first distressed capital raising by securing capital from five different sources for a struggling small business.

July 2005
$50 Million

Investment assets under management cross $50 million.

2007
December 2007
$100 Million

Investment assets under management cross $100 million.

2008
September 2008
Jefferson County

PW&Co issues report documenting the overpayment of fees on interest rate swaps by Jefferson County.

2013
September 2013
$250 Million

Investment assets under management cross $250 million.

2017
September 2017
Community Bank M&A

Principals of PW&Co complete first advisory assignment for the merger of two community banks.

December 2017
$500 Million

Investment assets under management cross $500 million.

2018
June 2018
Financial Times 300 Recognition

Porter White Investment Advisors, Inc. is named as a Financial Times 300 Top Registered Investment Advisors for 2018.

November 2018
Community Bank M&A

Porter White Capital, LLC serves as exclusive financial advisor to PSB Bancshares, Inc. and Peoples Southern Bank in their merger with River Bank & Trust.

2019
January 2019
Birmingham-Jefferson Convention Complex

Porter White & Company advises on $301,055,000 BJCC Stadium and Arena Financing.

January 2019
Middle Market M&A

Porter White & Company completes sale of industrial manufacturing company.

April 2019
Community Bank M&A

Porter White Capital, LLC serves as exclusive financial advisor to Merchants Trust, Inc. and its subsidiary, Merchants Bank, on their merger with BancorpSouth Bank of Tupelo, MS (NYSE:
BXS).

April 2019
Community Bank M&A

Porter White Capital, LLC serves as exclusive financial advisor to FNB Bancshares of Central Alabama, Inc. and its subsidiary, FNB of Central Alabama, on their merger with BankFirst Capital Corporation of Columbus, MS.

August 2019
Community Bank M&A

Porter White Capital, LLC serves as exclusive financial advisor to PrimeSouth Bancshares and its subsidiary, PrimeSouth Bank, in their merger with CBS-Banc Corp. of Russellville, AL.

November 2019
Community Bank M&A

Porter White Capital, LLC serves as exclusive financial advisor to Trinity Bancorp, Inc. and its subsidiary, Trinity Bank, in their merger with River Financial Corporation of Prattville, AL and Trinity Bancorp, Inc. of Dothan, AL.

November 2019
Community Bank M&A

Porter White Capital Advisors serves as financial advisor to First Bancshares of Stevenson and renders a fairness opinion for its merger with Vantage Bancshares, Inc. of Albertville, AL.

2020
July 2020
Community Bank M&A

Porter White Capital, LLC serves as financial advisor to Traders & Farmers Bancshares, Inc. and its subsidiary, Trader & Farmers Bank, in their merger with BankFirst Capital Corporation of
Macon, MS.

July 2020
Birmingham Airport Authority

Porter White & Company advises Birmingham Airport Authority on $102,130,000 refunding.

October 2020
City of Birmingham

Porter White & Company serves as municipal advisor to the City of Birmingham on refunding of $179 million of general obligation debt.

2021
December 2021
$600 Million

Investment assets under management cross $600 million.

2022
March 2022
Middle Market M&A

Porter White & Company completes sale of Franklin Iron Works and Alabama Casting.