Press Release

June 30, 2009

SIX RAYMOND JAMES PROGRAM MANAGERS NAMED
TO BANK INVESTMENT CONSULTANT’S TOP 20 LIST

ST. PETERSBURG, Fla. - Bank Investment Consultant magazine has announced the results of its 2009 ranking of the Top 20 Program Managers. The prestigious list featured six investment program managers affiliated with Raymond James Financial Services (RJFS), the most by any firm. In addition, RJFS placed four managers within the top 10 spots, with Ken Wren Jr. of TowneBank in Suffolk, Va., placing third on the list.

Following a rigorous search, the list compiles the best investment program managers in financial institutions ranked by average production of the advisors under each manager.

The six Raymond James-affiliated managers are dual employees of RJFS and their financial institution per an agreement between the bank and the Financial Institutions Division of RJFS (RJFS-FID).

John Houston, Managing Director of RJFS-FID, stated "Being named to the 2009 Top 20 Program Managers list is a great achievement. These six program managers define what it means to be the best in the industry. Their success demonstrates the quality service provided by each of these managers, their financial institution and Raymond James."

Wren, whose father-and-son team had the third highest average production at $647,187, joined TowneBank in 2004. He and his father, Ken Wren Sr., credit their success to the bank's reputation in the community, hiring the right people, having complete executive and board support, and utilizing the resources offered by Raymond James that allows them to compete on every level of the wealth spectrum.

Co-program managers of Woodforest Financial Services, of The Woodlands, Texas, Janet Anna and Tommy Williams ranked fifth on the list with Dennis Togger of Union Investment Services in Ashland,Va. (#7) and Clem Wilkes and Peter Cholerton of Citizens Bank in Johnson City, Tenn., (#10) placing within the top 10.

In addition to the six managers who placed in the top 20, two honorable mention selections were Raymond James-affiliated managers.

Table A

*HM=Honorable Mention

About Bank Investment Consultant

Bank Investment Consultant has been the choice for bank-based financial advisors since the early 1990s, and remains the industry leader in both readership and relevance. They cover a range of topics pertinent to financial advisors, helping readers to acquire quality clients, to understand increasingly complex products, and to run their practices more efficiently.

About the Financial Institutions Division of RJFS

The Financial Institutions Division (RJFS-FID) was created in 1987 to provide banks and credit unions with brokerage services as an alternative to traditional third-party investment providers and platform programs. RJFS-FID provides true, full-service securities brokerage to financial institutions seeking to compete with the national securities firms. In addition to a full complement of investment products and services, RJFS-FID has the ability to deliver investment banking, research, self-clearing capabilities and wealth management services. The division currently provides investment services to over 200 financial institutions across 42 states with total assets of more than $20 billion in 238,000 client accounts.

About Raymond James Financial Services

Raymond James Financial Services, Inc. is a national investment firm providing financial services to individuals, corporations and municipalities through more than 3,200 financial advisors in 2,000 offices throughout the United States. For more than 30 years, Raymond James Financial Services has provided a wide range of services through our affiliate, Raymond James & Associates, Inc., member New York Stock Exchange/SIPC. Both broker/dealers are wholly owned subsidiaries of Raymond James Financial, Inc. (NYSE-RJF), a financial services holding company which has more than 5,000 financial advisors serving 1.8 million accounts throughout the United States, Canada and overseas. In addition, total client assets are approximately $193 billion, of which approximately $29 billion are managed by the firm's asset management subsidiaries.

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For additional information, please contact Anthea Penrose at 727-567-2824.
Please visit the Raymond James Press Center at raymondjames.com/media