Press Release

July 6, 2010

TWELVE RAYMOND JAMES-AFFILIATED PROGRAM MANAGERS NAMED
TO BANK INVESTMENT CONSULTANT’S TOP 20 LIST

ST. PETERSBURG, Fla. — Bank Investment Consultant magazine has announced the results of its 2010 ranking of the Top 20 Program Managers. The prestigious list featured twelve investment program managers affiliated with Raymond James Financial Services (RJFS), the most by any firm. In addition, eight RJFS-affiliated branch managers placed within the top 10 spots, with John Clemens of Amarillo National Bank named number one.

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.

John Houston, Managing Director of RJFS-FID, stated “Being named to the 2010 Top 20 Program Managers list is a great achievement. These twelve 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.”

Clemens, placing number one on the list, is a veteran of Merrill Lynch where he worked for 20 year prior to joining Amarillo National Bank in 2001 as a Raymond James branch manager. The branch has experienced tremendous growth despite the recession, with assets under administration doubling since 2006, from $260 million to $570 million in 2010.

Co-program managers of The Bank and Trust, of San Angelo, Texas, Don Foster and Steve Sherrod ranked second on the list with Janet Anna and Tommy Williams of Woodforest National Bank in The Woodlands, TX in third. Ken Wren, Jr. of TowneBank in Suffolk, VA and John McRae of Citizens National Bank in Meridian, MS, respectively rounded out the top five.

In addition to the twelve managers who placed in the top 20, four 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 $23 billion in 272,000 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 5,300 financial advisors serving 1.8 million accounts throughout the United States, Canada and overseas. In addition, total client assets are approximately $196 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