FBR EXTENDS SPONSORSHIP OF FBR OPEN through 2012

 

PHOENIX, Ariz. The Thunderbirds and title sponsor FBR (NYSE: FBR), today announced a four-year extension of the investment bank’s title sponsorship of the FBR Open through 2012.*

 “We are thrilled to have FBR on board for another four years as our title sponsor,” said Thunderbirds Big Chief Pat McGinley. “From a tournament perspective, FBR has been an outstanding partner. More importantly, FBR has had a huge impact on this community. Since October 2003, when FBR became the title sponsor, we’ve raised more than $25 million for charities – including $7.8 million in 2007, the highest single-season amount ever announced on the PGA TOUR. In addition, the 2007 FBR Open pumped over $180 million into Arizona’s economy.”

As the title sponsor, FBR will continue to be the primary television advertiser on the network broadcast.  

"The FBR Open has been a very important component of growing our brand and building important customer relationships," said Eric Billings, Chairman and CEO, Friedman, Billings, Ramsey Group, Inc.  “When you can top it all off by giving significant monies to charity, it makes the return from our involvement an even better one. We thank the Thunderbirds and the entire greater Phoenix community for making this tournament the great success it has been.  We have been made to feel right at home and look forward to extending that feeling into the future.”

 "The PGA TOUR is absolutely delighted that FBR has extended its title sponsorship through 2012," said PGA TOUR Commissioner Tim Finchem. “FBR has had a tremendous impact on the tournament and its charitable outreach in working with the Thunderbirds. Now, in addition to claiming the biggest galleries each year on TOUR, the FBR Open has the distinction of becoming a leader in charitable giving. We are proud of the outstanding work FBR and the Thunderbirds have done."

FBR’s original five-year agreement was signed in October 2003. It marked the first time The Thunderbirds had invited a national corporation to become a title sponsor in the event.

 

About The FBR Open

 The FBR Open is the best-attended golf tournament in the world and has raised more than $53 million for charities. Annually sporting by far the largest crowds for any golfing event in the world, the FBR Open has gained legendary status for being a unique stop on the PGA TOUR. The 2008 edition will mark the 73rd playing of the event, and the fifth as the FBR Open, making it one of the five oldest events on the PGA TOUR.

 

The 2008 FBR Open, known as “The Greatest Show on Grass,” will be held at the TPC Scottsdale from January 28th to February 3rd , 2008.

 

About the Thunderbirds

The Thunderbirds, founded in 1937, consist of 55 “active” members and more than 250 “life” members who are leaders in the community dedicated to improving the quality of life for all Arizonans.  For more information on The Thunderbirds or the 2008 FBR Open, call the Thunderbirds office at (602) 870-0163 or visit www.fbropen.com

 

About FBR

Friedman, Billings, Ramsey Group, Inc. (FBR) (NYSE:FBR) provides investment banking*, merger and acquisition advisory services*, institutional brokerage*, asset management and private wealth services through majority ownership of FBR Capital Markets Corporation (FBR Capital Markets) (NASDAQ:FBCM).  FBR Capital Markets focuses capital and financial expertise on eight industry sectors: consumer, diversified industrials, energy & natural resources, financial institutions, healthcare, insurance, real estate, and technology, media & telecom.  FBR Group also invests in mortgage-related assets and merchant banking opportunities. FBR is headquartered in the Washington, D.C. metropolitan area with offices in Arlington, VA, Boston, Dallas, Houston, Irvine, London, New York, Phoenix, San Francisco and Sydney.  For more information, please visit www.fbr.com.

 

*Friedman, Billings, Ramsey & Co., Inc.

*Financial terms of the extension will not be released.

 

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