Herbert J. Sims & Co., Inc. is pleased to announce the hiring of Richard Larkin as a Senior Vice President, to be its new Research Director. Dick’s first assignment is helping the House Subcommittee on Capital Markets review the current crisis of Bond Insurance in the $2 trillion taxexempt bond market, with his testimony at today’s hearing in Washington.

Paul P. Saitta, a veteran retail sales executive, has joined Herbert J. Sims & Co. as Executive Vice President from Bank of New York to lead its national retail sales efforts.

Jeff Molinari, an experienced trading, underwriting and institutional sales executive, has joined Herbert J. Sims & Co. as Executive Vice President from First Albany Capital to lead its institutional sales efforts.

Sims Relocates New Jersey Office to Metro Center One, 100 Wood Avenue South, Iselin. The new location provides a more convenient and central location for our customers to do business. In addition to the Iselin office, Sims offers locations nationwide.

Sims provides equity to Oasis Lifestyles to replace, expand and relocate a 102 bed assisted living community with a new 153 bed, 96,000 square foot assisted living community. The equity provided will satisfy the loan-to-value requirements for a construction loan.

The financing of the expansion project will enable Horizon House to increase the number of people it serves and maintain a variety of housing accommodations, while continuing its long-standing tradition of the highest quality of care for individuals age 60 and older.

The Refinancing of both tax-exempt and taxable debt gives the American Association of Homes and Services for the Aging enhanced cash flow and more flexible covenants to support future financing needs.

William B. Sims, CEO of Herbert J. Sims & Co., Co-Honoree at Aging In America’s Gala Benefit in NYC; Banker Cited for His Contribution to Senior Housing Industry.