JOSHUA S. SIEGEL is the Managing Principal of StoneCastle Partners, which he co-founded in 2003 and has grown to over $3 billion of assets under management. StoneCastle Partners is one of the largest investment firms dedicated to investing in the banking sector. Mr. Siegel is widely considered an expert in the community banking industry, is regularly featured at industry conferences and in print, online and broadcast media, and has been invited to help better educate government regulators in several engagements.Prior to co-founding StoneCastle, Mr. Siegel was a Vice President in the Global Portfolio Solutions Group within the Fixed Income Division at Salomon Brothers/Citigroup Global Markets, a group organized to finance portfolios of financial assets for corporations and to invest in the sector as a principal. He was one of three founding members of this group, which grew to over 50 professionals by the time of his departure. As the group continued to grow, Mr. Siegel was primarily responsible for new products, including pooled investment strategies for the community banking sector. Specifically, his authorship of Historical Default Rates of FDIC-Insured Commercial Banks, 1934–2001, Regional Bank Diversification, and Analysis of Idealized Cumulative Default Rates Beyond 10 Years established the basis for the Bank Bond market with both investors and rating agencies. Mr. Siegel originally joined Salomon Brothers/Citigroup in 1996 in the tax and lease division, which provided structured financing to government-sponsored enterprises and Fortune 500 corporations. Prior to that, he was with Sumitomo Bank, where he served in three capacities: corporate lending officer to large corporate borrowers (United Technologies, Raytheon, Harvard Endowment), structurer of lease transactions for industrial and financial customers, and member of the New York credit committee. Mr. Siegel began his career in private equity and merchant banking, working for Charterhouse Bank in New York and London beginning in 1994, and Sulzer Brothers in Switzerland beginning in 1992. He holds a B.S. in Management and Accounting from TulaneUniversity.