FormerSandler O'Neill & Partners LPinvestment banker Andy Hitt has joined Banks Street Partners LLC as a managing director.
BanksStreet Partners CEO R. Lee Burrows Jr. said Hitt started working with the companyin April and is based in North Carolina. Atlanta-based Banks Street, which focuseson the financial services sector, also has an office in Charlotte.
Burrowssaid he and Hitt previously workedtogether for about 20 years. The two started working together at Trident SecuritiesInc. in 1984 and stayed with the company after it sold to KeyCorpsubsidiary McDonald Investments in 1999. Banks Street managing directors Jeff Adamsand Mark Saunders also had a history with Trident.
Hittwas a managing director with Sandler O'Neill and had been with the company since2004. He focuses on capital raising and M&A transactions.
A coupleof Hitt's more recent M&A deals include advising Louisiana Bancorp Inc. on its 2015 sale to HomeBancorp Inc. and AmericanGateway Financial Corp. on its sale to BusinessFirst Bancshares Inc.
Burrowssaid Hitt will aim to enhance Banks Street's coverage area, which goes as far northas Maryland and as far west as Louisiana and Arkansas.
is the broker/dealersubsidiary of Banks Street.