Bexil American Mortgage will be operated by an experienced executive team, led by John M. Robbins, the former CEO of American Mortgage Network and past Chairman of the Mortgage Bankers Association. This team has previously formed startups, and has operated and successfully sold two mortgage banks to major financial institutions, including JP Morgan Chase and Wachovia Bank.

Thomas Winmill, CEO and President of Bexil Corporation, commented, "Bexil seeks to make major equity interests in the best businesses we can find, and work with superior managers to grow the value of the business prudently and solidly for the long term. John Robbins and his management team have demonstrated skill and experience in operating large, successful, mortgage originators for the past thirty years. This team recognizes the historic dislocation in the mortgage market and we are excited to partner with them to take advantage of it by starting Bexil American Mortgage."

John Robbins, President of Bexil American Mortgage, said, "This is a perfect time to build a new nationwide mortgage bank. I have always felt real opportunity is born in the vacuum created by the bottom of a cycle."

"We are delighted to be working with Bexil for the third time," said Douglas Hendrickson, co-founder and managing partner of MidCap Advisors. "We worked with Bexil twice on the York Insurance Services transaction and now on Bexil American. We expect this investment to be just as successful for Bexil."

Bexil Corporation
Bexil Corporation (BXLC) is a holding company engaged through subsidiaries in investment management and mortgage banking. To learn more, please visit www.bexil.com.

John Robbins Group
The John Robbins Group is an experienced mortgage banking executive team. It is led by John M. Robbins, former CEO of American Mortgage Network. Mr. Robbins has served as CEO of three leading independent mortgage firms, including ICA Mortgage, American Residential Mortgage, and American Mortgage Network. He is also a past President of the Mortgage Bankers Association. He serves as President of Bexil American Mortgage and his management team brings significant capital and knowledge to Bexil American Mortgage.

MidCap Advisors, LLC

MidCap Advisors is a national middle market investment banking firm that has extensive experience representing insurance and financial services firms. MidCap's Principals and Managing Directors have arranged over $2 billion in transactions for clients.

For additional information about this transaction or MidCap Advisors, please visit www.midcapadvisors.com or contact Douglas T. Hendrickson at (212) 722-6547 or This e-mail address is being protected from spambots. You need JavaScript enabled to view it .