Tim Stute is a Managing Director and Head of Specialty Finance in the investment banking group at Hovde Group and is based in the firm’s McLean, VA office. Prior to joining Hovde, he was a member of Houlihan Lokey’s Financial Institutions Group. He has nearly 20 years of experience providing capital markets and M&A advisory services to the financial institutions sector, with a particular emphasis on the specialty finance industry, including equipment leasing companies, asset-based lenders, accounts receivable factoring companies and non-mortgage consumer lenders. Before joining Houlihan Lokey, Stute was a Managing Director and Principal at Milestone Advisors, LLC in Washington, D.C., which was acquired by Houlihan Lokey in 2012. While at Houlihan Lokey, and previously at Milestone Advisors, Stute was a top ranked senior banker in the specialty finance M&A sector, as measured by number of deals (according to SNL Financial LC, 2004 to 2016). Prior to joining Milestone in 2001, he was an Associate in the Financial Institutions Group of First Union Securities, Inc. (now Wells Fargo Securities, Inc.) in Charlotte, NC. Stute holds a B.S. in Finance from Wake Forest University. He is licensed with the Financial Industry Regulatory Authority as a registered representative and holds the following licenses: Series 7, 63 and 79.

T.J. Humes is a Director in Hovde’s Specialty Finance investment banking group based in the McLean, VA, office. He provides investment banking services, including capital markets solutions and M&A advisory, to financial institutions nationwide. He has particular emphasis on the specialty finance industry, including commercial finance, small business finance, residential mortgage finance and financial technology companies. He has advised clients on sell-side and buy-side of M&A transactions and has facilitated debt and equity capital markets transactions. Prior to helping found the specialty finance group at Hovde in 2017, Humes was a member of Houlihan Lokey’s Financial Institutions Group. He joined Houlihan Lokey through its acquisition of Milestone Advisors at the end of 2012. While at Houlihan Lokey and Milestone Advisors, Humes was a member of the top-ranked specialty finance M&A platform, as measured by number of completed deals (according to SNL Financial for 2006 to 2016). A native of Colorado, Humes now resides in Arlington, VA. He holds a B.S. in Economics with concentrations in Finance