History of SBM Financial Group

Key Dates

1914   State Bond and Mortgage Company of Minnesota begins issuing fixed-rate certificates to retail investors.

1940   State Bond and Mortgage Company registers with the Securities and Exchange Commission as a face-amount certificate investment company.

1991   SBM Certificate Company was created by SBM Company (formerly known as State Bond and Mortgage) to assume its face-amount certificate business.

1995   ARM Financial Group of Louisville, KY, acquires the financial businesses of SBM Company, including SBM Certificate Company.

1998   1st Atlantic Guaranty Corporation is established in Maryland by a group of private investors and becomes the first new face-amount certificate company to issue certificates in more than a decade.

2000   1st Atlantic acquires SBM Certificate Company from ARM and forms a new operating company that would become known as SBM Financial, LLC.

2002   SBM’s mortgage operation, originally known as Atlantic Capital Funding Corporation, expands to seven states in the mid-Atlantic. Between 2000 and 2005, the mortgage operation originates more than $500 million in loans.

2003   Geneva Capital Partners, a Maryland-based investment holding company owned and controlled by SBM President and CEO Eric M. Westbury, acquires the controlling shareholder interest in 1st Atlantic, including SBM Financial and its face-amount certificate and mortgage businesses.

2004   SBM Financial Group is established and becomes the sole parent company. SBM expands its investment advisory services to include managing investment portfolios for institutional clients and exempt investment companies. Reflecting the background and expertise of its principals and management, SBM Financial Group begins to focus on real estate and private finance investments in addition to traditional asset classes.

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