CHICAGO — The five-year-old Minneapolis-based Northland Securities Inc. said this week it hopes to hire a public finance underwriter for its Pennsylvania office at the same time it is branching out in the Midwest with the opening of offices in Milwaukee and St. Joseph, Mo., although at least initially the offices won’t house any public finance bankers. The two new offices were acquired through a cooperative agreement with First MidAmerica Investment Corp., according to a statement. Randy Nitzsche, the chief executive officer at Northland Securities, said. “With five years of positive history, and over 135 employees, the addition of these two offices helps expand our services in the Midwest.” “At the present time, we don’t have a public finance banker at these locations, but we may in the future,” said the firm’s director of sales and marketing Linda Knutson. The firm is actively recruiting to hire a public finance underwriter for its office in Camp Hill, Pa. Northland has underwritten more than $2.5 billion of financings for both corporate and municipal issuers over the last five years. The firm — with Midwestern offices in Iowa, Minnesota, and the Dakotas — hopes to continue expanding into additional states. The privately held brokerage was founded by a group of 35 employee shareholders. Glen Taylor, a Twin Cities businessman and owner of the National Hockey League’s Minnesota Timberwolves, is a significant shareholder and a member of the holding company’s board of directors.
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