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Porter, White & Company Announces Management Changes

Announcements
January 22, 2009

Porter, White & Company today announced that Goodloe H. White has been named President of Porter, White & Company and Dwight V. Percy has been named Executive Vice President and Chief Financial Officer. The appointments are effective January 1, 2009.

James H. White, III remains Chairman & Chief Compliance Officer, and Charles K. ("Kip") Porter and Marvin G. ("Joe") Cleage remain Executive Vice Presidents.

"When Goodloe came to Porter, White & Company six years ago, he brought an international, 'big firm' perspective, and since has handled a number of difficult and successful transactions on behalf of our clients," said James H. White, III. "Goodloe led the establishment of a significant investment advisory business based on cutting-edge financial research, and has successfully completed a number of challenging corporate finance assignments for clients. Based on training and significant experience he is a leading investment banker in our market area."

Prior to joining Porter, White & Company, Goodloe White graduated from Princeton University Summa Cum Laude in civil engineering and operations research. He then spent four years in project finance with Credit Suisse in New York, Hong Kong, and London, two years at Duke University's Fuqua Business School, and eighteen months as Chief Financial Officer of a Princeton, New Jersey-based software and consulting company.

"Dwight Percy is principally responsible for Porter, White & Company's capabilities in financial analysis and for its reputation for excellence in its work products," said Kip Porter. "He directed the financial feasibility study for the University of Alabama Health Services Foundation's Kirklin Clinic, and participated heavily in arranging its financing and refinancing. He also has overseen our compensation system and regulatory reporting for years."

Dwight Percy graduated from the University of Tennessee and earned an MBA from Vanderbilt University's Owen School of Business. After working in the corporate planning department of a major corporation, he joined Porter, White & Company where he earned the American Society of Appraisers' designation in business valuation, and today divides his time among business valuation, litigation testimony and support, business planning, public finance, and tax compliance.

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