Press Release

COHEN & COMPANY SECURITIES APPROVED FOR DIRECT PARTICIPATION IN UNDERWRITING FEDERAL HOME LOAN BANK DEBT

New York, NY – December 6, 2009 – Cohen & Company Securities, LLC is pleased to announce that it has been approved by the Federal Home Loan Bank (“FHLB”) Office of Finance for direct participation in underwriting FHLB debt. Cohen & Company Securities, LLC is now able to further service its clients by having access as a principal for the daily sale of debt securities, including discount notes, fixed and variable rate bonds, callable and fixed maturity bonds. Approval by the FHLB Office of Finance also allows Cohen & Company Securities, LLC to partake in reverse inquiries to underwrite debt issuance via callables, step-ups, bullets and range notes, as well as a wide range of other structured products. This is yet another milestone for Cohen & Company as it continues to develop and grow the Capital Markets presence of its broker-dealer.

About Cohen & Company
Cohen & Company is an investment firm specializing in credit related fixed income investments. Through Cohen & Company Securities, LLC, the company also provides institutional broker-dealer services focused on debt securities. With offices in Philadelphia, New York, Chicago, Washington D.C., San Francisco, Boston, Paris, London and Tokyo, Cohen & Company serves a diverse international network of institutional and individual clients. For more information about Cohen & Company, we encourage you to visit www.cohenandcompany.com.

Media Inquiries Joseph Kuo Kekst and Company 212-521-4863 joe-kuo@kekst.com