Resource America, Inc. Announces Expansion of Bank Private Equity Team

PHILADELPHIA, PA--(Marketwire - July 24, 2007) - Resource America, Inc. (NASDAQ: REXI) (the "Company"), a specialized asset management company, announced today that it has hired Kent Carstater, formerly a principal in the investment banking group at Keefe, Bruyette & Woods (NYSE: KBW), the investment bank that specializes in the financial services sector. Mr. Carstater will lead a team of professionals that will seek to make majority private equity investments for outside investors focused in commercial banks. Mr. Carstater will be President of Resource Banking Advisory & Management Company, which has been formed to coordinate these activities. He will also augment a strong existing team that manages several funds that make minority investments in de novo banks.

Jonathan Cohen, CEO and President of Resource America, commented, "We are very excited to have Kent join our team and to launch the expansion of our existing business. These investments will differ from our current private equity practice in that we will be capable of making majority investments for outside investors. We believe that there are excellent opportunities to buy and invest in banks that may be overlooked currently by the acquisitive larger banks or the equity markets."

Resource America also announced that it further strengthened its team by adding Michael Bracken, formerly of Sandler O'Neill, to join Resource Financial Institutions Group, working primarily in its existing private equity investments in banks.

Resource America, Inc. is a specialized asset management company that uses industry specific expertise to generate and administer investment opportunities for its own account and for outside investors in the financial fund management, real estate and commercial finance industries. For more information, please visit our website at www.resourceamerica.com or contact Investor Relations at pschreiber@resourceamerica.com.

Certain matters discussed within this press release are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Although Resource America, Inc. believes the expectations reflected in such forward-looking statements are based on reasonable assumptions, it can give no assurance that its expectations will be attained. Factors that could cause actual results to differ materially from expectations include financial performance, regulatory changes, changes in local or national economic conditions and other risks detailed from time to time in the Company's reports filed with the SEC, including quarterly reports on Form 10Q, reports on Form 8-K and annual reports on Form 10-K.

Contact Information: CONTACT: Resource America, Inc. Pamela Schreiber Investor Relations 215-546-5005