2006 News
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2006
- BANKING & FINANCE: Presidio Bank Plans Area Loan Office
Led by a team of local bankers, Presidio Bank will open its first North Bay loan production office.
Nov 20, 2006
- AUB Opens Its Doors to Serve the Needs of the Hispanic Business Community in Southern California
Americas United Bank (AUB), a Glendale-based Hispanic-owned and managed business bank, opens its doors to serve the banking needs of the Hispanic business and professional communities in Southern California.
November 6, 2006
- Haymaker Plans Statewide Expansion for New Bank
The CEO and Chairman of Seaside National Bank & Trust plan to grow the Orlando-based, nationally chartered bank to $1 billion in assets statewide within five years. Haymaker is starting by opening 15 locations across the state in the next three years.
October 27, 2006
- Private Equity Firms on Prowl For US Banking Investments
Private equity firms are pouring money into startups and community banks that want to expand their branch networks and loan portfolios in some of the country's fastest-growing markets.
September 28, 2006
- Keiretsu Forum Angel Investors Bank Nearby: The Creation of Presidio Bank
Keiretsu Forum, the nation's largest angel investment network, today announced the investment of its Northern California members in Presidio Bank.
September 25, 2006
- New Glendale Bank to Focus on Hispanic Business Market
A group of veteran bankers hopes to raise between $22 million and $27.5 million to launch a bank aimed at Hispanic business owners. Americas United Bank, is expected to focus on the growing Latino business market, but will also service the general market of small- to mid-sized businesses.
September 11, 2006
- New Bank Gets Green Light with Equity Infusion
Green Bancorp Inc., a new Houston bank holding company has bolstered its capital base with a $20 million commitment from a private equity firm in San Francisco.
September 1, 2006
- Tide is Rising for Start-Up Bank: Seaside National Bank Plans to Open in October Now that the Federal Regulatory Hurdles Have Been Cleared
Flush with millions of dollars in investment capital, the founders of Orlando-based Seaside National Bank have passed all federal regulatory tests and expect to launch the start-up by mid-October.
August 8, 2006
- Belvedere Capital Looks to Break New Ground in Bank Investing with First-Ever Club Deal
Belvedere Capital, the private equity firm which recently agreed to purchase a 37% stake in Houston-based Green Bancorp Inc., is working to lead the first ever consortium buyout of a bank.
August 07, 2006
- Start-Up Gets an Infusion for Its Acquisition Coffers
A San Francisco private equity firm is making good on its pledge to invest in high-growth markets other than California by buying a large stake in a Texas start-up.
July 26, 2006
- Belvedere Capital Forms Partnership With Green Bancorp and Redstone Bank to Acquire Texas Banks
Belvedere Capital, today announced the formation of a partnership with Green Bancorp, Inc. and Redstone Bank, N.A. to acquire banks in Houston and other metropolitan Texas areas, with the goal of building one of Texas's premium banking franchises.
July 20, 2006
- New Bank Raises Record Startup Kitty
Organizers of the Presidio Bank say they raised the most money ever for a startup bank in California, gathering $40 million to open its doors.
July 14, 2006
- Private Equity Funds Providing a Capital Boost
In the past year or so a number of private equity groups have started funds that focus on community banking, raising hundreds of millions of dollars of capital that their managers plan to plow into small banks.
May 2, 2006
- Presidio Bank lines up backers
Organizers of the new Presidio Bank, essentially a who's who of the Bay Area business community, say they will soon begin to raise capital for the San Francisco community bank.
April 15, 2006
- Next on Fund's Agenda: Start-Up in San Francisco
Belvedere Capital is set to close its second fund, Belvedere Capital Fund II, which will acquire and open banks in growing markets throughout the country.
February 28, 2006
- Presidio Bank draws all-star team of backers
San Francisco will soon be home to Presidio Bank, a business bank with high-profile investors behind it. Presidio is still in organization and has a ways to go before opening its doors, but the bank is creating quite a buzz in Bay Area financial circles, given who is involved.
February 10, 2006
