2007 News
Select Year: 2008 | 2007 | 2006- De Novo Digest: Not Your Typical Private Equity Investment
Being a bank holding company has allowed private equity institutions more flexibility in investing in de novo banks.
December 21, 2007 - Belvedere Capital and Belvedere SoCal Complete Acquisition of Professional Business Bank
Professional Business Bank is now a wholly-owned subsidiary of Belvedere SoCal, a new holding company created by Belvedere Capital to build Southern California?s leading small business-focused community bank.
November 26, 2007 - Presidio Bank expands to San Rafael
Presidio Bank announced plans to open its second North Bay branch in San Rafael. The branch will be the startup bank?s fourth location since it opened in July of 2006.
November 8, 2007 - Ex-ABD Exec Wins $5M for New Insurance Venture
ABD alumnus David Alvarado launched VRT Insurance Services Inc., in February and this month landed a $5 million cash infusion from Belvedere Capital to fuel further growth.
October 12, 2007 - Green Bank Rolling Out Eco-Friendly Marketing Footprint
Green Bank to reflect a new, environmentally conscious strategy that will cover everything from the coffee cups it orders to the design of its branches and the loan and deposit products it offers.
September 14, 2007 - Private Equity Firm Belvedere Pivoting in California
Belvedere Capital LLC announced a deal to buy an Orange County bank outright and a controlling interest in another. The two are to be combined with a third bank in Pasadena.
August 9, 2007 - Belvedere Capital to Acquire Spectrum Bank and Enter into a Strategic Alliance with First Heritage Bank
Belvedere has signed a definitive agreement to acquire Spectrum Bank and announced that it intends to enter into a strategic alliance with First Heritage Bank, N.A.
August 1, 2007 - Another Door Opens
Belvedere Capital LLC partnered with Jim Woolwine and Steve Fleming and together, set about organizing Presidio Bank, the first locally owned and managed San Francisco business bank in 20 years.
May 1, 2007 - ETF FOCUS: Leaving 401(k) Fees On The Cutting Floor
BenefitStreet Inc. has struck a deal with Barclays Global Investors to distribute ETFs to corporate sponsors.
May 29, 2007 - The Bay Area?s Most Influential Women In Business
Making the work-life puzzle fit. Alison Davis manages private equity and five kids with grace.
April 13, 2007 - Belvedere Capital to Acquire a Majority Interest in Professional Business Bank
Professional Business Bank, and Belvedere Capital Fund II L.P., announced that they have signed a definitive agreement for an affiliate of Belvedere to acquire a majority interest in Professional Business Bank for a combination of cash and stock.
February 2, 2007
