Investment Summary |
|
|---|---|
| Date | 2010-06-21 |
| Target | Heritage Commerce |
| Sector | Financial Services |
| Investor(s) |
Castle Creek Capital
Patriot Financial Partners |
| Deal Type | PIPE |
| Deal Value | 75M USD |
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| Category | Asset Manager |
|---|---|
| Founded | 1992 |
| PE ASSETS | 750M USD |
| Size | Middle-Market |
| Type | Sector Focused |
Castle Creek Capital is a private investment firm that makes control investments in U.S.-based community banks with less than $10 billion of assets. The firm specializes in operating, recapitalizing and strategically refocusing US based banks. Castle Creek targets smaller, healthier banks that are under-performing or lack critical mass. Castle Creek offers the resources to then implement a roll-up acquisition program. Castle Creek Capital LLC was founded in 1992 and is based in Rancho Santa Fe, California.
| DEAL STATS | # |
|---|---|
| Overall | 11 of 23 |
| Sector (Financial Services) | 11 of 22 |
| Type (PIPE) | 6 of 10 |
| State (California) | 4 of 4 |
| Country (United States) | 11 of 23 |
| Year (2010) | 4 of 4 |
| Size (of disclosed) | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2010-05-01 |
Carlile Bancshares
Forth Worth, Texas, United States Carlile Bancshares, Inc. is a provider of buying small to regional banks that are looking for shareholder alternatives. Carlile Bancshares, Inc. was established in 2009 and is headquartered in Forth Worth, Texas. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2011-01-10 |
First Chicago Bancorp
Chicago, Illinois, United States First Chicago Bancorp, Inc., a bank holding company, provides commercial banking services in the United States. Its banking services include real estate, and construction and commercial loans to individuals and small and medium-sized businesses. |
Sell | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 2007 |
| PE ASSETS | 1.3B USD |
| Size | Large |
| Type | Sector Focused |
Patriot Financial Partners is a private equity firm focused on acquiring and investing in community based banks, thrifts, and other related financial services companies throughout the US. Patriot is a hands-on investor and seeks businesses with assets between $500 million and $5 billion. Patriot Financial Partners was established in 2007 and is headquartered in Radnor, Pennsylvania.
| DEAL STATS | # |
|---|---|
| Overall | 11 of 22 |
| Sector (Financial Services) | 11 of 22 |
| Type (PIPE) | 8 of 14 |
| State (California) | 3 of 4 |
| Country (United States) | 11 of 22 |
| Year (2010) | 5 of 6 |
| Size (of disclosed) | 1 of 2 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2010-06-01 |
Limestone Bank
Louisville, Kentucky, United States Limestone Bank is a state charted bank holding company with $1.1 billion in total assets. Porter's sole subsidiary bank, PBI Bank, operates 19 full service branches in the greater Louisville area and in counties south of Louisville along the Interstate 65 corridor. PBI is primarily a commercial lender with the majority of its loan portfolio in commercial real estate and construction loans. Limestone Bank was founded in 1902 and is based in Louisville, Kentucky. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2010-09-01 |
Palmetto Bancshares
Greenville, South Carolina, United States Palmetto Bancshares, Inc. is a provider of retail and commercial banking, and wealth management services to consumers. |
Buy | - |
