Patriot Financial Partners

Patriot Financial Partners, L.P. is a private equity firm based in Philadelphia, Pennsylvania, founded in 2007. The firm specializes in growth equity investments, focusing primarily on community banks, thrifts, and other financial service-related companies. Patriot Financial Partners targets middle-market, growth-stage companies, typically seeking transaction sizes between $5 million and $30 million. The firm is particularly interested in investing in metropolitan areas and niche markets across the United States, aiming to capitalize on market dislocations to foster rapid growth. Additionally, it prefers to make non-controlling investments in private small to micro-cap banks with assets ranging from $500 million to $5 billion, emphasizing those with strong core deposit franchises.

Thomas Cestare

Partner and COO

Kevin DaCruz

Senior Associate

James F. Deutsch

Partner

Scott Gamble

Principal

Hall, Howard N.

Principal

Michael B High

Partner

David J Honold

Principal

Kevin J. Kooman

Partner

Dolores M. Lare

Partner

James J. Lynch

Founding Partner

James Murphy

CFO

Jerry Plush

Partner

Steve Silverman

Senior Analyst

Rodney C. Whitwell

Principal

17 past transactions

Core10

Series B in 2023
Core10 is a North American-based company specializing in banking and lending products and services within the fintech and financial services industry. Their flagship product, Accrue, is a configurable lending and banking application built on the Salesforce Platform, tailored for community banks and credit unions aiming to enhance digital innovation. Core10 offers API integration and SaaS implementation services, providing customized solutions to meet specific client needs. The company's development team is based in smaller US communities, including Huntington, West Virginia; Martin, Tennessee; and Johnson City, Tennessee. This strategic location allows Core10 to maintain low costs while ensuring high-quality and secure development operations. With expertise in regulatory compliance and financial trends, Core10 supports top financial technology providers, banks, and credit unions.

Grasshopper Bank

Private Equity Round in 2022
Grasshopper Bank is a digital bank based in New York City, established in 2019, that focuses on serving the business and innovation economy. With a client-first approach, it offers a range of financial products, including loans and credit lines aimed at refinancing and acquisitions, specifically tailored to small and middle-market companies. The bank emphasizes leveraging advanced technology and providing solutions-driven services, supported by a dedicated team committed to delivering superior client experiences.

Finexio

Series B in 2022
Finexio operates a payment platform that streamlines accounts payable processes for medium and large corporations. By leveraging a unique network of closed loop systems, Finexio eliminates the need for paper checks, allowing businesses to identify suppliers that can be paid electronically. The platform facilitates direct transfers to suppliers' bank accounts without requiring sensitive bank account information, thereby reducing transaction costs associated with traditional payment methods. Finexio integrates with various payment aggregators, accounts payable automation, and procurement software, providing a more efficient payment solution that significantly lowers fees compared to standard commercial payment costs.

PatientFi

Venture Round in 2022
PatientFi, LLC operates a digital platform that facilitates financing for aesthetic medical procedures. Founded in 2017 and based in Irvine, California, the company allows patients to apply for credit online and collaborates with healthcare providers in elective sectors such as plastic surgery, dermatology, and dental care. Through its point-of-sale technology, PatientFi offers personalized financing plans, enabling patients to afford procedures like breast augmentation, mommy makeovers, and surgical facial rejuvenation. The company, previously known as PatientFirst Finance, aims to provide accessible financial solutions for those seeking health, beauty, and wellness treatments.

Finexio

Venture Round in 2022
Finexio operates a payment platform that streamlines accounts payable processes for medium and large corporations. By leveraging a unique network of closed loop systems, Finexio eliminates the need for paper checks, allowing businesses to identify suppliers that can be paid electronically. The platform facilitates direct transfers to suppliers' bank accounts without requiring sensitive bank account information, thereby reducing transaction costs associated with traditional payment methods. Finexio integrates with various payment aggregators, accounts payable automation, and procurement software, providing a more efficient payment solution that significantly lowers fees compared to standard commercial payment costs.

Finexio

Venture Round in 2021
Finexio operates a payment platform that streamlines accounts payable processes for medium and large corporations. By leveraging a unique network of closed loop systems, Finexio eliminates the need for paper checks, allowing businesses to identify suppliers that can be paid electronically. The platform facilitates direct transfers to suppliers' bank accounts without requiring sensitive bank account information, thereby reducing transaction costs associated with traditional payment methods. Finexio integrates with various payment aggregators, accounts payable automation, and procurement software, providing a more efficient payment solution that significantly lowers fees compared to standard commercial payment costs.

Georgia Banking Company

Funding Round in 2021
Georgia Banking Company is a financial services community bank that engages in the wholesale mortgage business. The company offers a competitive and robust range of personal and business financial services and banking products to help clients achieve economic success and financial security. Georgia Banking Company was founded in 2001 and is headquartered in Atlanta, Georgia.

Narmi

Series A in 2021
Narmi Inc. is a technology company based in New York that specializes in developing online and mobile banking applications for financial institutions across the United States. Founded in 2016, Narmi focuses on providing regional and community banks and credit unions with a platform that streamlines account opening processes, allowing clients to complete this in under 2.5 minutes. The company’s offerings include features such as fraud protection, multi-factor authentication, and transaction monitoring, which help enhance security and user experience. In addition to banking applications, Narmi also provides website design, development, and hosting services, as well as content generation and management solutions. Their goal is to enable financial institutions to attract, engage, and retain customers through an intuitive, omnichannel banking experience.

ActiveWorx

Series A in 2020
ActiveWorx is a prominent provider of Intelligent Financial Transaction Management and Business Process Automation solutions. The company has evolved from its origins as a consulting firm specializing in complex document management and workflow to a developer of advanced automation software. ActiveWorx focuses on accounts payable automation and payment processing, offering tools that enable clients to transition from manual or semi-manual invoice handling to fully automated systems. Its platform supports a diverse range of sectors, including banking, insurance, retail, manufacturing, distribution, and logistics. ActiveWorx efficiently processes high volumes of client invoices, with some clients managing hundreds of thousands each month. The company has facilitated over 10 million transactions, representing more than $22 billion in accounts payable spending, thereby significantly enhancing operational efficiency for its clients.

Numerated

Series B in 2019
Numerated is a fintech company that simplifies business banking for financial institutions and their clients through its digital lending platform. This platform enhances the customer experience by offering pre-filled digital applications and flexible decision automation, allowing banks and credit unions to efficiently process a wide range of business banking products. With over 400,000 businesses and 30,000 financial institution associates utilizing its services, Numerated has facilitated $50 billion in lending. The company serves financial institutions with a combined asset total of $1 trillion, including notable clients such as Bremer Bank and Eastern Bank. Numerated has received recognition for its impact in the industry, being named one of the Top 250 FinTechs by CB Insights and the Best Overall Business Lending Company by FinTech Breakthrough.

Grasshopper Bank

Private Equity Round in 2019
Grasshopper Bank is a digital bank based in New York City, established in 2019, that focuses on serving the business and innovation economy. With a client-first approach, it offers a range of financial products, including loans and credit lines aimed at refinancing and acquisitions, specifically tailored to small and middle-market companies. The bank emphasizes leveraging advanced technology and providing solutions-driven services, supported by a dedicated team committed to delivering superior client experiences.

First Bancshares of Texas

Venture Round in 2017
First Bancshares of Texas is a bank holding company, which through its subsidiaries offers banking services

Radius Bank

Acquisition in 2016
Radius Bank is a community bank based in Boston, Massachusetts, offering a comprehensive range of banking products and services to individuals, businesses, and organizations across the United States. Founded in 1987 and originally known as First Trade Union Bank, it rebranded to Radius Bank in 2014. With approximately $1.3 billion in assets, the bank provides various accounts, including checking and savings, alongside loans such as commercial, SBA, and personal loans. Radius Bank is recognized for its award-winning digital banking platform, which enables clients to manage their finances online or via mobile devices, featuring services like check deposit and bill pay. The bank also partners with fintech companies to offer white-label deposit products and banking-as-a-service solutions. As a member of the Federal Deposit Insurance Corporation, Radius Bank emphasizes personalized service while leveraging advanced technology to meet diverse banking needs.

Radius Bank

Private Equity Round in 2015
Radius Bank is a community bank based in Boston, Massachusetts, offering a comprehensive range of banking products and services to individuals, businesses, and organizations across the United States. Founded in 1987 and originally known as First Trade Union Bank, it rebranded to Radius Bank in 2014. With approximately $1.3 billion in assets, the bank provides various accounts, including checking and savings, alongside loans such as commercial, SBA, and personal loans. Radius Bank is recognized for its award-winning digital banking platform, which enables clients to manage their finances online or via mobile devices, featuring services like check deposit and bill pay. The bank also partners with fintech companies to offer white-label deposit products and banking-as-a-service solutions. As a member of the Federal Deposit Insurance Corporation, Radius Bank emphasizes personalized service while leveraging advanced technology to meet diverse banking needs.

Banc of California

Post in 2013
Banc of California, Inc. is a commercial bank headquartered in Santa Ana, California, serving the diverse financial needs of private businesses, entrepreneurs, and homeowners. Founded in 1941, the bank offers a range of banking products and services, including checking and savings accounts, certificates of deposit, and various loan products such as commercial, residential, and consumer loans. Additionally, it provides specialized services like cash and treasury management, foreign exchange, and internet banking. With a focus on simplifying banking for its clients, Banc of California is dedicated to delivering innovative solutions that enhance financial lives and support community growth. The bank operates a network of full-service branches primarily in Southern California, reinforcing its commitment to serving local clients.

Primis Financial

Private Equity Round in 2009
Primis Financial Corp serves as the bank holding company for Primis Bank, delivering a diverse array of financial services to individuals and small to medium-sized businesses. The bank specializes in providing both secured and unsecured loan options, with a significant focus on commercial real estate and various types of commercial loans. In addition to loan services, Primis Bank offers a comprehensive suite of deposit products, including personal and business checking accounts, savings accounts, money market accounts, and certificates of deposit. This wide-ranging approach enables Primis Financial to cater to the financial needs of a broad customer base, supporting their banking and lending requirements effectively.

Guaranty Bank & Trust Company

Series A in 2009
Guaranty Bancorp, previously known as Centennial Bank Holdings, Inc., operated as a bank holding company for Guaranty Bank and Trust Company until its acquisition by Independent Bank Group, Inc. in 2019. Headquartered in Denver, Colorado, Guaranty Bancorp provided a range of banking and financial services primarily to consumers and small to medium-sized businesses. The company offered various deposit products, including demand accounts, savings accounts, and certificates of deposit. Its lending portfolio included commercial loans, real estate loans, construction financing, and consumer loans. Additionally, Guaranty Bancorp provided wealth management services, such as private banking and investment management. With a strong community focus, the bank operated numerous branches along Colorado's Front Range, particularly in the Denver metropolitan area, serving the financial needs of individuals and businesses for over 50 years.
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