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

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 J Murphy

CFO

Jerry Plush

Partner

Rodney C. Whitwell

Principal

W. Kirk Wycoff

Managing Partner

17 past transactions

Core10

Series B in 2023
Core10 is a North American provider specializing in banking and lending products and financial technology services. Their flagship product, Accrue, is a configurable lending and onboarding application tailored for community banks and credit unions aiming to enhance digital innovation. Core10 offers comprehensive solutions, including API integration and SaaS implementation, to meet the unique needs of its clients in the financial sector. The company operates with a fully US-based development team situated in smaller communities in West Virginia and Tennessee, chosen for their pool of highly educated developers and lower cost of living compared to larger urban centers. This Hereshore business model allows Core10 to maintain competitive pricing while ensuring high-quality and secure development operations. With extensive experience in the fintech industry, the team at Core10 is well-acquainted with regulatory compliance and current financial trends, positioning the company as a valuable partner for financial institutions seeking to modernize their services.

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. The bank prioritizes a client-first approach, offering technology-driven solutions and products designed to meet the needs of small and middle-market companies. Grasshopper Bank provides various debt financing options, including loans and credit lines, aimed at refinancing and acquisitions. By combining advanced digital resources with dedicated personnel, Grasshopper Bank strives to deliver superior service to its clients.

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. The bank prioritizes a client-first approach, offering technology-driven solutions and products designed to meet the needs of small and middle-market companies. Grasshopper Bank provides various debt financing options, including loans and credit lines, aimed at refinancing and acquisitions. By combining advanced digital resources with dedicated personnel, Grasshopper Bank strives to deliver superior service to its clients.

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
With assets of approximately $1.3 billion, Radius Bank is a leading online bank committed to providing a full complement of accounts and services to meet the banking needs of consumers and business nationwide. Radius provides the product depth of a national brand, the technology of a fintech, and the personalized attention typically reserved for a local bank. Our award-winning digital banking platform allows clients to bank from anywhere with a computer or mobile device and provides convenient features such as check deposit, bill pay, card management, and a personal financial management dashboard. In addition, Radius’ suite of open APIs deliver a robust banking-as-a-service platform for FinTechs to quickly access core banking features and build best-in-class financial solutions. Radius specializes in partnering with forward-thinking FinTechs to provide white-label deposit products, cards, digital onboarding, and account management. Radius Bank is a member of the Federal Deposit Insurance Corporation and is an Equal Housing/Equal Opportunity Lender.

Radius Bank

Private Equity Round in 2015
With assets of approximately $1.3 billion, Radius Bank is a leading online bank committed to providing a full complement of accounts and services to meet the banking needs of consumers and business nationwide. Radius provides the product depth of a national brand, the technology of a fintech, and the personalized attention typically reserved for a local bank. Our award-winning digital banking platform allows clients to bank from anywhere with a computer or mobile device and provides convenient features such as check deposit, bill pay, card management, and a personal financial management dashboard. In addition, Radius’ suite of open APIs deliver a robust banking-as-a-service platform for FinTechs to quickly access core banking features and build best-in-class financial solutions. Radius specializes in partnering with forward-thinking FinTechs to provide white-label deposit products, cards, digital onboarding, and account management. Radius Bank is a member of the Federal Deposit Insurance Corporation and is an Equal Housing/Equal Opportunity Lender.

Banc of California

Post in 2013
Banc of California, Inc. is a commercial bank based in Santa Ana, California, that serves private businesses, entrepreneurs, and homeowners throughout the state. The bank offers a wide range of banking products, including deposit accounts such as checking, savings, and certificates of deposit, as well as various loan options including commercial, consumer, and residential mortgages. Additionally, Banc of California provides specialized services like treasury management, foreign exchange, and internet banking. The bank is dedicated to simplifying financial services through a customer-centric approach, aiming to support clients in managing their finances effectively while fostering community growth. Founded in 1941 and originally known as First PacTrust Bancorp, Banc of California has evolved to become a full-service institution that focuses on meeting the diverse needs of its clientele. As of late 2020, the bank operated 31 branches in Southern California.

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 Bancorp

Series A in 2009
Guaranty Bancorp, now a subsidiary of Independent Bank Group, Inc., was formerly known as Centennial Bank Holdings, Inc. and is headquartered in Denver, Colorado. The company operates through Guaranty Bank and Trust Company, providing a range of banking and financial services primarily to consumers and small to medium-sized businesses in Colorado. It accepts various deposit products, including demand accounts, savings accounts, and certificates of deposit. Guaranty Bancorp also offers a comprehensive suite of loan products, such as commercial and residential real estate loans, construction loans, and personal loans, along with wealth management services including private banking and investment management. The organization is committed to local community engagement and personalized service, with a focus on meeting the diverse financial needs of its customers.
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