The Bank Slate


J.C. Flowers buys minority stake in Baltimore bank

Capital Funding Bancorp in Baltimore has received a $125 million investment from J.C. Flowers & Co.

The investment firm said in a press release that it could increase its investment in the parent of the $5 billion-asset CFG Bank to $165 million over the next five years.

Louis Vachon, J.C. Flowers’ operating partner and a former president and CEO of National Bank of Canada, and Tom Harding, a managing director, will join Capital Funding’s board.

“As our business continues to grow, this investment will support our trajectory and enable us to maintain our big bank capabilities and expertise, coupled with our relationship-driven boutique bank service, that differentiate us in the market,” Jack Dwyer, Capital Funding’s chairman, said in the release.

“Through this partnership, we look forward to continuing our track record of consistent, profitable growth,” Dwyer added.

PNC FIG Advisory advised Capital Funding and acted as the placement agent, while Hunton Andrews Kurth provided legal counsel. Sullivan & Cromwell advised J.C. Flowers.

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