Agility Bank Completes Capital Raise 33 Percent Over Opening Target
14 Setembro 2022 - 5:20PM
Agility Bank, N.A. announced today it has completed its capital
raise of almost $41 million. The bank raised 33 percent above the
$30 million required by regulators for the bank to open. Agility
Bank is the first Minority Depository Institution (MDI) in the
country formed for the purpose of focusing on women while serving
all.
“This incredibly successful capital raise speaks to our
investors’ commitment to address the gender gap by building more
equity and access to capital for women and minority businesses,”
said Lauren Sparks, founder and CEO. “These investors truly believe
in our mission of providing products and services, along with savvy
bankers, to enable small and mid-size businesses to thrive,
particularly those owned by women. We are putting women at the
table and ensuring they have a voice in their financial
futures.”
More than 350 investors, primarily Houstonians and majority
female, invested in this first-of-its-kind bank. In the spirit of
enabling more women and others to become investors, Agility
welcomed the formation of several investor groups comprised of
multiple people. “Those groups have a total of over 100 individual
additional investors, many of whom are small business owners,”
noted Sparks.
“It is gratifying this large number of investors, plus those in
the investor groups, are primarily Houstonians and comprised of
majority females,” said Edna Meyer-Nelson, chair of Agility Bank’s
board and president of The Richland Companies, a real estate
development company owned by women. “These investors clearly know
it is time for a commercial community bank to focus on those small
and mid-size companies that are growing our local economy. Many of
these business owners are—or will be—women.”
Bank of America joined several other banks in Agility’s capital
raise. Hong Ogle, President of Bank of America Houston, noted,
“Women entrepreneurs have long faced barriers to equal access to
capital. The investment by Bank of America in Agility is part of
our commitment to create economic opportunity, as well as elevate
and provide funding for Minority Depository Institutions that
support minority and women-owned small businesses.”
Sparks added, “We look forward to working even more closely with
our banking partners who have invested, as well as others who are
supportive in so many ways that will enable us to reach deep into
our community.”
About Agility Bank N.A.
Agility Bank is the
first primarily women-owned and led bank created for this purpose
in the U.S. awarded a special Minority Depository Institution
national charter by the Office of the Comptroller of the Currency.
With a focus on community business banking, the bank will serve all
small and mid-size businesses. Houston-based Agility provides a
flexible digital-based platform that is as close to a fintech
banking experience as business owners may need or want. Coupled
with the knowledge of savvy bankers, clients will have access to
personal service powered by robust technology. For more
information: www.agility.bank.
About Bank of AmericaBank of America is one of
the world’s leading financial institutions, serving individual
consumers, small and middle-market businesses and large
corporations with a full range of banking, investing, asset
management and other financial and risk management products and
services. The company provides unmatched convenience in the United
States, serving approximately 67 million consumer and small
business clients with approximately 4,100 retail financial centers,
approximately 16,000 ATMs, and award-winning digital banking with
approximately 54 million verified digital users. Bank of America is
a global leader in wealth management, corporate and investment
banking and trading across a broad range of asset classes, serving
corporations, governments, institutions and individuals around the
world. Bank of America offers industry-leading support to
approximately 3 million small business households through a suite
of innovative, easy-to-use online products and services. The
company serves clients through operations across the United States,
its territories and approximately 35 countries. Bank of America
Corporation stock (NYSE: BAC) is listed on the New York Stock
Exchange.
Contact:Eden Dombrowa713-324-8818eden@agility.bank
Bank of America (NYSE:BAC)
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