Current Investments AloStar Bank of Commerce


Fund: Trident V
Investment Date: April 2011
Sector: Banking
www.alostarbank.com

 

AloStar Bank of Commerce was established to acquire the business of Nexity Bank from the Federal Deposit Insurance Corporation in a government-assisted transaction. AloStar, which is based in Birmingham, Alabama, maintained Nexity’s internet deposit gathering strategy, as well as its correspondent banking business plan. As a “bankers’ bank,” AloStar provides services to community banks throughout the United States. In addition, AloStar’s management team focuses on the generation of commercial loans to small- and medium-sized businesses, including high-quality, asset-based loans. Trident V acquired its interest in AloStar in the April 2011 recapitalization of the bank.