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Marathon Financial Ventures, LP |
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Marathon Capital Holdings, Inc. |
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Private Equity Advisory Financial Consulting |
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Marathon Financial Ventures, LP (MFV) is an investment partnership focused primarily on equity investments in private and micro-cap banks and thrifts. MFV’s initial capital call took place in January 2007. The Partnership was fully invested as of March 2009. The lock-up period for MFV’s capital is eight years from the Partnership’s inception.
MFV was formed largely in anticipation of problems engendered by the largest credit bubble in U.S. history. The Partnership expects to take advantage of deep value opportunities in recapitalized depository institutions and otherwise healthy depository franchises selling at distressed prices.
Nick Becker, a veteran bank and thrift investor and Managing Partner of Becker Investments, is a Member of the General Partner of MFV.
MFV’s portfolio includes investments in the following institutions: |
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First NBC Bank Holding Company Business: Community Bank Headquarters: New Orleans, Louisiana Total Assets: $780 million Market: Southeastern Louisiana Initial Investment: January 2007 Website: www.firstnbcbank.com |
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Community Bankshares, Inc. (parent of PBK Bank) Business: Community Bank Headquarters: Stanford, Kentucky Total Assets: $120 million Market: Central Kentucky Initial Investment: January 2007 Website: www.pbkbank.com |
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AB&T Financial Corp. Business: Community Bank Headquarters: Gastonia, North Carolina Total Assets: $170 million Markets: Charlotte-Gastonia, North Carolina Initial Investment: January 2007 Website: www.alliancebankandtrust.com |
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Pacific Premier Bancorp, Inc. Business: Community Bank Headquarters: Costa Mesa, California Total Assets: $740 million Market: Southern California Initial Investment: March 2009 Website: www.ppbi.com |
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Mackinac Financial Corporation Business: Community Bank Headquarters: Manistique, Michigan Total Assets: $450 million Markets: Upper Peninsula & Southeastern, Michigan Initial Investment: January 2009 Website: www.bankmbank.com |
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Guaranty Bancorp Business: Community Bank Headquarters: Denver, Colorado Total Assets: $2.1 billion Market: Denver, Colorado Initial Investment: January 2009 Website: www.gbnk.com |
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Embarcadero Bank Business: Community Bank Headquarters: San Diego, California Total Assets: $32 million Market: San Diego, California Initial Investment: January 2009 Website: www.embarcaderobank.com |
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BCSB Bankcorp, Inc. Business: Community Bank Headquarters: Baltimore, Maryland Total Assets: $590 million Market: Central Maryland Initial Investment: December 2008 Website: www.baltcosavings.com |
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American Business Bank Business: Community Bank Headquarters: Los Angeles, California Total Assets: $780 million Market: Southern California Initial Investment: March 2009 Website: www.americanbusinessbank.com |
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Marathon Financial Ventures, LP Advisory Board
C. Matthew Allen is a Managing Director of Milestone Advisors LLC and leads the Bank and Thrift Group. Prior to joining Milestone, Matt was a Managing Director for Howe Barnes Hoefer & Arnett and prior to that a Senior Vice President for Hovde Financial. Matt’s responsibilities at Milestone include the origination, structuring, and negotiation of merger and acquisition transactions, valuation of financial institutions, and identification and implementation of strategic alternatives for banks, thrifts and specialty finance companies. Matt is also responsible for structuring asset and liability sales, branch acquisitions and divestitures, and offerings of all types of equity and debt securities. Over his career Matt has led or negotiated over 40 financial services sector M&A transactions with a combined deal value of over $3 billion. Matt holds an MBA from the Mason School of Business at The College of William and Mary. He received his undergraduate degree in Biochemistry from Old Dominion University.
Mark G. Merlo is a partner at Castle Creek Capital, a private equity firm specializing in depository investments. Mark has over twenty years of banking experience including a stint at St. Louis-based Mercantile Bancorp where he was responsible for secondary marketing of the bank's mortgage portfolio. Previously, Mark was responsible for investment portfolio management, asset/liability management and mortgage pipeline hedging with United Postal Bancorp. Mark serves as Chairman of Atlanta Bancorporation, Inc., the bank holding company of Bank of Atlanta where he serves as a Board member. He is also Chairman of The BANKshares, Inc., the bank holding company for The Bank Brevard where Mark serves as a Board member. He holds a BSBA degree in finance from the University of Missouri.
Steve Rippe is CEO, Director and co-founder of Embarcadero Bank in San Diego, California. Steve has almost thirty years of banking experience. He was the CEO of three banks prior to organizing Embarcadero: First National Bank of San Diego, Highland Federal Bank, and Security Pacific Bank, Nevada. He has also served as Chief Operating Officer of two banks: Nevada National Bank and Imperial Thrift and Loan. From February 2001 to July 2003 Steve was a Managing Member of Hot Creek Capital, LLC, a private equity fund manager specializing in equity investments in small community banks and thrifts. He was one of three principals and was involved in all aspects of the investment process. Steve holds a BS from University of California at Santa Barbara. |
