StoneCastle Partners Receives Minority Investment from Canadian Imperial Bank of Commerce

StoneCastle Partners, LLC, a New York City-based asset management and financial services company dedicated to investing and serving the community banking sector, has received a minority investment from Canadian Imperial Bank of Commerce (“CIBC”, TSE: CM | NYSE: CM).

The amount and other terms of the transaction were not disclosed.

CIBC, which joins middle market private equity firm Charlesbank Capital Partners as a minority investor in StoneCastle, will support the company as it seeks to expand the products and services it provides to community banks and institutional investors.

Founded in 2003, StoneCastle is a large investor in community banks and has developed a network of relationships with banking institutions located throughout the U.S. The company currently manages more than $4.0 billion in assets and offers cash management, capital market, and advisory services to banks and institutional investors.

Following the investment, StoneCastle’s current management team, led by Joshua Siegel, George Shilowitz, and Matthew Mayers will continue to manage the firm’s strategy and direction.

FinSMEs

06/09/2012

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