Bankers Helping Bankers Fund: A Growing Force
for Community Banking
for Community Banking
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FOR IMMEDIATE RELEASE
AUSTIN, TX - October 31, 2023 - The Bankers Helping Bankers (BHB) Fund is uniquely positioned to harness the power of community bank investors to drive advancement in financial capabilities for community banks and our nation, and today welcomes four additional new community bank investors. Fannin Bank, Dream First Bank, Ozona Bank, and Generations Bank are the latest to join the BHB Fund as limited partners. |
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Recognizing the challenges faced by community banks in navigating the fast-paced world of technology and finance, BHB Fund offers a distinctive solution that taps into the intelligence and expertise of these institutions.
"The BHB Fund is driven by its mission to support community bank advancement and growth to reshape the financial landscape,” said Dave Mayo, Founder of Bankers Helping Bankers and Advisor and Limited Partner of the BHB Fund. “We recognize the significance of community bank innovation as a cornerstone in building a more stable and innovative financial future for our country and we are proud to have four more banks join in our journey.”
At the heart of our venture capital fund lies an extraordinary consortium of partners and community bank investors and we are thrilled that our new bank investors are joining us to continue to pave the way for innovation in the financial industry. Their experience, along with our other bank investors, serves as a lighthouse, guiding our portfolio companies toward the brightest horizons.
Generations Bank CEO/Chairman, Jon Harrell said “We are excited for the opportunity to partner with the BHB Fund. As we look toward the future of community banking, partnerships like this will be instrumental in competing in an ever-changing industry landscape”
The BHB Fund stands at the forefront of financial innovation for community banks and the new partnership with each of these new bank investors signifies our dedication to redefining what is possible for community banks. We look forward to an extraordinary partnership, bringing stability and innovation to the financial sector.
For more information about the BHB Fund, please visit https://www.bhbfundvc.com/
About BHB Fund
The BHB Fund is a community bank-focused fintech venture capital fund managed by Latitude38 Venture Partners in partnership with IBAT Services, Inc., a subsidiary of the Independent Bankers Association of Texas (IBAT) and FedFis. Latitude38 Venture Partners was launched in 2022 by General Partners Neeraj Vohra and Richard Leggett who bring extensive investing and operating experience. Camden Fine, former President and CEO of the Independent Community Bankers of America (ICBA), serves as a Venture Partner at the BHB Fund along with Christopher Williston - CEO of IBAT, and Dave and Tanner Mayo – CEO and President of FedFis. The BHB Fund is affiliated with the Bankers Helping Bankers Network, launched in 2021 as a collaboration between FedFis and IBAT. The BHB Fund is a fintech-focused venture capital fund “for banks, by banks” that was created to provide community banks with a dual set of benefits: (i) exposure to a diversified portfolio of FinTech investments that improve the competitiveness and efficiency of banks; and (ii) the potential to earn outsized venture capital returns that are uncorrelated to traditional bank operations.
About Fannin Bank
Chartered in 1921 in Windom, Texas, as a cotton exchange bank, Fannin Bank has served the people of Fannin County, Texas, and surrounding areas. Fannin Bank celebrated its 100th anniversary in 2021 and still serves the place where it came from. The bank is now based in Bonham, TX, and has a branch in Honey Grove to serve more people. Weathering many economic storms in its 100-year history, Fannin Bank is considered a vital bank in Fannin County to those it serves.
About Dream First Bank
Dream First Bank, originating as the First National Bank of Syracuse in 1906, has grown to 10 branches in southern Kansas. Dream First Bank was awarded the 2019 Extraordinary Bank of Year and in 2022 inducted into the Institute for Extraordinary Banking Hall of Fame and lives out it’s vision, “Every Life We Touch is Improved” for its customers from coast to coast.
About Ozona Bank
Ozona Bank was Chartered in 1905 in Ozona, Texas, with currently four branches across 3 counties in Texas. Our primary mission is serving our customers and communities to help them thrive. Ozona Bank is proud of its past and continues to be recognized as a community bank that is strong, independent, and progressive. We offer a wide range of modern banking conveniences and investment opportunities while remaining firmly rooted in our old-fashioned commitment to customers. We are a community bank and personal service is the hallmark of our business.
About Generations Bank
Established in 1907, Generations Bank is a full-service community bank that provides a variety of banking products to serve the needs of individuals and businesses alike. The bank’s name pays homage to the rich history present in the generational leadership of the Harrell family. Generations Bank currently has 10 locations in Arkansas serving the communities of Bentonville, Camden, Fayetteville, Hampton, Junction City, Rogers, Siloam Springs, and Van Buren, and 1 location in Missouri serving the Kimberling City community.
Media Contact:
Rachel Hernandez
[email protected]
"The BHB Fund is driven by its mission to support community bank advancement and growth to reshape the financial landscape,” said Dave Mayo, Founder of Bankers Helping Bankers and Advisor and Limited Partner of the BHB Fund. “We recognize the significance of community bank innovation as a cornerstone in building a more stable and innovative financial future for our country and we are proud to have four more banks join in our journey.”
At the heart of our venture capital fund lies an extraordinary consortium of partners and community bank investors and we are thrilled that our new bank investors are joining us to continue to pave the way for innovation in the financial industry. Their experience, along with our other bank investors, serves as a lighthouse, guiding our portfolio companies toward the brightest horizons.
Generations Bank CEO/Chairman, Jon Harrell said “We are excited for the opportunity to partner with the BHB Fund. As we look toward the future of community banking, partnerships like this will be instrumental in competing in an ever-changing industry landscape”
The BHB Fund stands at the forefront of financial innovation for community banks and the new partnership with each of these new bank investors signifies our dedication to redefining what is possible for community banks. We look forward to an extraordinary partnership, bringing stability and innovation to the financial sector.
For more information about the BHB Fund, please visit https://www.bhbfundvc.com/
About BHB Fund
The BHB Fund is a community bank-focused fintech venture capital fund managed by Latitude38 Venture Partners in partnership with IBAT Services, Inc., a subsidiary of the Independent Bankers Association of Texas (IBAT) and FedFis. Latitude38 Venture Partners was launched in 2022 by General Partners Neeraj Vohra and Richard Leggett who bring extensive investing and operating experience. Camden Fine, former President and CEO of the Independent Community Bankers of America (ICBA), serves as a Venture Partner at the BHB Fund along with Christopher Williston - CEO of IBAT, and Dave and Tanner Mayo – CEO and President of FedFis. The BHB Fund is affiliated with the Bankers Helping Bankers Network, launched in 2021 as a collaboration between FedFis and IBAT. The BHB Fund is a fintech-focused venture capital fund “for banks, by banks” that was created to provide community banks with a dual set of benefits: (i) exposure to a diversified portfolio of FinTech investments that improve the competitiveness and efficiency of banks; and (ii) the potential to earn outsized venture capital returns that are uncorrelated to traditional bank operations.
About Fannin Bank
Chartered in 1921 in Windom, Texas, as a cotton exchange bank, Fannin Bank has served the people of Fannin County, Texas, and surrounding areas. Fannin Bank celebrated its 100th anniversary in 2021 and still serves the place where it came from. The bank is now based in Bonham, TX, and has a branch in Honey Grove to serve more people. Weathering many economic storms in its 100-year history, Fannin Bank is considered a vital bank in Fannin County to those it serves.
About Dream First Bank
Dream First Bank, originating as the First National Bank of Syracuse in 1906, has grown to 10 branches in southern Kansas. Dream First Bank was awarded the 2019 Extraordinary Bank of Year and in 2022 inducted into the Institute for Extraordinary Banking Hall of Fame and lives out it’s vision, “Every Life We Touch is Improved” for its customers from coast to coast.
About Ozona Bank
Ozona Bank was Chartered in 1905 in Ozona, Texas, with currently four branches across 3 counties in Texas. Our primary mission is serving our customers and communities to help them thrive. Ozona Bank is proud of its past and continues to be recognized as a community bank that is strong, independent, and progressive. We offer a wide range of modern banking conveniences and investment opportunities while remaining firmly rooted in our old-fashioned commitment to customers. We are a community bank and personal service is the hallmark of our business.
About Generations Bank
Established in 1907, Generations Bank is a full-service community bank that provides a variety of banking products to serve the needs of individuals and businesses alike. The bank’s name pays homage to the rich history present in the generational leadership of the Harrell family. Generations Bank currently has 10 locations in Arkansas serving the communities of Bentonville, Camden, Fayetteville, Hampton, Junction City, Rogers, Siloam Springs, and Van Buren, and 1 location in Missouri serving the Kimberling City community.
Media Contact:
Rachel Hernandez
[email protected]
Source: FI FinTech Newsroom