StoneCastle Partners
Specialized asset manager focused on the community banking industry
Year of Investment
2007
Sector(s)
Business & Consumer Services
Status
Current
Website
stonecastle.com(Link opens in new window)Headquarters
New York, NY
Team
StoneCastle Partners operates a leading provider of insured deposit solutions that manages more than $20 billion of client cash balances across its network of partners, made up of more than 1,000 insured depository institutions. The company provides safe and reliable funding to its bank and credit union partners by distributing client deposits in only insurable amounts across its network. StoneCastle provides a differentiated experience to its depositors via its 100% FDIC-insured product, competitive rates and on-demand liquidity functionality.
Investment Summary
Charlesbank made a significant minority investment into StoneCastle Partners in 2007, building on a long-term focus on the community bank and asset management sectors. The investment has allowed StoneCastle Partners to continuously invest in building out differentiated products and services for the community bank and credit union markets.