Banking
C&C Alpha Group Investments has extensive experience in the financial services sector and in particular banking. Our team has been active at board level in the successful turnaround and public listing of two banks in the US and have significant insight into upcoming opportunities in the sector across multiple regions.
Our Founder Bhanu Choudhrie, sits on the board of Customers Bancorp (NYSE: CUBI). Customers Bancorp is the parent company of Customers Bank and BankMobile.
Since Customers started in 2009, it has continued diversify and grow its deposit base by focusing on high touch service and a single point of contact model to ensure that customers have the high- quality, personalized support they need to improve their banking experience.
In 2014, the BankMobile platform was developed by Customers Bank to serve millennials and the under- banked. BankMobile added its first White Label partner, T-Mobile Wireless in late 2018, and had grown White Label deposits to nearly $50 million as of 30th June 2019 and expects continued strong growth through year-end. The business continues to work a pipeline of additional White Label partners.
In addition, Bhanu also sat on the board of Atlantic Coast Financial Corporation during its turnaround, listing and subsequent successful exit via its sale to Ameris Bancorp for $145 million in May 2018.
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