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Key people at The Banc Funds Company.
The Banc Funds Company, now 1st & Main Growth Partners, provides private capital and strategic guidance to small, privately-held financial service companies, predominantly subregional banks. It targets institutions with assets typically under $700 million, investing by acquiring bank stock. Beyond capital, the firm advises management on strategic planning and business mix, fostering growth and shareholder value.
Founded in 1986 by Charles J. Moore, The Banc Funds Company arose from the insight that smaller banking sector participants required specialized capital and guidance. Moore dedicated the firm to backing subregional banks, believing strategic investment and expert counsel could transform ambitious institutions into robust competitors, a principle which has guided the firm for over three decades.
The firm serves small, U.S.-based financial service companies and banks focused on expansion and operational improvement. Its vision is to remain the leading investor in this niche, continuously fostering the evolution of its portfolio companies. Providing critical resources and strategic insights, The Banc Funds Company facilitates sustained growth and success for partners within the dynamic financial services landscape.
The Banc Funds Company has 2 tracked investments across 2 companies. The latest tracked deal is $8.0M Series A in Verdata in August 2025.
| Date | Company | Round | Lead Investor(s) | Co-Investor(s) |
|---|---|---|---|---|
| Aug 21, 2025 | Verdata | $8.0M Series A | Paul Purcell | Front Porch Ventures, Overline |
| Feb 1, 2023 | Treasury Prime | $40.0M Series C | — | Deciens Capital, Invicta Management, QED, SaaStr Fund |
Key people at The Banc Funds Company.