Obama's Choice For Fed Is A Nod to Smaller Banks

January 6, 2015
The New York Times: Benyamin Appelbaum
President Obama said on Tuesday that he would nominate Allan R. Landon, the former chief executive of one of the largest banks in Hawaii, to a seat on the Federal Reserve’s Board of Governors.

Allan Landon Seen Boosting Community Bank Profile On Federal Reserve Board

January 6, 2015
Forbes: Antoine Gara
The Federal Reserve has been busy with so-called ‘too big to fail’ banks since the financial crisis, but the newest member of the central bank’s Board of Governors brings a perspective rooted in the world of small banks.

Firm Offers Banks New Capital Strategy

February 1, 2013
Portland Business Journal: Matthew Kish
A new Portland firm that invests in banks is getting ready to close a series of deals.

Former Bank of Hawaii CEO Helps Launch Community Bank Fund

December 4, 2012
SNL Financial: Kevin Dobbs
Former Bank of Hawaii Corp. CEO, Allan Landon, nixed his banking retirement this year in favor of a new fund focused on investing in community bank debt...

Basel III Spurs More Banks to Consider Subordinated Debt

November 1, 2012
American Banker: Andy Peters
Subordinated debt could be an option for community banks that need to raise capital but want to avoid dilute existing shareholders...

Investment Committee

Harrison Steans
Mr. Steans is the Chairman of the Executive Committee of Financial Investments Corporation ("FIC") and Chairman of the Steans Family Foundation. FIC was formed in 1994 to make private equity investments and to serve as the Steans family office. From 1967 through 1988, Mr. Steans was Chairman of USAmeribancs, Inc. (including Citizens Financial Bank, Elk Grove Bank, First National Bank of Highland Park, First National Bank of Skokie, Marina City Bank, and Woodfield Bank) and its predecessor institutions. During his tenure, the organization grew from a single $40 million bank to a six-bank holding company with assets exceeding $1.8 billion. In 1987, the bank holding company was sold to NBD Corporation, which is now part of the J.P. Morgan Chase organization. From 1973 through 1978, he was Chairman of LaSalle National Bank in Chicago, Illinois. This bank was sold to the Dutch organization in 1978 which is now ABN-AMRO. LaSalle was subsequently sold to Bank of America in 2007. In December of 1994, a group led by Mr. Steans acquired a controlling interest in PCB Bancorp Inc., the parent of Premier Community Bank of Florida (f/k/a Pinellas Community Bank). Mr. Steans served as Chairman of the Board of PCB Bancorp, Inc., which grew from a single-bank holding company with $64 million in assets to a four-bank holding company with approximately $675 million in assets. In May of 2004, PCB Bancorp Inc. and its subsidiary banks were sold to Colonial BancGroup. Mr. Steans is currently Chairman of the Executive Committee of Taylor Capital (NYSE: TAYC) and a board member of Florida-based USAmeriBank.

Jennifer Steans
Ms. Steans is Chief Executive Officer of Financial Investments Corp and is responsible for the firm's activities. From 1989 through 1993, she served as a consultant for the management consulting arm of Deloitte & Touche. Ms. Steans then served as Treasurer of Prime Graphics, Inc. until founding Financial Investments Corporation (“FIC”) in 1994. As CEO of FIC she oversees private equity investments and the Steans family office operations. In 2000, she joined the Board of Directors of PCB Bancorp, Inc. Upon its sale to Colonial BancGroup, Inc. in 2004, Ms. Steans served on the Advisory Board of the Florida West Coast region of Colonial Bank. She is currently Chairman of USAmeriBank and a board member of Taylor Capital (NYSE: TAYC). In addition to her responsibilities at CEP and FIC, Ms. Steans serves as a Director of Chicago Deferred Exchange Corp. and Prime Graphics, Inc., and she serves as an Advisory Board Member of Resource Land Fund III, LP and Siena Capital Partners. She received a B.A. from Davidson College and an MBA from The Kellogg School of Management at Northwestern University.

C. Bryan Daniels
Mr. Daniels formed Prairie Capital with Steve King in 1997, and shares overall management responsibility for Prairie. Mr. Daniels is responsible for deal generation and overseeing due diligence, deal structuring and negotiation, along with fundraising and investor relations. He also has portfolio management responsibility for Prairie Capital, and is currently a director for seven Prairie Capital portfolio companies, including Chicago Deferred Exchange Corp., Creditors Interchange, ProVest, R3 Education, Security Technologies, Taylor Capital Group and Titanium Solutions. Prior to establishing Prairie Capital, Mr. Daniels was a Senior Vice President of commercial banking at American National Bank & Trust Company, an $8 billion subsidiary of Bank One (now part of JP Morgan Chase). Overseeing more than $70 million in preferred stock investments in this division, he also served on the Investment Committee of ANB Mezzanine. In addition to his responsibilities at Prairie, Bryan is a Visiting Committee Member of the Physical Sciences Department at the University of Chicago, which fosters dialogue and creates links with the broader community. Mr. Daniels also sits on the board of Chicago Public Radio (WBEZ), a community-supported, public service broadcasting institution. Mr. Daniels graduated magna cum laude from Wabash College with a BA in Mathematics and Chemistry. He received a MBA from the University of Chicago, with concentrations in finance and accounting, and thereafter completed his MS in Computer Science at the University of Chicago.

Thomas K. Brown
Mr. Brown is the CEO of Second Curve Capital, a New York-based money management firm that invests primarily in financial services companies. He is also a contributing editor at Bloomberg television and the founder of bankstocks.com, a research-oriented website that focuses on financial services companies. Prior to starting Second Curve in 2000, Mr. Brown headed the North American financial services team at Tiger Management in New York. Before that, he spent 15 years on the sell side covering the financial services industry at Donaldson, Lufkin & Jenrette, PaineWebber, and Smith Barney. Institutional Investor magazine rated Mr. Brown as a top-ranked bank analyst on Wall Street for 12 consecutive years and was the #1 ranked regional bank analyst for 8 of his last 9 years on the sell-side. Mr. Brown began his career as an equity analyst at Kemper Financial Services in Chicago in 1980. He holds a B.A. in accounting from Miami University, Oxford, Ohio.

Frank Reppenhagen
Frank is a partner with CBC and founded the firm in 2012. Frank is responsible for managing the fund and all aspects of investing including sourcing, structuring and monitoring investments. From 2004-2011, Frank was a Principal with Concentric Equity Partners, a private investment subsidiary of Financial Investments Corp, the family office of the Chicago-based Steans family. In this capacity, Frank structured community bank investments and worked closely with bank management teams to achieve their strategic goals. The bank portfolio included USAmeriBank in Florida, Taylor Capital (NASDAQ: TAYC) in Illinois and Aliant Bank in Alabama. Prior to this, Frank spent 10 years involved in the acquisition, turnaround and sale of a private manufacturing business. Frank earned a BS Industrial Engineering from SUNY Buffalo and an MBA from University of Chicago.