About ABC Bank
ABC Bank is a company based in Chicago (United States) founded in 1891 was acquired by Old Second in January 2018.. ABC Bank operates in a competitive market with competitors including TDECU, Idaho Central Credit Union, Gesa Credit Union, Simmons Bank and Affinity Plus, among others.
- Headquarter Chicago, United States
-
Sectors
Financial Services
-
Phone
*********
-
Website
*********
-
Social
*********
-
Annual Revenue
-
Net Profit
-
EBITDA
-
Latest Funding Round
$600 K (USD), Grant
Sep 30, 2010
-
Investors
Old Second
& 1 more
-
Employee Count
Employee Count
-
Acquired by
Old Second
(Jan 08, 2018)
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Unlock access to complete
Funding Insights of ABC Bank
- Total Funding Total Funding
- Total Rounds 2
- Last Round Grant — $600,000
-
First Round
First Round
(20 Aug 2009)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2010 | Amount | Grant - ABC Bank | Valuation |
investors |
|
| Aug, 2009 | Amount | Grant - ABC Bank | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in ABC Bank
ABC Bank has secured backing from 2 investors, including institutional investors. Prominent investors backing the company include Old Second and U.S. Department of the Treasury. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
The U.S. Department of the Treasury is tasked with formulating and implementing fiscal policy for the United States government.
|
Founded Year | Domain | Location | |
|
Commercial bank
|
Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
|
Founded Year | Domain | Location | |
|
Startup ecosystems are ignited through strategic investments by Signite Partners.
|
Founded Year | Domain | Location | |
|
Venture capital is directed toward companies in multiple sectors.
|
Founded Year | Domain | Location | |
|
Venture capital is invested in cybersecurity, fintech, and AI startups.
|
Founded Year | Domain | Location |
Investments & Acquisitions by ABC Bank
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
Financial Statements - ABC Bank
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Abc Bank Comparisons
Competitors of ABC Bank
ABC Bank operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as TDECU, Idaho Central Credit Union, Gesa Credit Union, Simmons Bank and Affinity Plus, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Provides checking, savings, loans, credit cards, and mortgages to members.
|
|
| domain | founded_year | HQ Location |
ICCU offers checking accounts, savings, loans, credit cards, and online banking services.
|
|
| domain | founded_year | HQ Location |
Urban credit union
|
|
| domain | founded_year | HQ Location |
Commercial banking services are provided to businesses and individuals.
|
|
| domain | founded_year | HQ Location |
Provides banking, loans, investments, and rewards for individuals and businesses.
|
|
| domain | founded_year | HQ Location |
Offers banking services, loans, and digital tools for credit union members.
|
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
|
|
| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
|
|
| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
|
|
| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
|
Frequently Asked Questions about ABC Bank
When was ABC Bank founded?
ABC Bank was founded in 1891 and raised its 1st funding round 118 years after it was founded.
Where is ABC Bank located?
ABC Bank is headquartered in Chicago, United States. It is registered at Chicago, Illinois, United States.
Who is the current CEO of ABC Bank?
Colette Loesher is the current CEO of ABC Bank.
What does ABC Bank do?
ABC Bank was established in 1891 as a credit union based in Chicago, United States. Operations are centered on the financial sector, with services such as deposits, loans, and member accounts managed through the domain abcbank.net. The institution serves local urban populations, emphasizing community-based banking. Oversight is handled by CEO President Colette Loesher, ensuring adherence to cooperative principles in daily activities.
Who are the top competitors of ABC Bank?
ABC Bank's top competitors include Simmons Bank, Truliant Federal Credit Union and Gesa Credit Union.
Who are ABC Bank's investors?
ABC Bank has 2 investors. Key investors include Old Second, and U.S. Department of the Treasury.