About Centric Bank
Centric Bank is a company based in Harrisburg (United States) founded in 2007 was acquired by First Commonwealth Bank in August 2022.. Centric Bank has raised $20.04 million across 2 funding rounds from investors including First Commonwealth Bank. The company has 127 employees as of December 31, 2022. Centric Bank operates in a competitive market with competitors including Truist, Investec, Equity Bank, Citi and KeyBank, among others.
- Headquarter Harrisburg, United States
- Employees 127 as on 31 Dec, 2022
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Sectors
Financial Services
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$20.04 M (USD)
in 2 rounds
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Latest Funding Round
$20.04 M (USD), Series A
May 25, 2018
- Investors
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Employee Count
127
as on Dec 31, 2022
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Acquired by
First Commonwealth Bank
(Aug 30, 2022)
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Funding Insights of Centric Bank
Centric Bank has successfully raised a total of $20.04M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $20.04 million completed in May 2018. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Series A — $20.0M
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First Round
First Round
(20 Jun 2017)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2018 | Amount | Series A - Centric Bank | Valuation |
investors |
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| Jun, 2017 | Amount | Debt – Conventional - Centric Bank | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Centric Bank
Centric Bank has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include First Commonwealth Bank. 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 |
|---|---|---|---|---|
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First Commonwealth Bank is engaged in providing personal and business banking services.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Centric Bank
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Centric Bank
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Centric Bank Comparisons
Competitors of Centric Bank
Centric 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 Truist, Investec, Equity Bank, Citi and KeyBank, 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 |
Wealth advisory and banking services are offered to clients.
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| domain | founded_year | HQ Location |
Global banking, investment, and wealth management services are offered worldwide.
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| domain | founded_year | HQ Location |
Commercial banking services are provided to businesses and individuals.
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| domain | founded_year | HQ Location |
Diversified financial services are offered through commercial banking operations.
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| domain | founded_year | HQ Location |
Regional bank
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| domain | founded_year | HQ Location |
Diversified financial services are offered through commercial banking operations.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Centric Bank
Frequently Asked Questions about Centric Bank
When was Centric Bank founded?
Centric Bank was founded in 2007 and raised its 1st funding round 10 years after it was founded.
Where is Centric Bank located?
Centric Bank is headquartered in Harrisburg, United States. It is registered at Harrisburg, Pennsylvania, United States.
Who is the current CEO of Centric Bank?
Patricia Husic is the current CEO of Centric Bank.
Is Centric Bank a funded company?
Centric Bank is a funded company, having raised a total of $20.04M across 2 funding rounds to date. The company's 1st funding round was a Debt – Conventional of $4M, raised on Jun 20, 2017.
How many employees does Centric Bank have?
As of Dec 31, 2022, the latest employee count at Centric Bank is 127.
What does Centric Bank do?
Centric Bank was established in 2007 and is based in Harrisburg, United States. Operations are centered on commercial banking within the financial sector. Services include deposit accounts, lending, and related financial products for business clients. The institution supports regional economic activities through its core banking functions. Leadership is held by CEO and President Patricia Husic, with focus maintained on standard commercial operations.
Who are the top competitors of Centric Bank?
Who are Centric Bank's investors?
Centric Bank has 1 investor. Key investors include First Commonwealth Bank.