About Dogwood State Bank
Dogwood State Bank is a company based in Raleigh (United States) founded in 2018 was acquired by TowneBank in August 2025.. Dogwood State Bank has completed 1 acquisition, including Community First Bank. Dogwood State Bank offers products and services including Business Checking, Personal Checking, Online Banking, Loans, and Savings Accounts. Dogwood State Bank operates in a competitive market with competitors including Truist, Investec, Equity Bank, Citi and KeyBank, among others.
- Headquarter Raleigh, United States
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Sectors
Financial Services
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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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Latest Funding Round
- Investors
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Employee Count
Employee Count
- Investments & Acquisitions
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Acquired by
TowneBank
(Aug 20, 2025)
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Products & Services of Dogwood State Bank
Dogwood State Bank offers a comprehensive portfolio of products and services, including Business Checking, Personal Checking, Online Banking, Loans, and Savings Accounts. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Account for managing business transactions and finances
Account for everyday personal banking and payments
Platform for secure account access and transactions
Funding options for personal and business needs
Accounts for saving and earning interest
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Funding Insights of Dogwood State Bank
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 Dogwood State Bank
Dogwood State Bank has secured backing from 1 investor. Prominent investors backing the company include TowneBank. 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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Commercial banking services are provided to businesses and individuals.
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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 Dogwood State Bank
Dogwood State Bank has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Community First Bank. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| 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 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Commercial bank
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1990 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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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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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Dogwood State 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 |
Dogwood State Bank Comparisons
Competitors of Dogwood State Bank
Dogwood State 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 |
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Wealth advisory and banking services are offered to clients.
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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 |
Commercial banking services are provided across the United States.
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| Company Name | Domain | Founded year | HQ Location | Description |
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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 Dogwood State Bank
Frequently Asked Questions about Dogwood State Bank
When was Dogwood State Bank founded?
Dogwood State Bank was founded in 2018.
Where is Dogwood State Bank located?
Dogwood State Bank is headquartered in Raleigh, United States. It is registered at Raleigh, North Carolina, United States.
What does Dogwood State Bank do?
Dogwood State Bank is a North Carolina state-chartered community bank that provides banking products and services for businesses, business owners, professionals, and their employees in North Carolina. They offer online and mobile banking, checking accounts, savings accounts, credit cards, personal and business loans, and SBA 7(a), 504 and Express loan solutions.
Who are the top competitors of Dogwood State Bank?
What products or services does Dogwood State Bank offer?
Dogwood State Bank offers Business Checking, Personal Checking, Online Banking, Loans, and Savings Accounts.
How many acquisitions has Dogwood State Bank made?
Dogwood State Bank has made 1 acquisition, including Community First Bank.
Who are Dogwood State Bank's investors?
Dogwood State Bank has 1 investor. Key investors include TowneBank.