About First AmBank
First AmBank is a company based in Elk Grove Village (United States) founded in 1974.. First AmBank has raised $273.84 thousand across 2 funding rounds. The company has 281 employees as of December 31, 2021. First AmBank has completed 2 acquisitions, including Bank of Coral Gables and Southport Bank. First AmBank operates in a competitive market with competitors including Truist, First Republic Bank, Equity Bank, Investec and UniCredit, among others.
- Headquarter Elk Grove Village, United States
- Employees 281 as on 31 Dec, 2021
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Sectors
Financial Services
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Phone
*********
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Website
*********
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Social
*********
- Legal Name First American Bank
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$273.84 K (USD)
in 2 rounds
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Latest Funding Round
$2.3 M (USD), Debt – Conventional
Jun 21, 2023
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Investors
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Employee Count
281
as on Dec 31, 2021
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Investments & Acquisitions
Bank of Coral Gables
& 1 more
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Funding Insights of First AmBank
First AmBank has successfully raised a total of $273.84K across 2 strategic funding rounds. The most recent funding activity was a Debt – Conventional round of $2.3 million completed in June 2023. 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 Debt – Conventional — $2.3M
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First Round
First Round
(23 Jan 2015)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2023 | Amount | Debt – Conventional - First AmBank | Valuation |
investors |
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| Jan, 2015 | Amount | Unspecified - First AmBank | 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 |
Investments & Acquisitions by First AmBank
First AmBank has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include Bank of Coral Gables and Southport 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 |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Commercial bank
|
2006 | ||||
|
Commercial banking services are provided to businesses and individuals.
|
1997 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
|
2017 | ||||
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Bionic investment advisor platform
|
2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 |
Financial Statements - First AmBank
| 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 |
First Ambank Comparisons
Competitors of First AmBank
First AmBank 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, First Republic Bank, Equity Bank, Investec and UniCredit, 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 |
Commercial bank
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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 |
Global banking, investment, and wealth management services are offered worldwide.
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| domain | founded_year | HQ Location |
Commercial bank
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| domain | founded_year | HQ Location |
Commercial banking and wealth management services are offered globally.
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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 First Ambank
Frequently Asked Questions about First AmBank
When was First AmBank founded?
First AmBank was founded in 1974 and raised its 1st funding round 41 years after it was founded.
Where is First AmBank located?
First AmBank is headquartered in Elk Grove Village, United States. It is registered at Elk Grove Village, Illinois, United States.
Is First AmBank a funded company?
First AmBank is a funded company, having raised a total of $273.84K across 2 funding rounds to date. The company's 1st funding round was a Unspecified of $273.84K, raised on Jan 23, 2015.
How many employees does First AmBank have?
As of Dec 31, 2021, the latest employee count at First AmBank is 281.
What does First AmBank do?
First American Bank was founded in 1974 and is headquartered in Elk Grove Village, United States. Operations are focused on the commercial banking sector, where deposit accounts, loans, and related financial services are offered to corporate clients and personal customers. The bank maintains a presence through its domain, firstambank.com, supporting regional economic activities in the area. Standard regulatory compliance is adhered to in all transactions.
Who are the top competitors of First AmBank?
How many acquisitions has First AmBank made?
First AmBank has made 2 acquisitions, including Bank of Coral Gables, and Southport Bank.