First Bank of the Palm Beaches
About First Bank of the Palm Beaches
First Bank of the Palm Beaches is a company based in West Palm Beach (United States) founded in 2006 was acquired by Seacoast Banking Corporation of Florida in June 2019.. First Bank of the Palm Beaches has raised $5 million across 1 funding round from investors including Seacoast Banking Corporation of Florida. First Bank of the Palm Beaches operates in a competitive market with competitors including Truist, First Republic Bank, Equity Bank, Investec and UniCredit, among others.
- Headquarter West Palm Beach, United States
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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
$5 M (USD)
in 1 rounds
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Latest Funding Round
$5 M (USD), Series A
Jul 01, 2014
- Investors
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Employee Count
Employee Count
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Acquired by
Seacoast Banking Corporation of Florida
(Jun 01, 2019)
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Funding Insights of First Bank of the Palm Beaches
First Bank of the Palm Beaches has successfully raised a total of $5M through 1 strategic funding round. The most recent funding activity was a Series A round of $5 million completed in July 2014. 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 1
- Last Round Series A — $5.0M
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First Round
First Round
(01 Jul 2014)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2014 | Amount | Series A - First Bank of the Palm Beaches | 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 First Bank of the Palm Beaches
First Bank of the Palm Beaches has secured backing from 1 investor. Prominent investors backing the company include Seacoast Banking Corporation of Florida. 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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Full-service investment banking is provided for small markets.
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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 First Bank of the Palm Beaches
| 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 - First Bank of the Palm Beaches
| 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 Bank Of The Palm Beaches Comparisons
Competitors of First Bank of the Palm Beaches
First Bank of the Palm Beaches 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 |
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| 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 Bank Of The Palm Beaches
Frequently Asked Questions about First Bank of the Palm Beaches
When was First Bank of the Palm Beaches founded?
First Bank of the Palm Beaches was founded in 2006 and raised its 1st funding round 8 years after it was founded.
Where is First Bank of the Palm Beaches located?
First Bank of the Palm Beaches is headquartered in West Palm Beach, United States. It is registered at West Palm Beach, Florida, United States.
Is First Bank of the Palm Beaches a funded company?
First Bank of the Palm Beaches is a funded company, having raised a total of $5M across 1 funding round to date. The company's 1st funding round was a Series A of $5M, raised on Jul 01, 2014.
What does First Bank of the Palm Beaches do?
First Bank of the Palm Beaches was established in 2006 in West Palm Beach, United States, as a commercial bank. Operations focus on providing deposit accounts, loans, and financial services to businesses and individuals within the local area. The institution serves the South Florida market, emphasizing community-based banking practices. Geographic emphasis is placed on the Palm Beaches, with standard regulatory compliance maintained for regional operations.
Who are the top competitors of First Bank of the Palm Beaches?
Who are First Bank of the Palm Beaches's investors?
First Bank of the Palm Beaches has 1 investor. Key investors include Seacoast Banking Corporation of Florida.