About First Commons Bank
First Commons Bank is a company based in Newton (United States) founded in 2009 was acquired by Brookline Bank in February 2018.. First Commons Bank has raised $13.3 million across 2 funding rounds from investors including Brookline Bank. First Commons Bank operates in a competitive market with competitors including Truist, First Republic Bank, Equity Bank, Investec and UniCredit, among others.
- Headquarter Newton, 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
$13.3 M (USD)
in 2 rounds
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Latest Funding Round
$7.4 M (USD), Series A
Apr 20, 2011
- Investors
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Employee Count
Employee Count
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Acquired by
Brookline Bank
(Feb 23, 2018)
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Funding Insights of First Commons Bank
First Commons Bank has successfully raised a total of $13.3M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $7.4 million completed in April 2011. 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 — $7.4M
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First Round
First Round
(31 Mar 2011)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2011 | Amount | Series A - First Commons Bank | Valuation |
investors |
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| Mar, 2011 | Amount | Series A - First Commons 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 First Commons Bank
First Commons Bank has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Brookline 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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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 First Commons 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 - First Commons 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 |
First Commons Bank Comparisons
Competitors of First Commons Bank
First Commons 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, 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 |
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| 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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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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Frequently Asked Questions about First Commons Bank
When was First Commons Bank founded?
First Commons Bank was founded in 2009 and raised its 1st funding round 2 years after it was founded.
Where is First Commons Bank located?
First Commons Bank is headquartered in Newton, United States. It is registered at Newton, Massachusetts, United States.
Who is the current CEO of First Commons Bank?
Tony Nuzzo is the current CEO of First Commons Bank.
Is First Commons Bank a funded company?
First Commons Bank is a funded company, having raised a total of $13.3M across 2 funding rounds to date. The company's 1st funding round was a Series A of $5.9M, raised on Mar 31, 2011.
What does First Commons Bank do?
First Commons Bank was established in 2009 as a commercial bank based in Newton, United States. Operations focus on providing standard banking services, including deposit accounts, loans, and financial advisory for small to medium-sized enterprises and personal clients. Leadership is headed by CEO and President Tony Nuzzo. The institution serves the local and regional market within the financial services sector.
Who are the top competitors of First Commons Bank?
Who are First Commons Bank's investors?
First Commons Bank has 1 investor. Key investors include Brookline Bank.