About Monroe Bank & Trust
Monroe Bank & Trust is a company based in Detroit (United States) founded in 1858 was acquired by First Merchants Bank in October 2018.. Monroe Bank & Trust offers products and services including Checking Accounts, Online Banking, and Loans. Monroe Bank & Trust operates in a competitive market with competitors including Truist, Investec, Equity Bank, Citi and KeyBank, among others.
- Headquarter Detroit, United States
- Stage Public
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Sectors
Financial Services
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Mbt Financial Corp
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
$14 M (USD), Post-IPO
Dec 30, 2013
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Investors
First Merchants Bank
& 2 more
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Employee Count
Employee Count
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Acquired by
First Merchants Bank
(Oct 10, 2018)
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Products & Services of Monroe Bank & Trust
Monroe Bank & Trust offers a comprehensive portfolio of products and services, including Checking Accounts, Online Banking, and Loans. 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.
Accounts for daily transactions and deposits with overdraft options.
Platform for remote account management and bill payments.
Personal and business loans for financing needs and growth.
Funding Insights of Monroe Bank & Trust
- Total Funding Total Funding
- Total Rounds 3
- Last Round Post-IPO — $14.0M
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First Round
First Round
(23 Sep 2010)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2013 | Amount | Post-IPO - Monroe Bank & Trust | Valuation |
investors |
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| Mar, 2013 | Amount | Post-IPO - Monroe Bank & Trust | Valuation |
investors |
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| Sep, 2010 | Amount | Post-IPO - Monroe Bank & Trust | 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 Monroe Bank & Trust
Monroe Bank & Trust has secured backing from 3 investors, including venture fund and institutional investors. Prominent investors backing the company include First Merchants Bank, Castle Creek Capital and Patriot Financial Partners. 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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Founded Year | Domain | Location | |
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Private equity investments are targeted at US companies.
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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 Monroe Bank & Trust
| 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 - Monroe Bank Trust
| 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 |
Monroe Bank & Trust Comparisons
Competitors of Monroe Bank & Trust
Monroe Bank & Trust 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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Frequently Asked Questions about Monroe Bank & Trust
When was Monroe Bank & Trust founded?
Monroe Bank & Trust was founded in 1858 and raised its 1st funding round 152 years after it was founded.
Where is Monroe Bank & Trust located?
Monroe Bank & Trust is headquartered in Detroit, United States. It is registered at Detroit, Michigan, United States.
Who is the current CEO of Monroe Bank & Trust?
Douglas Chaffin is the current CEO of Monroe Bank & Trust.
What does Monroe Bank & Trust do?
Monroe Bank Trust was established in 1858 and is headquartered in Detroit, United States. Operations are centered on commercial banking within the financial sector. Services include deposit accounts, lending, and trust management for businesses and individuals. The institution is led by CEO and President Douglas Chaffin. Focus remains on regional economic support through standard banking practices.
Who are the top competitors of Monroe Bank & Trust?
What products or services does Monroe Bank & Trust offer?
Monroe Bank & Trust offers Checking Accounts, Online Banking, and Loans.
Who are Monroe Bank & Trust's investors?
Monroe Bank & Trust has 3 investors. Key investors include First Merchants Bank, Castle Creek Capital, and Patriot Financial Partners.