About Suncrest Bank
Suncrest Bank is a company based in Visalia (United States) founded in 2008 was acquired by Citizens Business Bank in July 2021.. Suncrest Bank has completed 2 acquisitions, including Community Biz Bank and Security First Bank. Suncrest Bank operates in a competitive market with competitors including Truist, First Republic Bank, Investec, Equity Bank and UniCredit, among others.
- Headquarter Visalia, 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
*********
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
$25 M (USD), Post-IPO
May 23, 2018
- Investors
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Employee Count
Employee Count
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Investments & Acquisitions
Community Biz Bank
& 1 more
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Acquired by
Citizens Business Bank
(Jul 28, 2021)
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Software Development Team
51 people
Leadership Team
44 people
Legal and Compliance
8 people
Operations Team
6 people
Sales and Marketing
5 people
Finance and Accounting
4 people
Data Analysis and Operations Team
3 people
Human Resources and Administration
3 people
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Funding Insights of Suncrest Bank
- Total Funding Total Funding
- Total Rounds 2
- Last Round Post-IPO — $25.0M
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First Round
First Round
(04 May 2015)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2018 | Amount | Post-IPO - Suncrest Bank | Valuation |
investors |
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| May, 2015 | Amount | Post-IPO - Suncrest 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 Suncrest Bank
Suncrest Bank has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Citizens Business 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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Diversified financial services are delivered to business clients.
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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 Suncrest Bank
Suncrest Bank has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include Community Biz Bank and Security 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 banking services are provided in Fresno, United States.
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2007 | ||||
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Retail and business banking services are provided to communities.
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2005 |
| 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 - Suncrest 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 |
Suncrest Bank Comparisons
Competitors of Suncrest Bank
Suncrest 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, Investec, Equity Bank 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 |
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 |
Commercial bank
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| domain | founded_year | HQ Location |
Regional bank
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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 Suncrest Bank
Frequently Asked Questions about Suncrest Bank
When was Suncrest Bank founded?
Suncrest Bank was founded in 2008 and raised its 1st funding round 7 years after it was founded.
Where is Suncrest Bank located?
Suncrest Bank is headquartered in Visalia, United States. It is registered at Visalia, California, United States.
Who is the current CEO of Suncrest Bank?
Ciaran McMullan is the current CEO of Suncrest Bank.
What does Suncrest Bank do?
Suncrest Bank was founded in 2008 in Visalia, United States, where it operates as a community bank. Financial services such as deposits, loans, and personal banking are extended to individuals and small businesses in the region. Leadership is provided by CEO and President Ciaran McMullan. The banks activities are centered on supporting local economic needs, with its website accessible at suncrestbank.com.
Who are the top competitors of Suncrest Bank?
How many acquisitions has Suncrest Bank made?
Suncrest Bank has made 2 acquisitions, including Community Biz Bank, and Security First Bank.
Who are Suncrest Bank's investors?
Suncrest Bank has 1 investor. Key investors include Citizens Business Bank.