TITLE

PE-Backed Piedmont Eyes Buyouts

AUTHOR(S)
Barba, Robert
PUB. DATE
February 2010
SOURCE
American Banker;2/11/2010, Vol. 175 Issue 23, p1
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article discusses the business plans of Piedmont Community Bank Holdings Inc. and its chief executive Scott Custer. Backed by private-equity firms Stone Point Capital LLC and Lightyear Capital LLC, Piedmont will pursue a strategy of growth by acquisition. Custer says his bank would be particularly interested in buying troubled institutions with the aid of the Federal Deposit insurance Corp.
ACCESSION #
48066784

 

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