A $6 million investment that a Richmond private equity fund made in a Florida bank has gone up in smoke.
Tim Anonick
Monday Q&A: ‘We’re overwhelmed with prospects’
Community Bank Investors of America, better known as CBIA, is a private equity fund founded in 2007 by two locals to identify struggling, undervalued community banks, take an equity position in them and, in some cases, take over leadership of the bank. This week RBS chats with one of the founders about the challenges of that sort of work these days.