First National Bank joins business development fund
St. Louis Business Journal
July 21, 2010
Read more: First National Bank joins business development fund - St. Louis Business Journal First National Bank of St. Louis has joined the St. Louis Business Development Fund as the company's newest shareholder.
The bank joins 27 other area banks, St. Louis County Economic Council, St. Louis Development Corp. and the Economic Development Center of St. Charles County.
The Saint Louis Business Development Fund invests in selected locally based, growing companies that demonstrate significant potential for success but are unable to access sufficient senior debt to finance organic growth or acquisitions. The St. Louis County Economic Council manages the fund.
Clayton-based First National Bank had $1.5 billion in assets as of March 31, according to the Federal Deposit Insurance Corp.
