Reliance Bank becomes SLBDF’s 28th Bank Shareholder
St. Louis Globe-Democrat
October 26, 2010
The Saint Louis Business Development Fund (SLBDF) has added Reliance Bank as the company's newest shareholder. Reliance joins 27 other St. Louis area banks, in addition to the St. Louis County Economic Council, St. Louis Development Corporation and the Economic Development Center of St. Charles County.
"Reliance Bank's founding roots are in the St. Louis region, and it has been this very region that has afforded us the many opportunities to grow our business," said Allen D. Ivie, IV, chairman and chief executive officer of Reliance Bank. "As such, it is an honor and privilege to partner with the SLBDF for the common goal of helping businesses grow and financially prosper, which will ultimately improve the economic landscape of the St. Louis region."
Saint Louis Business Development Fund (SLBDF) and Saint Louis Private Fund (SLPF) invest in selected, growing companies in Missouri and Illinois that demonstrate significant potential for success and view the Funds' investment as an attractive alternative to venture capital or other forms of equity investments.
Visit www.slbdf.com for more information.
