iGan Partners takes stake in Regal Financial Bankcorp

Toronto-based iGan Partners has made a substantial investment in Regal Financial Bankcorp, a community bank based in Seattle. Financial terms were not disclosed.

PRESS RELEASE

iGan Partners invests in Washington regional bank – Regal Bank

Toronto, ON, November 23, 2010 – iGan Partners is pleased to announce that its partners have taken a substantial stake in Regal Financial Bankcorp. We believe that the Regal’s focus on Seattle coupled with the timing and valuation of the transaction brings great value for investors. Furthermore Regal has met stringent FDIC standards and hired a great management team that will spearhead growth.

About Regal Financial Bank

Headquartered in the heart of downtown Seattle, Regal Financial Bank is a community bank that uniquely understands the challenges and opportunities for independent businesses here. Focused on meeting the business and personal banking needs of people, Regal offers its clients a robust suite of products, a broad online platform, skilled management talent and competitive pricing. Working hand in hand with them, Regal can create financial solutions that truly make sense. For more information, please visit www.regalfinancialbank.com

Photo courtesy of Shutterstock.