Ford Financial Fund, a Dallas, TX-based private equity fund focused on investments in community banks, closed Ford Financial Fund III, L.P., with over $1 billion in commitments.
Fund III is the firm’s largest fund to date and includes the return of many highly valued current limited partners as well as a slate of quality first-time investors.
The General Partner committed $155 million of its own capital across Fund II and Fund III, which are both fully invested in Mechanics Bank. Fund II closed in May 2013.
Co-managed by Gerald J. Ford and Carl B. Webb, Fund III closes in conjunction with the acquisition of Rabobank, N.A., by California-based Mechanics Bank, which now has over $17 billion in total assets, a deposit franchise and 144 branches.
FinSMEs
03/09/2019