CFG Bank

The story of CFG Bank (cfgbank.com) isn't one of a startup, but of an acquisition and a pivot. It began in 1993 when Jack Dwyer founded Capital Funding Group, a company focused on providing financing solutions, particularly FHA-insured mortgages for the healthcare sector. Dwyer built a family of companies around this niche, becoming a significant player in healthcare and multifamily housing finance. The narrative shifted in 2009. Dwyer, through his newly formed Capital Funding Bancorp, Inc., acquired a small, local institution called AmericasBank. This bank had roots in Baltimore stretching back to 1927 as La Corona Building and Loan Association. Following the acquisition, AmericasBank was rebranded as CFG Bank. This move was strategic, allowing Dwyer's established lending operations to be supported by a full-service commercial bank. Under Dwyer's sole ownership, the bank adopted an entrepreneurial mindset, aiming to blend the capabilities of a large bank with a more customized, client-focused approach. This strategy fueled significant growth. In 2022, its parent company, Capital Funding Bancorp, Inc., crossed the $3 billion asset threshold, necessitating a capital raise to meet new regulatory requirements. While there isn't a record of an IPO for the US-based Capital Funding Bancorp, the name CFG Bank is also associated with a separate Moroccan bank that held an IPO on the Casablanca Stock Exchange in late 2023.