StoneCastle Partners, LLC announced today that it has sold its subsidiary StoneCastle Digital Solutions, LLC (d/b/a Cambr) to National Bank Holdings Corporation‘s (NYSE: NBHC) bank subsidiary NBH Bank.
Cambr is a deposit acquisition platform that provides cash processing solutions to leading embedded finance companies. StoneCastle Partners developed Cambr to provide a low-cost, scalable and diversified deposit channel for a future bank owner. During its two-decade history, StoneCastle Partners has built numerous businesses that utilize non-traditional strategies to create efficiencies in financial services.
“Cambr provides an opportunity for a bank owner to source deposits in a unique way while continuing to provide leading service to top-tier embedded finance companies,” said Joe Healey, Managing Director and operating partner at StoneCastle Partners. “The platform allows a bank to benefit from the diversified deposits of hundreds of thousands of underlying accounts with virtually no marginal overhead or customer acquisition costs. We believe that banks who efficiently source deposits through differentiated and durable strategies will significantly outperform over the long-term.”
Cambr will continue to go-to-market under the Cambr brand and will operate as a separate subsidiary of NBH Bank. Financial terms of the transaction were not disclosed.
Keefe, Bruyette & Woods, a Stifel Company, served as exclusive financial advisor and Gibson Dunn & Crutcher LLP served as legal advisor to StoneCastle.
Piper Sandler & Co. served as financial advisor and Wachtell, Lipton, Rosen & Katz served as legal advisor to NBH.
About StoneCastle Partners, LLC
Founded in 2003, StoneCastle Partners develops businesses focused on banking and associated technologies. StoneCastle Partners creates innovative platforms and disruptive technology to enhance or redefine inefficient banking processes. For the past 19 years, StoneCastle Partners has built and sold platforms to strategic buyers, including banks, asset managers, and fintechs. Over 1,000 banks trust StoneCastle Partners and use its companies’ products; for more information, visit www.scpdevco.com.
About National Bank Holdings Corporation
National Bank Holdings Corporation is a Denver-based bank holding company created to build a leading community bank franchise delivering high quality client service and committed to stakeholder results. Through its bank subsidiaries, NBH Bank and Bank of Jackson Hole Trust, National Bank Holdings Corporation operates a network of over 95 banking centers, serving individual consumers, small, medium and large businesses, and government and non-profit entities. Its banking centers are located in its core footprint of Colorado, the greater Kansas City region, Utah, Wyoming, Texas, New Mexico and Idaho. Its comprehensive residential mortgage banking group primarily serves the bank’s core footprint. Its trust business is operated in its core footprint under the Bank of Jackson Hole Trust charter. NBH Bank operates under a single state charter through the following brand names as divisions of NBH Bank: in Colorado, Community Banks of Colorado and Community Banks Mortgage; in Kansas and Missouri, Bank Midwest and Bank Midwest Mortgage; in Utah, Texas, New Mexico and Idaho, Hillcrest Bank and Hillcrest Bank Mortgage; and in Wyoming, Bank of Jackson Hole and Bank of Jackson Hole Mortgage. For more information, visit www.nationalbankholdings.com.
