Agility Bank, N.A. has completed its capital raise of almost $41 million. The bank raised 33 percent above the $30 million required by regulators for the bank to open. More than 350 investors, who were primarily Houstonians and women, contributed to the raise. Bank of America and several other banks also contributed. Agility Bank is the first Minority Depository Institution (MDI) in the country formed for the purpose of focusing on women while serving all.
“This incredibly successful capital raise speaks to our investors’ commitment to address the gender gap by building more equity and access to capital for women and minority businesses,” said Lauren Sparks, founder and CEO.