Community Banking

Plural Industry Holding Group (“PIHG”) is currently performing due diligence on a US licensed bank (the “Bank”), with a view to taking a stake in the bank.

The Bank is an FDIC-insured, full-service commercial bank, focusing primarily on commercial loans to small businesses. It is a designated Community Development Banking Institution, with a strong focus on minority owned businesses.

PIHG President, Simon Littlewood, commented: “We are excited at the opportunity to participate alongside other investors in potentially taking a minority stake in the Bank.  Their focus on banking services for communities and minorities fits with other projects we are currently working on in the US for the underbanked, and digital and crypto banking within and outside the US.”

There is no certainty that the potential transaction discussed will go ahead. It is subject to due diligence, negotiation of terms, regulatory approval, and PIHG being able to raise sufficient funds. Additional information will be released as the transaction progresses.

For additional info, or to be put on our mailing list, contact info@pluralihg.com or visit www.pluralihg.com or LinkedIn 

Your attention is drawn to the Forward-Looking Statement notice attached, which is an integral part of this news release, and should be read in conjunction with this news release.