Genesis Bank Completes Oversubscribed Capital Raise

Genesis Bank recently completed its oversubscribed initial capital raise of $57 million, led by investors Stephen H. Gordon, managing member of Gordon Ventures, and Arkview Capital. The private offering represents the largest de novo capitalization ever in Orange, Riverside and San Bernardino counties, and is the the second largest de novo capitalization in Los Angeles County. 

Stephen H. Gordon has a long-established history of investing his own private capital to found, lead, operate, build and take public multiple banking institutions on the West Coast. Arkview Capital, founded and led by Joon Chang, Pavel Chernyshov and Vijay Mehta, is a minority-certified private equity fund focused on investing in diversity-oriented businesses.

“As the banking industry experiences ongoing consolidation and dislocation, the market serving diverse communities, small to mid-sized businesses, and owners, operators and investors in income-producing multifamily and commercial real estate continues to grow, especially during this critical time when the economy at both the local and national level recovers from the pandemic-driven recession,” says Gordon.