Premara Financial Inc.
Have updates for this profile? Please contribute data
= Subscriber Access Only
You are viewing a preview of this profile. Request a Preqin Pro demo for full access to all profiles and underlying data.
With Preqin Pro, you gain an unobstructed view of all alternative asset class activity across institutional investors, fund managers, funds, portfolio companies, deals, exits, and service providers.
Premara Financial Inc. - overview
Established
2007
Location
Charlotte, NC, US
Primary Industry
Financial Services
About
Premara Financial Inc. operates Carolina Premier Bank, specializing in a range of banking solutions for individuals and businesses, including checking and savings accounts, loans, and mortgage services. Founded in 2007 in Charlotte, US, Premara Financial Inc. operates Carolina Premier Bank, which focuses on delivering tailored banking services.
The company has secured a total of USD 4. 810 mn in funding, with its most recent investment round occurring on July 24, 2015. No significant pivots in its business strategy or operations have been reported. Carolina Premier Bank offers a comprehensive suite of banking products and services tailored for individual and commercial clients.
Core offerings include personal and business checking and savings accounts, mortgage solutions, as well as various loan products such as auto and personal loans. The bank's services are designed to meet financial needs, including daily banking and financing for significant purchases, primarily targeting individuals, families, and small to medium-sized enterprises (SMEs) across the southeastern United States. Carolina Premier Bank's revenue is generated from interest income on loans and fees for banking services. Clients pay interest on loans, along with fees for account maintenance, overdrafts, and transactions.
The bank's offerings feature tiered interest rates based on account types and balances, which enhance its revenue generation. Furthermore, Carolina Premier Bank may collaborate with local businesses to foster community-based financial initiatives that align with its revenue model. In July 2015, Premara Financial Inc. raised USD 4.
807 million to support future initiatives, including the launch of new banking products and services aimed at enhancing customer engagement. The bank is strategically focusing on expanding its operations into new markets within the southeastern United States, with specific plans to target urban areas by 2025. Funding from its recent investment will be utilized to finance these product developments and market expansions.
Primary Industry
Financial Services
Sub Industries
Commercial Banks
Website
www.carolinapremierbank.com
Company Stage
Early Stage
Total Amount Raised
Subscriber access only
Time to go Pro
Get Preqin Pro for unrestricted access to 600,000+ detailed profiles on fund managers, investors, funds, companies, and other alternative asset players. Unlock exclusive data on future plans, company financials, fundraising history, track records, and more.