To fuel the banks growth effort a small team of people executed on several successful equity capital raises raising ~$350MM over the course of several years (2019-2021). This capital was used primarily to fund commercial asset growth, but some was used to pursue operational efficiencies, deposit gathering strategies and non-interest revenue using technology. At the time of acquisition, the bank had fewer than 10 employees and by FYE 2023 FTE’s numbered around 330.