Friday, July 3, 2015

Lubert bank fund adds 2 pros

Team Capital Bank's James Deutsch, Quaker's Stephanie Langer join Independence Capital

Lubert bank fund adds 2 pros

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Patriot Financial Partners LP, the $300 million Philadelphia investment fund set up by veteran Philadelphia business lender and bank ceo Jim Lynch, ex Progress Bank chief Kirk Wycoff and real estate investor/gambling mogul Ira Lubert (of Independence Capital Partners, the $12 billion-asset fund group whose clients include PA state pension funds) to buy small-bank stocks as the financial markets started falling apart in 2008, has boosted its team with the addition of:

- James Deutsch, founder and ex CEO of Allentown's Team Capital Bank; and

- Stefanie Langer, who spent the past 10 years as director - investor relations and business development at Pegasus Capital Advisors; she previously worked at Hamilton Lane Advisors, the Bala Cynwyd-based pension advisor, at Ernst & Young, and at the former CoreStates Capital Markets and United Jersey Bank. (Corrected) 

 

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PhillyDeals posts drafts, transcripts and updates of Joseph N. DiStefano's columns and stories about Philly-area business, which he's been writing since 1989.

DiStefano studied economics, history and a little engineering at Penn and taught writing at St. Joseph's. He has written thousands of columns and articles for the Inquirer, Bloomberg and other media, wrote the book Comcasted, and raised six children with his wife, who is a saint.

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