Friday, December 26, 2014

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

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) 

 

Joseph N. DiStefano
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PhillyDeals posts raw drafts and updates of Joseph N. DiStefano's columns and stories about Philly-area finance, investment, commercial real estate, tech, hiring and public spending, which he's been writing since 1989, mostly for the Philadelphia Inquirer.

DiStefano studied economics, history and a little engineering at Penn, taught writing at St. Joe's, and has written the book Comcasted, more than a thousand columns, and thousands of articles, and raised six children with his wife, who is a saint.

Reach Joseph N. at JoeD@phillynews.com or 215 854 5194.

Joseph N. DiStefano
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