CapitalWorks Private Equity Firm Cleveland Ohio

PVF Capital Pleases Regulators with Elevated Capital Levels

Bob King, president and CEO of PVF Capital Corp. and Park View Federal Savings Bank in Solon, wants you to know that his is a good news story.

The bank and its holding company, which received federal cease-and-desist orders from the Office of Thrift Supervision last October, have raised capital capital and now exceed regullator’ requirements. They have a new management team, Mr. King included, that is focused on reducing the bank’s non-performing assets and maintaining its profitability. And they have seen what he called “a modest improvement” in asset quality.

“In out view, we’ve taken failure off the table”, Mr. King said. “The regulators, I believe, are very pleased with our capital raise.”

The bank closed a $30 million stock offering – which was oversubscribed – in March. That’s on top of two deals that exchanged $20 million in trust preferred securities for cash, stock and warrants, resulting in a pre-tax gain of $17.6 million.

Recent News

Private Equity Summer Associate

Location:          Cleveland, Ohio (In-Person) Start:                 Summer 2021 Firm Overview CapitalWorks is a private equity investment firm located in Cleveland, Ohio that makes control investments in lower middle market

Read More »

CapitalWorks Welcomes Brady Roth

Brady Roth has joined CapitalWorks as an Associate. His primary responsibilities include initial deal screening and evaluation of acquisition opportunities, deal execution and financing. He assists current portfolio companies

Read More »
Private Equity Deal News CapitalWorks

Get the Latest CapitalWorks News in Your Inbox

Share via
Copy link
Powered by Social Snap