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Kelly Brown had joined the board of directors of Encore Bancshares Inc. and its subsidiary, Encore Bank of Little Rock.
Brown is a partner at Patriot Financial Partners LP, a private equity firm based in Radnor, Pennsylvania, focused on investing in community banks, thrifts and financial services-related companies. The firm recently invested in Encore’s 2022 private placement offering, making the firm Encore’s first institutional investor.
Brown has more than 30 years of experience in financial services, Encore said in a news release. Before joining Patriot in 2022, she was the CEO and chair of The American Deposit Management Co. in Wisconsin, which she founded in 2009 and led to a successful exit in 2020.
Before starting ADM, Brown founded First Wisconsin Bank & Trust Co., which became one of the fastest growing banks in Wisconsin’s history and sold in 2008.
Brown has a bachelor’s in management and a master’s in organizational behavior from Cardinal Stritch University in Wisconsin. She also attended the University of Wisconsin-Madison and Wharton Business School for Executive Education.
“We are pleased with Patriot’s decision to invest in Encore and delighted to welcome Kelly to both the Encore Bancshares Inc. and Encore Bank boards of directors,” Chris Roberts, Encore’s CEO and chairman, said in a news release. “We are looking forward to this partnership and confident Kelly’s extensive leadership experience in the banking industry should be a great asset to us for years to come.”
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