Castle Trust Bank (“Castle Trust Bank” or “the Bank”), a specialist bank serving nearly 170,000 customers, today announced it has been acquired by vehicles backed by Sixth Street, a leading global investment firm, and affiliates of Bayview Asset Management ("Bayview"), a global alternative investment management firm, from J.C. Flowers & Co, a private equity firm solely focused on financial services. As equal partners, Sixth Street and Bayview bring significant financial strength, deep expertise in credit markets and asset-based finance, and a long-term investment horizon well-suited to support financial institutions through periods of growth and transformation.
Castle Trust Bank will continue to be led by its experienced management team, including Chief Executive Officer Martin Bischoff, supported by a robust, tech-enabled platform built for scale. In addition, Sixth Street and Bayview have agreed to commit additional capital to fuel growth across the business,...
