Progress Financial Corporation Garners $11,000,100 New Financing Round

Feed Type
Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=3d5ed598-fc4a-4b53-b3c2-9b45fcb80a1c&Preview=1
Date
6/30/2008
Company Name
Progress Financial Corporation
Mailing Address
465 Fairchild Drive Mountain View, CA 94043
Company Description
Progress Financial is the holding company for Progress Bank, which operates about 20 branches in southeastern Pennsylvania and one in New Jersey. The bank offers individuals and businesses such standard retail products as checking and savings accounts, money market accounts, and CDs.
Website
http://www.progressfin.com
Transaction Type
Venture Equity
Transaction Amount
$11,000,100
Transaction Round
Undisclosed
Proceeds Purposes
Proceeds purposes were not disclosed.
M&A Terms
Venture Investor
Charles River Ventures
Venture Investor
Greylock Partners
Venture Investor
Undisclosed