Progress Financial Corporation Lands $7,158,900 New Round

  • Feed Type
  • Date
    3/31/2009
  • 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
    $7,158,900
  • 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

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