BOM is a community bank with the slogan "A face you know. A bank you can trust." Founded in 1903, BOM operates in the United States and proudly serves various parishes and counties, including Grant, Natchitoches, Rapides, Sabine, Caddo, Bossier, Bienville Parishes, and Sabine County, Texas. The company focuses on serving the unbanked and underbanked population, positioning itself as a certified Community Development Financial Institution. The most recent investment in BOM amounted to $6.20M, which was granted on 10 April 2023. This investment was made by the Community Development Financial Institutions Fund. By targeting an underserved market and emphasizing community development, BOM aligns its operations with social impact objectives, potentially making it an attractive investment opportunity for venture capital firms.
Funding Stage | Amount | No. Investors | Investors | Date |
---|---|---|---|---|
Grant | $6.20M | 1 | Community Development Financial Institutions Fund | 10 Apr 2023 |
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