Investor relations
Own the institution earning the spread.
Physicians' First Bancorp is a physician-owned bank holding company raising a Series A to acquire and operate a community bank built around physicians. The board is physician-dominated; day-to-day banking leadership is recruited from experienced bankers. The model adapts the ownership principles that made ambulatory surgery centers work: the people who generate the value own the institution that finances it.
Quick facts
The raise at a glance
$20M
Series A raise target
Company figure [CONFIRM current]
$4.5M
raised to date: $2.5M equity and $2M notes
Company figure [CONFIRM current]
3,200+
physician leads
Company figure [CONFIRM current]
50+
committed investors
Company figure [CONFIRM current]
18%+
projected return on equity
Illustrative company projection; not a guarantee of returns
The approval process
Five steps from NDA to shareholder
Structured for Rule 506(c) compliance, accredited verification, and escrow protection. Step one happens right on this site.
Execute the NDA
Signed on this site; unlocks offering documents.
Complete the 506(c) subscription
Declare your commitment and identify the 30% escrow portion. No check required.
Verify accreditation
Through Northwest Capital; Physicians First Bancorp pays all verification costs.
Fund escrow at West Bank
30% of your commitment to a designated trust account. Never used for operations.
Review and decide
Proceed with your full investment or withdraw your escrowed capital.
Documents
Offering documents & key filings
Public documents open directly. Locked documents unlock through the NDA, and the PPM and subscription agreement are sent to you automatically once your NDA is executed.
Offering documents
- Unlock via NDA
Private Placement Memorandum
Confidential Rule 506(c) Private Placement Memorandum, dated October 24, 2024.
- Sent after NDA
Subscription Agreement
The 506(c) subscription documents, sent after the NDA.
Governance & filings
- Unlock via NDA
Bylaws
The Company's bylaws, in final executed form (March 25, 2022).
- Unlock via NDA
Articles of Incorporation
Filed with the Iowa Secretary of State, November 16, 2021.
Shareholder letters
The first shareholder letter publishes after the Series A close. Signed investors are notified by email.
Resources
- View
White Paper: Reclaiming the Continuum of Care
The peer-reviewed paper behind the model (2026).
Why invest
The case for the bank
Physician-led expertise
Founders who built ASCs, surgical hospitals, and device companies, applying proven physician-ownership economics to banking.
Best-in-class management
A physician-dominated board recruiting experienced banking executives to run operations. Owners set direction; bankers run the bank.
The market is enormous and underserved
Physician salaries total roughly $377 billion a year, and the ASC market roughly $48 billion. Physician banking already works: TransPecos Banks grew assets roughly 4x after focusing on physicians through BankMD.
A clear path to profitability
Community banks typically run 10-15% profit margins; private banking runs to 37%. The plan targets the premium end by serving the clients every bank wants: physicians.
Ownership-aligned incentives
Customers are shareholders. The bank succeeds only when its physician clients do, which is the same alignment that made physician-owned ASCs outperform.
Capital that compounds inside the Nexus
Every dollar of equity expands lending capacity available to physician-owned projects, with banking and insurance working on the same side through The Physicians Nexus partnership.
Sources: CB Insights · The Financial Brand · IBISWorld · USAFacts. Projections are illustrative and not a guarantee of returns.
FAQs
Common questions
Who can invest?
Accredited investors only, verified under SEC Rule 506(c). Verification runs through Northwest Capital via a secure link, at no cost to you; Physicians First Bancorp pays all verification expenses.
Does Physicians First Bancorp own a bank today?
Not yet. The Series A funds the acquisition of a target community bank; funds sit in escrow at West Bank and are not used for company operations before regulatory milestones are met.
What are the investment minimums and maximums?
The minimum investment is $15,000, with a maximum of $500,000.
How do I get the PPM and subscription documents?
Sign the NDA on this site. The offering documents are sent automatically once your NDA is executed.
Is my escrowed capital at risk before the acquisition?
Escrowed funds are held in a designated trust account at West Bank, are not used for operations, and remain withdrawable at the final decision point: you can proceed with your full investment or withdraw your escrowed capital.
How will I stay informed?
Quarterly shareholder letters are published in the documents section of this page, and material updates appear in News.
Talk to us
Investor relations contact
Marty Nichols