Washington, DC (May 7, 2012) – FOCUS LLC, a national middle market investment banking firm providing merger, acquisition, divestiture and corporate finance services, announces that Carl W. Raggio, III has joined FOCUS as a managing director in its Washington, DC office. Mr. Raggio has been an executive in the banking industry for more than 30 years specializing in bank sales and business turnarounds.
Prior to joining FOCUS, Mr. Raggio maintained a consulting practice and has spent the last 15 years in business turnarounds, growth management, M&A due diligence and court expert testimony.
According to Doug Rogers, managing partner and CEO of FOCUS, “Carl’s expertise is broad and especially deep in the community banking sector. Carl’s experience and credentials will allow FOCUS to launch a Community Banking Advisory practice, initially serving banks with total assets under $1 billion. We believe this is a large underserved market which we expect to consolidate and transform itself in reaction to the current regulatory and capital markets environment.”
In February 2006, Mr. Raggio opened a new commercial bank as the founding CEO. As part of the opening, Mr. Raggio raised over $14 million in capital and the Bank became one of the fastest growing of California de novo banks achieving profitability in the 8th quarter.
Mr. Raggio has started one bank, and has been the CEO or C level officer at six additional banks. Carl has provided consulting services to many clients, including turnaround, strategic planning, growth and fiscal management. Due to his experience in banking, commercial real estate, crisis and problem loan management, he is often engaged as an expert witness.
About FOCUS LLC
FOCUS LLC provides a range of middle market investment banking services with an emphasis on mergers, acquisitions, divestitures and corporate finance. FOCUS is a national firm serving clients from offices in major cities across the United States. FOCUS specializes in business units with transactions or revenues in the $5-300 million range, serving entrepreneurs, corporate owners and various types of investors across a broad range of industries, throughout the U.S. and worldwide. FOCUS bankers are seasoned operating and financial executives with extensive transaction experience. Securities transactions conducted by FOCUS Securities LLC, an affiliated company, registered Broker Dealer member FINRA/SIPC. For more information on FOCUS, visit www.focusbankers.com.