Investor Relations
Investor Overview
Physicians First Bancorp is a bank holding company that monetizes the capital created by doctors and their practices through ownership of financial institutions. We are not just a bank. We serve as a platform that pursues multiple physician-aligned opportunities across banking, syndications, and equity.
Our holding company board consists primarily of physicians. Seasoned industry professionals will manage each operating segment, such as the community bank we plan to acquire. We are currently interviewing candidates for the position of banking CEO to lead our bank subsidiary. Physicians First Bancorp follows the ASC template by aligning capital, governance, and operational expertise to capture revenue across banking services, physician-led syndications, and equity investments.
Watch the Founders’ Videos
Visit our Videos page for customer education videos by our founders.
Offering Documents & Key Filings
To receive any of the following documents, accredited investors complete our Non-Disclosure Agreement and email [email protected] to request access to documents #5-9.
Intro Deck: This slide deck presents PFBI’s mission to empower physicians through bank holding company ownership. It covers industry challenges, governance structure, total addressable market data, founder biographies, financial forecasts, funding timeline, and the investment opportunity for accredited investors.
Executive Summary: This overview details Physicians First Bancorp’s physician-focused bank holding company model. It explains ASC-inspired revenue channels, market opportunity, leadership team, Series A fundraising goals, and key financial projections.
Private Placement Memorandum (PPM): The PPM, including the Exhibits attached thereto, constitutes the terms of the PPO. The PPO contains forward-looking assumptions based on the concept of applying the business principles learned by surgeons and their senior management and applied to Ambulatory Surgery Centers (“ASC”) and introducing such principles to the ownership and operation of a community bank. This will automatically be emailed as an attachment after the completion of the NDA.
Subscription Agreement: This legally binding contract outlines the terms and conditions for subscribing to shares under our Reg D offering. This will automatically be emailed 12 hours after the completion of the NDA.
Cap Table & Pro Forma Capitalization: View the current cap table and a pro forma capitalization schedule that assumes the bank acquisition closes in Q1 2026.
Form D Filing (Reg D Exemption): View our filed Form D notice, which confirms the Regulation D exemption and summarizes offering details.
Corporate Charter & Bylaws: Review PFBI’s articles of incorporation and bylaws to understand governance structure, shareholder rights, and board responsibilities.
Dividend & Distribution Policy: This document outlines eligibility criteria, frequency and timing, calculation methodology, and approval process for shareholder distributions.
Board Roster: A one-page document listing each board member’s name, role, and term expiration.
Why Invest in PFBI’s Private Placement?
Physician-Led Expertise
Every decision is informed by our board of directors and leadership team, who have decades of experience building and operating ambulatory surgery centers. This means our bank strategy is built on real-world clinical and financial knowledge.
Best-in-Class Management
PFBI will hire a seasoned banking CEO with an understanding of how to transition to the next generation of banking. This CEO will, in turn, hire a COO, a risk management officer, and loan officers who focus on and understand physicians, their patients, their practices, and their personal financial needs.
Physician Advocacy
PFBI will maintain advisory boards consisting of physicians and their management teams to ensure the products and services offered focus on and meet customer needs.
Targeted Market Opportunity
Physicians’ salaries in the US total $377 billion annually. Ambulatory surgery centers are the fastest-growing segment of healthcare, generating over $48 billion each year. The average physician generates $2.38 million in annual prescription revenue, yet most financial institutions misunderstand these businesses. PFBI enables physicians to monetize this annual revenue and all other capital they generate through ownership.
Well-Defined Path to Profitability
Community banks in the United States hold over $3 trillion in assets and consistently achieve 10–15% profitability. Private banking commands a smaller asset base yet delivers returns exceeding 25%. PFBI plans to acquire a community bank and transform it into a private institution dedicated exclusively to physicians, their practices, their patients, and their personal financial objectives.
Strong Alignment of Interests
Ambulatory surgery centers succeed when practitioners hold ownership and align the organization with its mission. PFBI introduces this ownership-driven model to banking.
Quick Facts About PF Bancorp
Series A Raise: $20 M
Funding to date: $2.5 M equity + $2 M notes
Physician warm leads: 3,200+
Committed investors: 50+
Projected ROE: 18%+
PF Bancorp is currently raising a $20 million Series A equity investment. The company will use these funds for three core purposes:
Complete the bank charter process by acquiring an existing community bank.
Launch full-scale operations and staffing, including compliance and physician onboarding, and integrate their personal banking software application.
Build out infrastructure for banking, investment syndication, and national physician growth.
The company anticipates generating substantial recurring revenue through interest income, fees, and equity growth, with projected annual returns exceeding 18 percent by 2030. Strategic share repurchase options beginning in year two will return up to 90 percent of investor capital before any long-term exit.
Key Milestones
June 2025: Distribute Private Placement Memorandum and begin Series A Raise
July 2025: Sign Letter of Intent for community bank acquisition & open Series B
November 2025: November 2025Bank Acquisition Letter of Intent Signed
January 2026: Pro Forma Capitalization Finalized (Target: $20 million)
Q2 2026: Anticipated Bank Acquisition Close
Q2 2026: Anticipated Bank Acquisition Close
This timeline represents our current targets. As we complete each step, detailed quarterly investor updates will be available below in the “Quarterly Letters to Shareholders” section.
Series A Investment Details
June 2025: Distribute Private Placement Memorandum and begin Series A Raise
Funding to date: $2.5 M equity + $2 M notes
Physician warm leads: 3,200+
Committed investors: 50+
Projected ROE: 18%+
This timeline represents our current targets. As we complete each step, detailed quarterly investor updates will be available below in the “Quarterly Letters to Shareholders” section.
Quarterly Letters to Shareholders
Coming Soon!
News
Visit our News page for all press releases, partnership announcements, and general company updates.
FAQs
Who is eligible? Accredited investors only.
Do you own the bank yet? No, but we have target banks in mind and are raising money to purchase one.
Why should I invest if you don’t own a bank yet? Please watch the “Bank Holding Company vs. Bank Explained” video from our founders.
Minimum investment? $15,000
Maximum Investment? $500,000
Where can I get the PPM? Please request a copy through our Investor Document Request Form.
Series A Closing date? December 31, 2025
Who can I contact for further IR questions? See “Investor Relations Contact” below.
When will you acquire a bank? We target bank acquisition by Q4 2025, pending the raising of funds, completion of due diligence, and receipt of regulatory approval.
What’s the difference in dividend policies between a bank and an Ambulatory Surgery Center (ASC)? If you reach the end of the quarter or the year and have excess capital, this liquidity provides no economic value to an ASC. So, instead, the capital is distributed to the shareholders in the ASC. With a bank, excess liquidity can capitalize up to ten times its value in loans. Thus, generating Return on Equity (ROE) for all the shareholders in the bank.
How can I stay informed about the progress? Subscribe to Quarterly Investor Updates via our Investor Document Request Form or check our News page for public announcements.
Who can I contact for further IR questions? Please contact Marty Nichols by emailing [email protected].
Investor Relations Contact
If you have any additional questions, please contact Marty Nichols at [email protected].
Your Financial Success in Three Simple Steps
1) Enroll and Invest:
Begin by joining the Physicians First Bancorp family with an initial investment that falls between $15,000 to $150,000 range, based on what suits your financial status best.
2) Personalized Service:
Using our deep understanding of the medical field, we'll provide you with tailored financial solutions such as loans for practice expansion, ASC loans, patient loans, and more that align with your unique professional and financial needs.
3) Grow and Secure:
As your investment grows with us, you'll see it redefine your professional growth, enable vertical integration, and secure a steady passive income, even post-retirement. You remain in control, reaping continuous benefit from your investment.
Physicians Trust Us, Hear Why
“ Joining Physicians First Bancorp has been the most pivotal financial decision I've made in my career. Their understanding of my needs as a physician and the unique nature of my profession is unmatched.
The sense of control and certainty I have over my investments is refreshing. I couldn't recommend Physicians First Bancorp more.
Dr. Sophia Reid, Orthopedic Surgeon
“ Joining Physicians First Bancorp has been the most pivotal financial decision I've made in my career. Their understanding of my needs as a physician and the unique nature of my profession is unmatched.
The sense of control and certainty I have over my investments is refreshing. I couldn't recommend Physicians First Bancorp more.
Dr. Sophia Reid, Orthopedic Surgeon
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