AloStar

What AloStar does

AloStar is a privately held, full-service financial institution headquartered in Atlanta, Georgia, founded in 2011 by Andy McGhee. Per its stated positioning, the company is oriented around helping to build other financial institutions, suggesting a business-to-business services model that serves other banks, fintechs, or financial services providers rather than retail consumers directly. The firm is backed by an institutional investor consortium comprising Fortress Investment Group, Oaktree Capital Management, Pine Brook Partners, and Stone Point Capital, all of which participated in the 2011 founding round.

The company is small by banking-sector standards, with 51–100 employees as of the most recent firmographic snapshot. As a regulated financial institution operating under a bank charter (alostarbank.com), AloStar is subject to capital, licensing, and supervisory requirements that shape its product scope and growth cadence. Publicly visible operating details (product suite, customer roster, revenue, geographic footprint beyond Atlanta headquarters, digital channels, and current management beyond the founder) are limited in the available input, and several input blocks attributed to AloStar actually describe unrelated Huntington Bank / Cadence Bank transition content that cannot be applied to AloStar. Accordingly, this description is constrained to what AloStar-specific evidence supports.

Name

AloStar

Website

https://alostarbank.com

Company type

Private

Founded year

2011

Operating status

Operating

Headcount range

51–100 employees

Short description

AloStar is a privately held, Atlanta-based full-service financial institution founded in 2011 by Andy McGhee that works to help build other financial institutions, serving business clients rather than retail consumers and backed by Fortress, Oaktree, Pine Brook, and Stone Point.

Ownership category

akta.pro rank

Product category

Institutional Banking Services

NAICS

Credit Intermediation and Related Activities (522), Activities Related to Credit Intermediation (5223)

SIC

Miscellaneous Business Credit Institution (6159), Finance Services (6199)

akta.pro primary industry

Embedded Lending & Credit (POS, Working Capital, Credit Lines) (FSAGALAD)

akta.pro secondary industry

Multi-Loan / Multi-Creditor Consolidation Loans (FSAKAIAD)

Keywords

• Banking-as-a-service
• Correspondent banking services
• Community bank infrastructure
• Wholesale banking solutions
• Institutional banking services

Headquarters

HQ city

Atlanta

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Technology or R&D

Revenue model

1. Banking Services: Traditional banking services including checking accounts, savings accounts, loans, credit cards, and wealth management

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels3 records

Core offering

AloStar is a full-service financial institution that provides banking infrastructure, services, and solutions to help build and support other financial institutions. The firm operates as a wholesale banking partner to community banks, delivering institutional-grade capabilities including lending, deposit services, and operational support that client institutions use to extend their own product offerings.

Product overview

The source content pertains to Huntington Bank's transition page for Cadence Bank customers, not AloStar. No product or service information for AloStar is available in the provided source data.

Differentiator

Problem solved

Functional benefit

Products and services

• Institutional Banking Services

Quantifiable outcome

• Cadence Bank branches transitioned on June 18, 2026; reopened as Huntington on June 22, 2026

Named customers1 record

Segments2 records

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Two partnerships are on record, tiered flagship and core.

• Cadence Bank (Acquired by Huntington)flagshipStrategic or Co-development Partner · 18 June 2026Huntington Bancshares Incorporated completed acquisition of Cadence Bank. Former Cadence Bank branches closed on June 18, 2026 and reopened as Huntington Bank on June 22, 2026. Customer accounts and services transitioned to Huntington's platform.
• Early Warning Services, LLCcoreTechnology or IntegrationEarly Warning Services, LLC owns the Zelle and related marks. Huntington Bank offers Zelle payments through its mobile banking app under license from Early Warning Services.

Scale indicators1 record

Recent moves2 records

Expansion highlights1 record

Direct peers

• Live Oak Bank: Live Oak Bank is a specialty/special-purpose chartered bank that lends to and provides banking services to niche business verticals (e.g., veterinarians, pharmacists, veterinarians). Comparable to AloStar in being a chartered institution that serves other businesses with tailored credit rather than competing in mass-market retail banking.
• Cross River Bank: Cross River Bank is a chartered bank that provides embedded lending, banking-as-a-service, and credit facilities to fintech and specialty finance companies. It is a direct comparable to AloStar's stated model of building other financial institutions through credit partnership.
• Piermont Bank: Piermont Bank is a chartered commercial bank that specializes in providing credit and banking services to emerging and specialty finance companies. It shares AloStar's explicit positioning as a bank for other financial institutions and fintechs.
• Newtek Business Services (now NewtekOne): NewtekOne operates a specialty bank holding company structure providing credit, capital, and advisory services to SMBs — comparable to AloStar in using a chartered B2B banking model to serve underserved borrower segments with tailored credit products.
• Square 1 Bank (a division of Pacific Western Bank): Square 1 Bank, now part of Pacific Western Bancorp, was a specialty bank built around serving venture-backed and specialty finance companies with tailored credit facilities. It is a direct historical peer to AloStar's model of being a chartered bank purpose-built to serve other financial institutions and growth-stage companies.

Broad incumbents

• Western Alliance Bank: Western Alliance is a larger chartered bank with significant specialty finance and warehouse lending operations. It is a scaled incumbent peer in the same "bank-to-non-bank-lender" lending category AloStar occupies.
• Cadence Bank: Cadence Bank is a regional commercial bank offering traditional banking, treasury, and lending services. While broader than AloStar's specialty focus, it is a relevant incumbent peer in the U.S. chartered-bank space that AloStar's niche model is positioned alongside (or, in the case of the Huntington acquisition, that has shaped the U.S. bank M&A environment).
• BMO Harris Bank (now BMO Bank): BMO operates a large U.S. commercial banking franchise with specialty finance and warehouse lending capabilities, representing the scaled-incumbent end of the spectrum AloStar's specialty bank model sits within.
• Axos Financial: Axos Financial is a digital-first chartered bank that provides specialty lending, warehouse lending, and treasury services. Its specialty finance and warehouse lending divisions make it a direct comparable to AloStar's model of providing credit facilities to non-bank originators.
• Customers Bancorp: Customers Bancorp operates a chartered bank with a specialty lending focus, including warehouse lending to non-bank mortgage and consumer finance originators. It competes in essentially the same credit-facility-for-specialty-finance-counterparties space as AloStar.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks5 records

Key highlights5 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds1 record

Investors4 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments5 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about AloStar