StoneCastle Financial Corp. (BANX) is a closed-end fund focused on the community banking sector across the US, with total assets of ~$165 million. StoneCastle Partners, the ultimate owner of the Fund's manager manages BANX as part of a much broader community banking focused business with $17 billion in assets under management or advisement.
BANX's investing strategy is unique enough to require a bit of background explanation. The community banking sector has some key differences from larger banks. They generally have simpler portfolios, with a large portion of residential and commercial loans in the