Financial institution officers declined to say how a lot cash King invested.
“We’ve different buyers however (King) is our largest investor to this point,” mentioned Colleen Ryan, spokeswoman for First Girls’s Financial institution. “Gender equality is a part of the financial institution’s mission and King is a longtime champion for equality.”
The financial institution, which might be headquartered at 1308 N. Elston Ave., will primarily be a web based monetary establishment and the one women-owned financial institution within the nation, in keeping with Ryan.
First Girls’s board chairman is Amy Fahey, previously president of economic lending within the Chicago workplace for JP Morgan Chase.
Whereas women-owned companies proceed to outpace the nationwide common, they nonetheless fall brief relating to getting typical enterprise loans, in keeping with the financial institution’s market analysis.
“Billie Jean’s assist each as an investor and advisor will assist us fulfill our mission to develop the financial system and advance the function of girls inside it,” CEO Marianne Markowitz mentioned in a launch. Markowitz was midwest regional director for the Small Enterprise Administration within the Obama administration.