Swift Financial raises $20,000,000

Swift Financial, the direct financial services company dedicated to small business banking, today announced the close of its Series B Preferred Stock financing round of $20 million.  Swift Financial is a direct financial services company dedicated to small- business banking. Headquartered in Wilmington, Del., Swift Financial launched in 2007 and is led by a veteran team of top bank executives who want to provide small businesses with simple banking products without excessive fees and penalties - while providing a level of service not typically associated with small-business banking. Swift Financial is able to make these products available through its relationship with M&I Bank FSB ensuring that customer deposits are FDIC insured.