CFG Bank
About CFG Bank
CFG Bank is a privately held, full-service bank headquartered in Baltimore, Maryland. <cite index="4-1">LinkedIn says it was acquired and renamed in 2009</cite>, and its LinkedIn page lists 1927 as its founding year. It serves Mid-Atlantic businesses, the national cannabis industry and the national healthcare market. Its holding company is Capital Funding Bancorp, which Jack Dwyer founded in 2009. <cite index="3-1">Dwyer was named CEO of the bank</cite> in a leadership change that also moved Erik Howard into the roles of president and chief operating officer of the holding company and president of the bank. The holding company had announced a $160 million capital raise earlier in the same year. This is a different company from the Moroccan CFG Bank in Casablanca. CFG Bank has no public venture arm, named fund or AI investing partners.
CFG Bank does not describe an AI investing program. The only AI round tied to it is Hypha's seed. <cite index="2-1">Hypha is an AI-native asset intelligence platform for investment workflows. It has come out of stealth with a $50 million seed round led by TriEdge Investments.</cite> CFG Bank took part alongside Bankwell, Cammeby's International, Crescent Heights, Dwight Capital, MONTICELLOAM and Yakar Partners. Press coverage says many of Hypha's investors are also customers. The investors span banking, private credit, private equity, real estate and legal services. This suggests CFG Bank invests as a strategic participant in a fintech and data tool relevant to lending, not as a financial-return AI fund. That is an inference. The bank has not stated its rationale.
CFG Bank's only known AI investment is a seed round, which was reported in June 2026. Its check size has not been disclosed. The $50 million figure is the total round, and TriEdge Investments led it. No stage policy or typical check range has been published.
- Hypha: New York-based AI-native asset intelligence platform for investment workflows, co-founded in 2025 by Peter Wang and Simcha Hyman. It raised a $50M seed in June 2026 led by TriEdge Investments, with CFG Bank participating.
Investing activity
CFG Bank appears in 2 AI deals tracked by the Lounge deals desk, rounds totalling $100M. The rounds are mostly Seed, with a median round size of $50M. The most recent are Hypha (Seed, $50M, Jun 2026) and Hypha AI (Seed, $50M, Jun 2026).
CFG Bank most often invests alongside TriEdge Investments, Dwight Capital, Crescent Heights and Monticelloam, and the companies it backs on Lounge are mostly in AI.
Deals
Frequently asked questions about CFG Bank
Is CFG Bank a venture capital firm?
No. It is a Baltimore commercial bank, and no dedicated venture fund or fund size has been published. It has taken part in at least one startup round.
What AI companies has CFG Bank invested in?
The only public AI investment is Hypha, which raised a $50M seed in June 2026. CFG Bank participated, and TriEdge Investments led the round.
What check size does CFG Bank write for AI startups?
CFG Bank has not disclosed its check size in Hypha or any other deal. The $50M figure is the whole seed round.
Who leads AI investing at CFG Bank?
No partner or team is publicly named for AI investing. Jack Dwyer is the bank's CEO.
Should AI founders pitch CFG Bank?
It may suit founders building tools for lending, real estate, healthcare or investment workflows, where the bank could be a customer as well as an investor. It has no public pitch process or stated thesis, so a warm introduction is the safer route.
What stage does CFG Bank invest at?
In the rounds tracked on Lounge, CFG Bank has invested at Seed, with a median round of $50M.
Who does CFG Bank co-invest with?
CFG Bank's most frequent co-investors on Lounge are TriEdge Investments (2 deals), Dwight Capital (2 deals), Crescent Heights (2 deals), Monticelloam (2 deals) and Yakar Partners (2 deals).
How can founders reach CFG Bank?
Founders on Lounge can see CFG Bank's contact details in AI Investor Contacts (paid plans), check for a warm introduction through members who worked with the firm under Warm Paths, and add CFG Bank to their Investor Pipeline to track the conversation.