Richard Bove – Startup Investor Profile

Richard Bove is a veteran banking analyst turned activist investor, focusing on smaller banks in regions like the Southwest and Midwest. With over five decades of experience, he transitioned to become a money manager at Hilton Capital Management, targeting banks involved in mergers and acquisitions. Bove’s investment thesis revolves around funding availability and business investments, rather than share buybacks, with a cooperative approach to improving bank performance. His track record includes advocacy for banks to focus on expansion and acquisitions, showcasing a strategic mindset towards growth opportunities. As an investor, Bove emphasizes smaller banks with significant growth potential, leveraging his vast industry experience to identify opportunities and drive performance. His partnership and collaboration style reflect a hands-on approach, as seen in his role as a Partner at Bove & Associates, where he actively engages in financial services and investment matters.

Location: Rockville, MD

Country: United States of America

Investment Regions:

Investment Stages: pre-seed, seed

Website:

AI Reasoning: Searches for Richard Bove (also known as Dick Bove) returned background articles and a 2018 press release about his appointment at Hilton Capital, plus commentary pieces (e.g., InstitutionalInvestor Dec 2023), but no verifiable reports of a specific investment or transaction (startup or bank equity purchase) with a date within the last several years. No clear record of a recent investment by Richard Bove was found on Google sources examined, so unable to determine recent investment activity.

Low Activity – Only known angel investments more than 12 months ago.

Active – Known angel investments between the last 12 and 6 months.

Very Active – Known angel investments in the last 6 months.