NBH Bank, a subsidiary of National Bank Holdings Corp., has bought StoneCastle Digital Solutions LLC (doing business as Cambr), a sudsidiary of StoneCastle Partners LLC.

Cambr is a deposit acquisition and processing platform that generates deposits from accounts offered through embedded finance companies. Cambr administers approximately $1.7 billion of deposits comprising over 500,000 FDIC-insured cash accounts. When combined with NBH’s banking services, the Cambr platform is expected to bring more capabilities for embedded finance companies while also expanding to serve clients across a broader set of sectors.

“Cambr provides us the ability to significantly grow our core deposits with very little incremental overhead,” comments Tim Laney, chairman, president and chief executive officer of National Bank Holdings Corp. “Cambr’s high-touch, low-cost model adds a highly scalable client base that delivers deposits at a significantly lower cost than our traditional retail accounts. The Cambr deposit channel provides NBH with a truly unique source of liquidity and diversifies our funding capabilities and lowers our all-in funding costs.”

Piper Sandler & Co served as financial advisor and Wachtell, Lipton, Rosen & Katz served as legal advisor to NBH. Keefe, Bruyette & Woods served as financial advisor and Gibson Dunn & Crutcher LLP served as legal advisor to StoneCastle.