Esquire Bank Expands Through Fortress Partnership

Deal News | Apr 07, 2025 | Fortress Investment Group LLC (NYSE:FIG)

Esquire Bank Expands Through Fortress Partnership

Esquire Financial Holdings, Inc., the parent of Esquire Bank, has entered into a joint venture with Fortress Investment Group to enhance financing options for contingency fee law firms. This strategic partnership will utilize Esquire Bank's commercial lending capabilities and Fortress's expertise in origination and underwriting. The venture aims to provide more bespoke banking solutions with attractive terms to law firms, enabling them to expand operations, invest in technology, and pursue growth initiatives. The collaboration signifies a blend of complementary strengths from both entities, with Esquire's robust presence in the legal financing market and Fortress's leading investment strategies. Executive leaders from both firms express optimism about the joint venture, anticipating it to broaden the scope of financial solutions available to law firms and reinforce their market strategies.

Sectors

  • Financial Services
  • Legal Services
  • Private Equity

Geography

  • United States – Both Esquire Financial Holdings and Fortress Investment Group operate within the United States, with a focus on expanding services to law firms nationwide.
  • New York – Esquire Financial Holdings is headquartered in Jericho, New York, and plays a crucial role in the local and national financial landscape.

Industry

  • Financial Services – Esquire Financial Holdings operates in the financial services industry, providing banking and tailored financing solutions.
  • Legal Services – The agreement focuses on enhancing financial offerings specifically for contingency fee law firms within the legal sector.
  • Private Equity – Fortress Investment Group, a diversified investment manager, provides finance through credit and private equity strategies.

Financials

  • $49 billion – Assets under management by Fortress Investment Group as of December 31, 2024.

Participants

NameRoleTypeDescription
Esquire Financial Holdings, Inc.Target CompanyCompanyA financial holding company providing tailored financial solutions to the litigation industry and small businesses.
Fortress Investment Group LLCPartnerCompanyA global investment manager providing funds for expanded lending solutions to law firms.
Andrew C. SaglioccaCEO of EsquirePersonVice Chairman, CEO and President of Esquire Financial Holdings, Inc.
Joseph DunnCo-CIO of the Fortress Legal Assets GroupPersonCo-Chief Investment Officer at Fortress Legal Assets Group, instrumental in the partnership with Esquire Bank.