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1ST & Main Growth Partners: investment adviser

The Banc Funds Company, L.L.C., doing business as 1ST & Main Growth Partners, is an investment adviser registered with the SEC (file 801-53866, CRD 106305). What it reports on Form ADV: assets and clients, fees, owners, disciplinary history and its client brochure. From the SEC's Investment Adviser Public Disclosure site; read Oct 21, 2026.

Assets managed
$680.4M
Discretionary
100%
Accounts
3
Employees
13
In advisory roles
10
Disclosures
1

Company page · SEC adviser record · Full Form ADV (PDF)

The firm reports that it or a related person has custody of client cash and securities.

Form ADV Part 1A, Item 5, as filed on the SEC Investment Adviser Public Disclosure site; read Oct 21, 2026.

Clients and fees

Whom the firm advises and how it is paid, from Items 5.D, 5.E and 5.G.

Client typeClientsAssetsShare
Private funds and other pooled vehicles3$680.4M100.0%

How it is paid

  • Performance-based fees
  • Other: Management fees are based on contributed capital.

Services

  • Portfolio management for pooled investment vehicles (other than investment companies)

Who owns it

Schedule A lists direct owners of 5% or more (and officers who own a stake); Schedule B lists the owners of those owners.

Direct owners (Schedule A)

OwnerTypeRoleStakeSinceControlPublic company
Charles Joseph MoorePersonPresident/chief executive officerE 75% or moreMar 1997Yes

Form ADV reports ownership in bands, not exact stakes: A means 5% to 10%, B 10% to 25%, C 25% to 50%, D 50% to 75%, E 75% or more. F marks a general partner, trustee or managing member, a role that controls the firm without a percentage. Owners of less than 5% are not listed.

Form ADV Schedules A and B, via the SEC Investment Adviser Public Disclosure site.

Disciplinary history

What the firm disclosed under Item 11 of Form ADV. A disclosure is the firm's own report: pending matters are allegations, not findings, and many settlements are made without admitting or denying them. Text is quoted from the filing, set in sentence case.

Item 11 questions answered Yes

These questions cover the firm and its advisory affiliates.

  • Has the SEC or the Commodity Futures Trading Commission (CFTC) ever: found you or any advisory affiliate to have been involved in a violation of SEC or CFTC regulations or statutes?
  • Has the SEC or the Commodity Futures Trading Commission (CFTC) ever: imposed a civil money penalty on you or any advisory affiliate, or ordered you or any advisory affiliate to cease and desist from any activity?

Actions about the firm (1)

  1. Jan 17, 2017
    Regulatory Action: SEC FinalSanctions: Cease and Desist; Censure · Fine: $75,000 · Begun Jan 17, 2017 · Resolved Jan 17, 2017 · Settled · Docket FILE NO: 3-17780

    Alleged violations of section 206(4) of the Advisers Act and rule 206(4)-5 thereunder, which makes it unlawful for any investment adviser registered with the SEC to provide investment advisory services for compensation to a government entity within two years after a contribution to an official of the government entity is made by the investment adviser or any covered associate of the investment adviser.

    Civil monetary penalty of $75,000 which was paid on January 24, 2017.

    The action was resolved pursuant to a January 17, 2017 SEC order: in the matter of The Banc Funds Company, L.L.C., administrative proceeding file no. 3-17780. Pursuant to this order, The Banc Funds Company, L.L.C. Was ordered to cease and desist from committing or causing any violations and any future violations of section 206(4) of the Advisers Act and rule 206(4)-5 thereunder. The Banc Funds Company, L.L.C. Was censured pursuant to this order. Additionally, The Banc Funds Company, L.L.C. Was ordered to pay a civil monetary penalty in the amount of $75,000 to the SEC. No information Filed

Form ADV Item 11 and its Disclosure Reporting Pages, via the SEC record. All adviser disciplinary records.

The brochure

No brochure text was read for this firm.

Other brochures on file

Form ADV Part 2A, via the SEC Investment Adviser Public Disclosure site.