Press Release (August 1, 2019)

Rochester, New York – General Partners Clint Campbell and Jeffery Holmes are pleased to announce the formation of Cephas Capital Partners III, LP, (“Cephas III”) a partnership formed to operate as a Small Business Investment Company (“SBIC”). The original Cephas fund, Cephas Capital Partners, LP, founded in July of 1997, was established to serve Upstate New York’s small business owners, providing non-traditional growth capital for firms requiring between $500,000 and $3 million. Cephas Capital Partners II, LP (“Cephas II”) was formed in September 2009 to continue this mission. With over $100 million deployed in over 60 deserving business during the last 22+ years, Cephas III expects to build on this foundation of success. The partners will be working with the Small Business Administration (“SBA”) in the coming months to pursue licensing as an SBIC. All Limited Partner institutional investors that participated in Cephas II have made capital commitments to Cephas III and include Arrow Financial, Canandaigua National Bank, Evans Bank, Five Star Bank, Genesee Regional Bank, NBT Bank, Tompkins Bank of Castile, and Tioga State Bank. The SBA licensing process is expected to require up to one year to fully complete.