9780967512204: Bank Founder's Guidebook
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SNL, The Banking Information Experts, in partnership with the Independent Community Bankers of America, has compiled the expertise of lawyers, accountants and consultants who specialize in bank chartering. The result is a single, definitive resource for bankers and advisers looking to enter the start-up banking arena. The Guidebook also leads you to the experts, with an extensive directory of attorneys, consultants and accountants who are actively advising de novo clients, as well as contacts for state chartering information in all 50 states.

In Bank Founders Guidebook, youll find complete information on: the standard timeline for establishing a bank; selecting a state or national charter; forming an organizing group, selecting directors and hiring officers; the role of advisers and how to select them; capitalizing the bank; determining the scope of your banks business; preliminarily meeting with the OCC; filing the OCC application; selecting a site, staffing, advertising and marketing; and corporate and financial performance for banks chartered between 1992 and 1998.

Whether youre thinking of starting up a new bank, advising clients who are, or youre looking to gain a foothold in the industry, you can chart your course to a successful de novo bank with Bank Founders Guidebook.

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About the Author:

The nine authors of the Bank Founder's Guidebook are experts in the field of de novo banking.

Excerpt. Reprinted by permission. All rights reserved.:

Starting a new bank-commonly known as a de novo bank-is like building a house. At the very beginning, major decisions must be made: Should it be brick or wood? One story or two? Wood floors or carpet? While a homebuilder can rely on an architect for assistance, there are not many de novo bank "architects" to help with early decisions on a new bank's charter and ownership structure. As a result, these initial decisions are frequently ill-conceived and cause the organizers problems from the beginning.

What type of financial institution should you charter? Should your institution have a holding company? A bank or thrift? State or national? C-corp or S-corp? This first chapter is intended to provide the new bank builder with some building plans and a framework to consider in making these early decisions. In later chapters, most of these items will be dealt with in greater detail.

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