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Bank Brokers, LLC is not a chartered bank or trust company, or depository institution.
It is not authorized to accept deposits or trust accounts and is not licensed or regulated by any state or federal banking authority.
De Novo Consulting & Expertise:
Meet R. Jay Phillips
During his professional career spanning three decades, second-generation banker R. Jay Phillips has been involved with community banks, bank holding companies and, most recently, served as CEO of a publicly-held banking company listed on the American Stock Exchange.
He now heads Cerfis Group, Inc., assisting owners of financial institutions wishing to affect an exit strategy and others seeking to buy or start such an institution.
Important Factors To Consider When Chartering A De Novo Bank:
Regardless of how you plan to start your new bank, here are some thoughts for you to consider as you plan:
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Identification of community need. Is your proposed board broad-based in the business community?
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Consider your goals and objectives for starting a de novo. Have you planned accordingly to meet those goals and objectives?
- The need for capital. Do you and/ or your investment group have access to additional capital if needed to fund the institutions growth?.
- Access to expertise. Have you identified senior management qualified to meet regulator scrutiny? To effectively lead your new bank?
Navigating The Waters:
Chartering A De Novo Bank
Whether a community bank is defined as a geographic area or a segment of the business environment, new banks are generally begun as an answer to community need. Whether you are an individual or a member of a group wanting to improve the availability of financial services in your commmunity, Bank Brokers can help you achieve your goals .
Expert Advice, Preparation & Navigating The Application Process
As with all new business ventures, new bank proposals should document how an existing community need will be met through a well-conceived business plan. The plan becomes the roadmap that documents how the new institution will be function as a good corporate citizen while being managed in a safe and sound manner.
Bank Brokers, LLC can assist in developing your strategy, documenting your business plan, and navigating the path to receiving your charter from the regulatory authorities.
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Bank HR and Hiring
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