Working With Bank Brokers — Meeting Your Needs
Our Goal
Simply put, our goal is to help you acheive success in your efforts to acquire a financial institution that meets your needs. Bank Brokers is here to assist you through every phase of that process.
Our Fee Structure
Bank Brokers can begin facilitating your bank acquisition process today. We work under a simple engagement fee to begin the acquisition process. This fee is paid by clients at the beginning of the engagement phase, and covers some expenses associated with this and continuing phases of the acquisition process. Upon closing date of a sale, Bank Brokers requires a brokerage fee for services rendered.
© Copyright 2006 Bank Brokers, LLC
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.
Banks For Sale
Contemplating buying a bank? Check out the latest banks that are available both nationally and internationally.
Before You Sell !
Before you sign on the dotted line, or even before you reach the point of putting your bank up for sale, here are a few points to keep in mind as you're considering the proposition:
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Understand your personal objectives and financial requirements.
- Determine the value of your business.
- Keep in mind what will and what might influence its future value.
- Market timing — determining the best time to move forward.
- Learn and decide the best way to package your bank for a potential buyer or buyers.
- Develop a strategy for proceeding with total confidentiality.
- Build or use an existing methodology for attracting the best possible buyer or buyers.
Need additional capital to make a purchase?
Often times when considering a bank purchase additional capital may be needed to assist the buyer in making the acquisition. We work with different firms who have the knowledge and expertise to assist you in developing privatre placements. Let us know and we can connect you with these firms.
M&A Management: Confidential,
Secure, Comprehensive
Finding and acquiring a suitable bank can be an arduous and lengthy process. For the seller, the communication process must be handled with sensitivity, integrity, diligence and confidentiality when in mergers and acquisitions discussions.
Operating on a national level, Bank Brokers has the knowledge, experience and resources required to communicate with any bank CEO or owner about acquisition. Also, with our knowledge and experience in regulatory requirements, we can facilitate a turnkey bank acquisition that meets your objectives and your expectations.
Our Process
I. Engagement is where it all begins. We review your objectives, answer questions and educate you regarding any aspects of the acquisition process with which you are unfamiliar. We'll help you develop an acquisition strategy that is within regulation while meeting your goals and objectives. The process continues with our development of a list of target banks.
II. Researching Targets is the next phase of the process. We'll rank target banks based on best fit, with deference to your specific objectives and goals.
III. Discussions with CEOs/ bank ownership then begins in confidence for potential fit and purchase opportunity. These talks may require repeated discussions to evaluate interest so that the buyer may enter into the process.
IV. Financial, Market Share & Demographic Analysis regarding the potential bank is then provided in detail by Bank Brokers to you to further evaluate and determine fit. We will further inform you as to any additional information gathered in initial discussions with the potential bank.
V. Discussion With Regulatory Authorities is an essential part of 'pre-filing' for a bank application. Bank Brokers will accompany you or represent you in an initial meeting with the appropriate bank regulator to ensure application approval and set the stage for future regulatory communication.
VI. Formalizing The Offer. Although Bank Brokers does not provide financial, legal or due diligence advice, we can and do recommend resources in all these areas. And, we can assist you in making a formal offer to purchase a bank, if required.
VII. Closing The Sale is the last phase of the process when you are successful in acquiring the bank and you application has been approved. Bank Brokers will work lock-step with you through the change of control of your new bank.
Want to know more? Contact us now.
Expert Bank Brokerage:
Meet Bob McComas
Profile for bob McComas goes here.
Bob McComas is President and CEO of Bank Brokers LLC, and its subsidiaries Bankers HR Advisory and the Network of Retired Bank Executives and Regulators (NORBER). Mr. McComas has over 30 years of experience in senior level management positions with several national organizations in the area of human capital management.Learn more about Bob McComas.