Bank Founder's Guidebook [Paperback]

David Barris (Author), Nicholas Conte (Author), Linda Farrell (Author), Neil E. Grayson (Author), Peter Williams (Author), Chris Zaske (Author), S. Alan Rosen (Author), Chet Fenimore (Author), Randy D. Dennis (Author), V. Gerard Comizio (Author)

Book Description

Publication Date: July 1, 1999

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.

Editorial Reviews

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.

Product Details

• Paperback: 353 pages
• Publisher: SNL Securities (July 1, 1999)
• ISBN-10: 0967512204
• ISBN-13: 978-0967512204
• Average Customer Review: 3.5 out of 5 stars  See all reviews (2 customer reviews)
• Amazon Best Sellers Rank: #6,951,367 in Books (See Top 100 in Books)

Customer Reviews

Most Helpful Customer Reviews

9 of 10 people found the following review helpful:

2.0 out of 5 stars Good reference but awfully expensive, June 5, 2000

By A Customer

This review is from: Bank Founder's Guidebook (Paperback)

Buy this book if you have deep pockets and will indeed open your own bank. But again, if you have that kind of money, chances are that you are already familiar with the nuts-n-bolts of the banking industry, in which case the book will not be of much use. In my opinion this book would be most useful for the banking industry analysts...

5.0 out of 5 stars Excellent book for the banking industry., June 22, 2010

By 

Wet Mars (Australia) - See all my reviews

This review is from: Bank Founder's Guidebook (Paperback)

This is an excellent book for every banker to have it on his or her table. By not reading this book you may be missing a lot.