INTERSTATE BANK DEVELOPERS, INC.
An Ideal Time to Start a Bank!
It is indeed an excellent time to start a new bank!
Contrary to what you may have heard, banking regulators want to see the formation of new banks.
Martin Gruenberg, Chairman of the FDIC and Thomas Hoenig who serves on the FDIC board with Mr. Gruenberg are long-time supporters of community banks. Their support goes back many years and they are now positioned to be able to be of help. The two run the FDIC.
Remarks by Martin J. Gruenberg, Chairman Federal Deposit Insurance Corporation, on October 23, 2017 about The Importance of Community Banks to the U.S. Financial System and Economy make it clear why there has never been a better time to start a community bank.
https://www.fdic.gov/news/news/speeches/spoct2317.pdf
The nearly 4 year culmination of their plan to encourage formation of community banks was unveiled on April 6, 2016 at a meeting in Washington D.C. where Chairman Gruenberg’s introductory statement was, “Community banking goes to the soul of the FDIC.”
https://mp163425.cdn.mediaplatform.com/163425/wc/mp/4000/15861/15890/59107/Lobby/default.htm
The afternoon session conducted by Vice-Chairman Thomas Hoenig opened with his comment that community banks are a “Topic that is near and dear to my heart."
https://mp163425.cdn.mediaplatform.com/163425/wc/mp/4000/15861/15890/59108/Lobby/default.htm
A plethora of material was provided for those of us who want to start community banks.
The FDIC and the Conference of State Bank Supervisors held a de novo application training session in September 2015, which observers saw as a signal that regulators would like to see more new bank formations.
FDIC Conference Highlights Small Bank Challenges, Encourages De Novo Activity
https://www.csbs.org/news/csbs-examiner/Pages/040816.aspx
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