INTERSTATE BANK DEVELOPERS, INC.

Help Create a Bank

      

If you have reached a point in your life that you want to help your community financially then it is time to start a bank. 

Why a bank!  You can personally earn a financial return, and the money multiplier of 4 to 10 times created when banks reinvest in their community will strengthen your region.

James A. Garfield, former President of the United States said, "Whoever controls the volume of money in any country is absolute master of all industry and commerce."

A “super-entity” of 147 tightly knit companies, mostly banks, controls 40 per cent of the total wealth in the global network according to the New Scientist.

The Federal Deposit Insurance Corporation recently released a study on trends in U.S. community banking over the 27-year period from year-end 1984 through 2011.  The FDIC study declared, “Trends observed in 2012 suggest a positive outlook for the community banking sector.” 

Of the 6,501 banking organization in 2012, there were 6,141 designated as community institutions.  Their assets grew by $47 billion to $2 trillion in 2012.  Yet, chartering of new community banks dropped dramatically. 

As of November 2013 there were two pending application.  Bank of Bird-In-Hand in Pennsylvania opened for business on November 30th. 

Some 200 supporters bought $17 million of Bank-of-Bird-in Hand common stock making the bank well-capitalized by FDIC standards

The bank was approved by the FDIC in 6 months. 

Capital raising from external sources rather than from retained earnings remains important.  During 2012, 549 community banks raised $3.4 billion in new capital from external sources. According to the FDIC study, “This capped a five-year period in which community banks as a group raised a total of nearly $40 billion from the capital markets, and reflects continued investor confidence in the community banking model.” 

They conclude, “Although there were no new institutions chartered in 2012, recent signs point to renewed interest in new bank charters”.

Are regulators and Congress interested in new banks?  The answer is a resounding yes!

The FDIC is 80 years old.  2012 was the first time in its history to include training videos on their site for new bank directors.  See https://www.fdic.gov/regulations/resources/director/video.html.

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