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Money, Business & Finance Ground >> Buying a bank or creating a new bank?


10/4/09 9:36 AM
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clarenceworley
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Member Since: 9/28/03
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I have a long-time overseas friend who wants me to look into the costs of buying or creating a US Bank. He and his co. are looking at a 10-20 million dollar purchase price or so. They want to use US deposits to pu into their construction lending mortgage banking business.

Anyone know a good place to start to find out?

Thanks,
10/4/09 9:24 PM
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Hank Scorpio
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Probably not the OG.
10/6/09 3:43 PM
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LiveWire
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Member Since: 11/15/04
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 This question has been rattled around here before. I know that if you google it, you'll find out what the process is.
10/6/09 10:10 PM
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clean livin'
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Makes me wonder. Today, I have had 2 meetings with potential investor "banks" wanting to loan me money on our land assets. Nothing under $5M.

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