Created to Build Banks
Between the beginning of the Great Recession in 2008 and the end of 2018, there was only one de novo bank national charter issued. The number of banks continued to shrink and it wasn't until late 2019 that the banking regulators became receptive to new bank ideas. Then COVID hit and things slowed again. We have now learned to function in the COVID environment and there has been an influx of new banking applications.
The challenges of building a de novo bank today are significantly different than they were pre-2008. These challenges are the foundation upon which D.A. Price & Associates was built. The founding members (originators) of a de novo bank cannot afford, nor does it make sense, to hire all the expertise required to build a modern bank at the very beginning of the effort. It is inefficient and cost-prohibitive.
We are here to fill that gap. To provide the expertise when and where you need it. This allows you to bring on your permanent resources when they will be the most productive.
A Tangible Value Proposition
Risk
To minimize your risk (financial, operational, strategic) throughout the de novo bank build process. By Leveraging our expertise, experience, intellectual property, and network of technology and services providers we can help you avoid time-consuming and expensive mistakes.
Money
With us in place, you reduce a significant amount of expense by being able to hire key executives and team members at the point when they will be productive. You will not need to hire far in advance because of an immediate need and then have the resources wait for the next milestone.
Time
To free your time to focus on the strategic activities that will drive success. This includes visioning a differentiated banking value proposition, leading the capital raising efforts, building a board of directors and an executive leadership team, and developing a brand and marketing strategy that will drive revenue.
Don't let our scars be for nothing. Take advantage of our lessons learned.
Our Team
Don Allen Price
At the end of 2015, Don Allen left big banking to pursue building a next-generation bank. As President and CEO of the US international bank, International Financial Enterprise Bank (IFEB), he led the design and build of one of the most robust and compliance-centric IFEs operating. IFEB sold in the Fall of 2019. Since that time, Don Allen has been focused on helping other de novo banking efforts go from concept to reality.
Don Allen has a broad range of skills and knowledge based on years of hands-on experiences gained as a banker, consultant, and entrepreneur. He has been involved with organizations of all shapes and sizes and across numerous industries both domestically and abroad. He is equally comfortable in the boardroom as in discussing the best technical architecture, streamlining operations, or guiding a market differentiating strategy.
He has a passion for designing and building something new, fixing what is broken, and helping others achieve their goals.
Our Associates
We believe we have assembled the very best talent across numerous expertise. They are bankers, consultants, technologists, and specialists in our fields. We have consolidated this intellectual property and built a knowledge base that every client is able to leverage. Our Associates are the driving force behind the success of our organization.
Besides their knowledge and experience, they all have something in common. They love to roll up their sleeves and get the job done. They are doers. This common desire is a value we are proud of and something we hope we can share with you.
