Our Model is Simple
We become your chief operating, financial, technology, compliance, and administrative officer. We guide you through the regulatory filing process and bank build, and ensure all the components are in place for charter approval.
We charge a flat monthly fee for our services and are complete once the new environment is transitioned to your new team members.
So much of the application and bank build process is “hurry up and wait”. The result is you have expensive resources being unproductive throughout much of the build process. Our model removes these inefficiencies, removes the unpredictability of cost, and allows you to hire the right resources at the point when they will be most productive.
Our model allows you to focus on:
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Capital Raise
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Strategy
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Team Building
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Product
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Branding
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Revenue
What we don't do
We are your partner, but the regulatory agencies will consider us a third-party service provider. As you go through the de novo build and approval process the regulators will want to ensure the Founders are highly involved and taking responsibility for all aspects of the new bank. You will need to be prepared to participate throughout the process, make strategic decisions, and take ownership of a few key responsibilities which we currently do not provide.
- We do not replace the need for legal counsel
- Identify a correspondent banking partner
- Support office location identification and buildout
- Find alternative deposit insurance for International Financial Entities
