DeNovo Charter Consulting
There is renewed interest in forming new community-oriented banks and we have the experience to support you though the process, having assisted numerous groups of investors in launching new bank charters. The decision to start a new bank should be carefully assessed according to management experience, financial and market factors, capital adequacy, and the convenience and needs of the community.
FORVIS can help with laying the groundwork to assess the economic feasibility of the new bank, as well as considering the quality and experience of the proposed executive management team and the strength and depth of the proposed Board of Directors and organizers. We can help develop business plans, assist you with regulatory applications and filing processes, and consult on structuring stock offerings. After launch of the new bank or credit union, we can continue to work with your management team and Board to monitor progress.