The FDIC is ready to start insuring new charters.
In an interview last month, FDIC Chairman Sheila Bair conceded that the agency had let too many new banks open with business plans dependent on commercial real estate lending, or brokered deposits.
Blair added, “We are going to be looking for banks that are committed to developing a core deposit base, and a reasonably well diversified business plan, good management and good capital.”
Original reference article by Barbara A. Rehm in [American Banker]
Philip Gonzalez, Director, has over 40 years of experience in the financial services industry, holding a wide variety of executive and senior management experience at community banks and financial institutions.