Breaking News 2015: FinPro assists Primary Bank (NH) in becoming the second de novo bank to receive conditional approval in 5 years. Click Here to Read the Press Release
IDENTIFY THE KEY ELEMENTS FOR SUCCESS
FinPro consultants will guide you through every stage of the de novo process, including, but not limited to:
FinPro consultants sit down with founders, establish a timeline, and outline the entire process of forming a de novo bank.
MODELING OF STRATEGIC BUSINESS PLAN
The strategic business plan and pro forma financial projections are developed through an interactive process between FinPro, founders, and management. The business plan is produced in a format designed for the regulatory agencies.
APPLICATION & REGULATORY APPROVAL
FinPro will continue to advise through the application process, attend regulatory hearings, and assist the Bank with regulatory questions to ensure that approval is attained.
FinPro has helped established de novo banks in numerous states and geographic regions. FinPro can assist on national or state, ethnic, cultural, lifestyle or business niche, a de novo as a subsidiary of a parent bank, and many other strategic directives.
UNPARALLELED INDUSTRY KNOWLEDGE
- FinPro’s extensive library of detailed market information encompasses all aspects of the marketplace so that decisions on branch locations can be made based upon detailed demographic and competitive data.
- FinPro has several former regulators on staff that provide great insight into the key factors in getting a de novo application approved.
- Periodic research studies on national de novo trends keep FinPro abreast of emerging issues.
A LONG TERM RELATIONSHIP
Many de novos that have struggled to succeed engage FinPro in the third or fourth year of operation in order to achieve better performance. FinPro is one of the few de novo consulting firms that are capable of providing ongoing advisor services after the bank begins operations in the areas of consulting, capital markets strategies, M&A advisory, leadership and education, corporate governance and much more.