Small banks for Sale in USA
PRLog (Press Release) –
Jun 02, 2009 – Scenario 1- Starting a new bank or De Nova Bank
• Minimum investment required to start a new bank- 10, 000,000
• Interest we pay or lose, in case we raise capital or go for 50% loan amount is $750,000 at 7.5% interest rate for the first year.
• If it takes longer time to get the approval it will be $1,125,000 for one and a half year.
• Now we have to take a new place, which will include cost of acquisition or the rent which I will put at $100,000 to $150,000
• Cost of payroll for the first one and a half year is $400,000 for the first year
• It normally takes minimum 2 years to make the bank profitable which means we have lost additional $ 400,000 for the second year.
• Now after 2 years our equity is down to 8 M as our total expenses are $2M
Our total cost is $2,075,000 this is keeping in view the fact, we never bought the building, and we rented out the premises.
• It will take additional 3 years for us to take it public.
Scenario 2- Buying New Bank, Chicago
• $23,000,000
Scenario 3- Buying New Bank, Chicago suburb suburbs
Scenario 4- Bank, Illinois– under due diligence
Scenario 5- Bank in NY, NY—– under due diligence
Scenario 6- Federal Saving in Dallas, TX
Scenario 7- National chartered bank in TX
• Bank is national chartered bank with $8 M in equity
• Bank is a national chartered
Scenario 8- National chartered bank in TX
• Bank is national chartered bank with $15 M in equity
• Bank is a national chartered
Scenario 9- Public profitable bank in FL
• Bank is with over 27 M in equity.
Scenario 10- National bank in IL
• Very small national chartered bank
Scenario 11- National bank in Midwest for $4M
• Very small national chartered bank
Scenario 12- National bank in Midwest for $4.5 M
• Very small national chartered bank
Scenario 13- National bank in West Coast for $4.2 M– under due diligence
• Very small national chartered bank
Scenario 14- National bank in Florida
Scenario 15- Bank shell in Florida state charter
• $1 M
•
Scenario 16- Bank shell in Midwest-OTS charter Federal
• $3 M requires replacement of equity.
And many more..
contact-
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Investment banking for mid market Mergers & Acquisition Specialists.
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