DeNovo Bank Consultation
FinPro’s De Novo Bank Consultation service guides investor groups through every step of forming a de novo bank and beyond.
Identify the Key Elements for Success
Our consultants will guide you through every stage of the de novo process, including, but not limited to:- Forming a Board built to generate business
- Finding qualified executives to lead the new institution
- Focusing strategic directives to ensure success
- Raising the optimal starting capital level
- Creating a ranking of a market area and compiling a market feasibility study
- Developing aggressive marketing programs
- Compiling a five-year pro forma strategic business plan
- Assisting counsel in the preparation of regulatory applications
- Assisting in the compilation of materials required for stock solicitation
Initial Meeting
FinPro consultants will 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 five-year 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 and 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.Nationally Recognized
- FinPro is an industry leader in working with start-up banks. Nationally, FinPro is advising over twenty organizing groups at various stages in the de novo process.
- FinPro has helped establish de novo banks in numerous states and geographic regions.
- FinPro can assist on thrift or bank, 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 ex-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
- 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 strategic planning, market feasibility, asset liability management, capital markets strategies, M&A advisory, and much more.
- 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 currently working with over 60 recently formed de novo institutions throughout the country.
- We invite you to check our testimonials for feedback on our experience and our commitment to guide you through a successful opening.
Please visit our de novo resources page for additional information.