Bank Chartering

Our team knows the chartering process inside and out, having successfully supported applications for a wide range of institutions, including national trust bank, state trust company, industrial loan company (ILC), Georgia MALPB, and other novel bank charters. We combine deep expertise in fintech product launches and embedded banking with an integrated team that builds the crucial policy profile needed in Washington DC - we know what it takes to build a modern bank that regulators will approve.

Bank chartering is the process of establishing a regulated banking institution under an appropriate federal or state charter. The specific requirements depend on the proposed business model and charter type, but applicants typically need to demonstrate a viable strategy, sufficient capital, experienced leadership, strong governance and risk management, and the operational capabilities necessary to meet regulatory expectations.

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The bank chartering process can include:

• Determining the appropriate charter and regulatory path
• Establishing the proposed institution's operating model
• Developing credible financial and capital projections
• Recruiting qualified management and directors
• Building governance, risk and compliance infrastructure
• Preparing the charter application and supporting business plan
• Engaging with regulators before and after filing
• Demonstrating operational readiness before opening

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This foundational phase builds the strategic case for the charter. We conduct a choice-of charter analysis to weigh your options against business goals and constraints, regulatory hurdles, and market realities. We then develop an actionable roadmap outlining the proposed operating model and financial viability, preparing for internal decisions and initial exploratory discussions with regulators.

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With the strategy set, we build the formal application. Our team takes the lead in drafting the core components: the comprehensive Business Plan and detailed financial projections. We also develop the key elements of your proposed Governance, Risk, and Compliance (GRC) Framework, including committee charters and critical policies needed to meet regulatory expectations. We also assist in preparing for regulatory meetings, and sourcing qualified directors and management.

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After filing, our support continues through the entire regulatory review. We help respond to supplemental information requests and prepare for field investigations and pre-opening exams. Crucially, we help to operationalize the business plan and GRC framework to ensure Day 1 readiness.

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