Startup banks go unseen in stateStartup banks go unseen in state
Washington, DC,
August 12, 2016
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By David Smith
There were more than 35 startup banks in Arkansas from 1995 to 2008, but no one has the desire to start a new bank now, the commissioner of the Arkansas Bank Department said Thursday. "I don't know that there has been that much interest from investors" about starting a new bank, said Candace Franks, commissioner of the department. There has been an increase in regulatory requirements for more bank capital that would deter investors from putting up money for a bank, Franks said at a meeting of the central Arkansas chapter of the Risk Management Association. Click here to read the entire story. |
