Start Your Own Bank (Really)
From August 2005
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Calnet has since shown strong, steady growth. The bank’s first quarter 2005 reports marked the seventh straight quarter of growth, with net income climbing to $416,000, compared with only $20,000 in the same quarter a year earlier. Its assets are up 40 percent, to $153 million.
Same Experience
Ryan is hoping to have the same experience with his proposed Sutter Community Bank in Yuba City, which he hopes to open by next Thanksgiving. Steve Voelker, an experienced banker from Southern California, will be CEO and Avery is their consultant.
Voelker says the idea for the bank started with a group of local business people who were “concerned and dismayed” about the absence of local banks after a series of acquisitions.
“The feeling is that a community bank has all of the decision-making right there in the community,” Voelker says. “It can provide better relationship banking with the community and help the community, along with building a customer base. It’s sort of a symbiotic relationship.”
Right now, the bank consists of a nine-member organizing committee, a pending application and a dream. If state regulators OK the charter, they will look to raise about $9 million to $11 million in capital.
Not Smug, Confident
Continued...
Same Experience
Ryan is hoping to have the same experience with his proposed Sutter Community Bank in Yuba City, which he hopes to open by next Thanksgiving. Steve Voelker, an experienced banker from Southern California, will be CEO and Avery is their consultant.
Voelker says the idea for the bank started with a group of local business people who were “concerned and dismayed” about the absence of local banks after a series of acquisitions.
“The feeling is that a community bank has all of the decision-making right there in the community,” Voelker says. “It can provide better relationship banking with the community and help the community, along with building a customer base. It’s sort of a symbiotic relationship.”
Right now, the bank consists of a nine-member organizing committee, a pending application and a dream. If state regulators OK the charter, they will look to raise about $9 million to $11 million in capital.
Not Smug, Confident
Continued...
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