Monday, May 22, 2006

Workshop helps Ethnic and Niche Markets Develop Banking Institutions

This company provides useful workshops for entrepreneurs or professionals looking to create financial institutions for specific target markets not well served by the traditional banking industry. Now may be the perfect time to invest in starting a bank.

The Internet also seems to be the perfect place to start savings banks. Please read the article below find out when the StartaBank workshops will be in New York.

STARTABANK WORKSHOPS TO RESUME IN MAY

New York, NY - With the financial services industry coming off another record year of earnings, and de novo bank offerings up from 78 to 87 in 2005, raising a total of $18.19 billion of capital, there has never been a better time to open a bank.

The success of the banking industry over the past year is due in part to the never-ending M&A activity by larger institutions, fueling the de novo activity. Some regions of the US seem more promising than others for launching a new bank, especially in the areas that are traditionally depository states. This past year also saw a resurgence in the New England area, where they are finally ready to support locally owned institutions after the tremendous number of failures years ago, and the massive consolidation that has led to a landscape of few community banks. South Florida too is on fire, with many new start ups looking for specialty niches. The nation as a whole is experiencing a shift toward niche markets, with Hispanics, Asians, African Americans and church groups or faith based community groups looking to form banks that offer services geared towards their culture and language.

Top five states for de novo activity, Top 25 best Cities, Emerging Markets, African American and Faith Based, a trend that has begun to emerge over the past two years; all of these market sectors represent an important determining point when considering where to put a bank, how to start, what will make it successful, and again this year the experts at STARTABANK.com are making ready to launch their fourth series of workshops on How to Start A Successful Banking Franchise to address these and other questions. The seminar series kicks of May 22nd in San Francisco, and is schedule to visit nine other cities through September.

Startabank's group of presenters are the nation's top experts in their fields including, Application Economists, Attorneys, Accountancy's & Auditors, Securities, Strategists, Brand Developers, Technology Firms and Capital Acquisition Specialists. Every aspect of the bank formation industry will be represented. Attendees will also meet bank organizers currently in the organization phase, along with those who have successfully launched their bank. Never has there been so much talent in one place regarding Bank Formation & Charters.

For more information please contact Carey Richardson at 800-975-BANK or visit: Start a Bank How To . Registration is required due to limited seating. Discounts available to members of the same organization.

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