A conversation with Charley Cummings, founder and CEO of Walden Mutual Bank, about building a cooperative bank, owned by the customers, and why starting a bank might be the most impactful thing you can do in your regional food system and much more.
Why would Charley after founding a successful, local, animal protein, direct to consumer, grass fed and finished businesses decided to start a bank, and not a bank build for an exit no a mutual one basically a cooperative owned by the customers?And to make matters worse the last mutual bank in the US was started over 50 years ago. It is safe to say the regulators weren’t really going easy on Charley when starting his bank.
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The above references an opinion and is for information and educational purposes only. It is not intended to be investment advice. Seek a duly licensed professional for investment advice.
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