How to start a bank
Planet Money
00:00
Reviving Community Banking: Challenges and Innovations
This chapter explores the significance of community banks in supporting local businesses and entrepreneurs, especially women, amid a competitive financial landscape. It highlights the arduous process of starting a new bank post-2008, focusing on regulatory hurdles and securing capital while addressing the impact of recent banking instabilities. The narrative emphasizes the resilience and commitment of founders despite daunting challenges, aiming to reshape perceptions about the vital role of community banking.
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