Planet Money How to start a bank
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Mar 7, 2025 Starting a bank is like launching any business, but with way more regulations! Follow two women in Columbus, Ohio, as they tackle the daunting challenges of creating a community bank. Discover the unique focus on empowering female entrepreneurs and the hurdles faced in the wake of past financial crises. Get a glimpse into the meticulous planning and the exciting journey to the grand opening, complete with humorous anecdotes and overcoming obstacles. It's a fascinating exploration of innovation and resilience in the banking world!
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Fortuna's Origin
- Lisa Berger, a successful entrepreneur, sought a legacy project.
- Inspired by other bankers, she decided to start a woman-owned bank.
Women in Banking
- Very few banks in the US are owned by women.
- Of the existing women-owned banks, only a handful were intentionally founded by women.
Bridging the Gap
- Women often lack casual connections for business advice.
- Fortuna aims to provide that support and guidance.