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Small Commercial Bank For Sale
Location: United States
Industry: Business Services > Financial




Business Summary

The owners of this Bank could not allocate the time and resources to grow the bank and so have decided to sell and focus on their other businesses.

ACTIVITIES OF THE COMMERCIAL BANK:
a) the bank has been in business for 100 years
b) it is a fully licensed and chartered commercial bank
c) it is regulated and supervised by the Federal Reserve Bank and the Federal Deposit Insurance Corporation (FDIC)
d) it has a clean history of operations, with no regulatory problems or issues
e) it is a privately owned bank

PRODUCTS AND SERVICES OF THE COMMERCIAL BANK:
1. deposits
2. certificates of deposit (i.e. fixed deposits or CDs)
3. savings accounts
4. checking accounts
5. money market accounts
6. funds transfer services (wire-transfers)
7. certified checks and bank drafts
8. foreign currency exchange
9. debit and credit cards capability
10. cash management
11. retail (individual) and commercial loans
12. mortgages
13. overdraft facilities and lines of credit
14. letters of credit
15. notary public
16. the bank is authorized to buy, sell, hold and invest in securities for its own account
17. the bank owns commercial and residential real estate for its own portfolio
18. the bank is capable of expanding its operations throughout the USA
19. the bank has an opportunity to create a virtual or online bank
20. the bank has joint venture opportunities with FinTech (financial technology) companies

Note, if you acquire the US Commercial Bank, you will be able to acquire this below EUR10mn Investment Bank in Europe from the same owner (Snapshot below):

ACTIVITIES OF THE INVESTMENT BANK:
a) it has been in operation for one-quarter century (25 years)
b) it has operated in Switzerland (or 10 years) and the USA (for 15 years)
c) its executives and board of directors have premier academic and professional qualifications, banking experience and a global network of contacts
d) it was previously registered as an RIA firm.


Financials

Asking Price Range:  $2.5M - $5.0M
Gross Revenues:   $240,000
Cash Flow:   Seller Will Provide
Cash Flow Type:  EBITDA
Seller Financing:  Not Disclosed

About The Business

Year Established:  1917
Number of Employees:  10 - 19
Relocatable:  Not Disclosed
Franchise:  No
Current Real Estate:  Leased
Property:  Property For Sale

About The Sale

Reason For Selling:  Focus on other businesses.




Print Listing Id: 700283017
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Also See: Franchise Opportunities > Franchise Resales

Also See: Franchise Opportunities > Franchise Resales > Business Brokers > Commercial Property For Sale > Commercial Property For Lease



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