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Ernest Garfield's Comments

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How To Start Your Own Bank

How To Start Your Own Bank

Commented Mar 20, 2010 at 18:16:01 in Business

“It would be helpful if regulators would change their method of counting the number of banks that fail. They count each charter as one bank when in fact holding companies can and do own multiple charters. Example, several weeks ago 9 banks were reported as failing. What the public was not told is that all of those charters were owned by one holding company. So, the failure rate, while sad, is not as bad as the figures depict.

I help start banks! See www.independentbankdevelopers.com.

Ernie Garfield”