Hey all, Jason here.
In this episode, I had the chance to talk with Michele Alt, cofounder and managing director of Klaros Group and a 22-year veteran of the Office of the Comptroller of the Currency. Michele and I had the chance to discuss:
What the opening of the “charter window” means and how fintechs should think about the opportunity
The de novo process vs. acquiring an existing bank
Michele and Klaro’s recent work on SmartBiz’s acquisition of United Community Bancshares and its subsidiary, Centrust Bank
Thinking through when becoming or buying a bank makes sense vs. when it might not
The open letter Michele coauthored alongside many other industry experts advocating for changes the federal bank regulators can make to streamline de novo bank formation
What Michele is keeping her eye on in DC at the moment
And much more!
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