To create a participatory bank where customers have the opportunity to be owners, partners, and beneficiaries, leveraging innovative financial solutions to expand access to capital and improve quality of life within the Diaspora Communities.
Step 1 - Identify the Promoters(Board of Advisors)
Step 2 - Identify interim Managers for the Bank
Step 3 - Raise Startup Funds $2M
Step 4 - Start fund raise for the minimum capital required - $20 - $35M
Step 5 - Operations will commence upon achieving two critical milestones: raising minimum capital of $20 million and receiving full regulatory approval from the Federal Reserve Bank of Richmond and FDIC.
Why we are starting this Bank?
To create a participatory bank where customers have the opportunity to be owners, partners, and beneficiaries, leveraging innovative financial solutions to expand access to capital and improve quality of life within the Diaspora Communities.
Option A - Acquire an existing financial institutions anywhere in the country
Option B - Start a De novo Bank
Step 1 - Identify the Promoters(Board of Advisors)
Step 2 - Identify interim Managers for the Bank
Step 3 - Raise Startup Funds $2M
Step 4 - Start fund raise for the minimum capital required - $20 - $35M
Step 5 - Operations will commence upon achieving two critical milestones: raising minimum capital of $20 million and receiving full regulatory approval from the Federal Reserve Bank of Richmond and FDIC.