JavaScript is disabled for your browser. Some features of this site may not work without it.
  • About K
  • Academics
  • Admission
  • Alumni Relations
  • Giving to K
  • News & Events
  • Student Life
  • HORNET HIVE
  • ATHLETICS
  • SITEMAP
  • WEBMAIL
    • Login
    View Item 
    •   CACHE Homepage
    • Academic Departments, Programs, and SIPs
    • Economics and Business
    • Economics and Business Senior Integrated Projects
    • View Item
    •   CACHE Homepage
    • Academic Departments, Programs, and SIPs
    • Economics and Business
    • Economics and Business Senior Integrated Projects
    • View Item

    The Formation of a National Bank: Goleta National Bank

    Thumbnail
    View/Open
    Searchable PDF / Kalamazoo College Only (7.525Mb)
    Date
    1990
    Author
    Price, Geoffrey L.
    Metadata
    Show full item record
    Abstract
    1.1 Introduction The procedures involved in the opening of a national bank are manifold. At the base is the application for permission to establish the proposed bank. It is in this application that the organizers of the proposed bank must demonstrate to the Office of the Comptroller of the Currency of the U.S. Treasury Department, the demand, opportunity, and other rationale behind the formation of a national bank. 1.2 Business Description The Comptroller of the Currency (OCC) requires that banks applying for a national charter delineate the community which it will serve and list the types of services it will offer. An important part of this requirement is the Community Reinvestment Act Statement. This aids the OCC in determining the credit needs of the community to be served. 1.3 Leadership and Management Sound and competent management is crucial to the success of a new bank. The selection of a qualified president/chief executive officer, board of directors, cashier, and loan officer are marked decisions to be considered with extreme care. 1.4 Plans and Objectives Anticipated market growth and asset/liability structure of the proposed bank play large roles in the OCC' s decision regarding the issuance of a national charter. Conservative projections typify most proposed bank's plans and objectives. 1.5 Capitalization/Net Worth Plan Initial capitalization level of a proposed bank is determined by the OCC, judging from the area's market conditions, future prospects, and the operating plans of the organizers. The actual capital raising process is left to the discretion of the organizers, but must be detailed in the application for a charter. 1.6 Analysis of Market Area Analyzing the economic characteristics of the community to be served is mandatory in order to determine the area's ability to support a local, national bank. Such characteristics generally include population, employment, construction, retail-trade, and transportation. 1.7 Analysis of Competition By demonstrating to the OCC the economic state of the area's other financial institutions, they (the OCC) are better able to make a judgement concerning the entrance of another competitor into the marketplace. 1.8 Market Strategies The OCC requires that the organizers of a proposed national bank detail their strategies for becoming competitive in their marketplace. Advertising, director and founder involvement in the bank and community, and extension of services all may play roles in the proposed bank's plan. 1.9 Conclusion After satisfying all of the conditions required by the OCC, a national charter may be issued. The time to realize what was once only down on paper has arrived.
    URI
    http://hdl.handle.net/10920/27680
    Collections
    • Economics and Business Senior Integrated Projects [1202]

    Related items

    Showing items related by title, author, creator and subject.

    • Thumbnail

      Experiential SIP: National Logistics Management/ IT Extern An Experiential Description and Classroom Connections / Essay of My Externship at National Logistics Management in Southfield, Michigan. 

      Leonowicz, Alex (2007)
      This summer I worked for National Logistics Management (NLM) as an IT intern. I secured this position through the externship program at Kalamazoo College. For the first week of my internship, I lived with the CEO of NLM, ...
    • Thumbnail

      Power Dynamics, Nationalism, and Public Image of Women in the Chinese Nation-State 

      Bamberg, Jeneil M. (Kalamazoo, Mich. : Kalamazoo College., 2007)
      Culture dictates the rituals that we do with and to our bodies, and cultural norms dictate the acceptability of said rituals within discrete cultures. To some, the ritual of female genital circumcision in certain African ...
    • Thumbnail

      The Scottish National Party: A Study in the Growth of Nationalism 

      Stewart, Margaret Gay (1968)
      It is the purpose of this paper to examine the independence movement, its arguments and goals, the counterarguments and fears which it produces. The SNP has emerged as a political force in the last five years; the ...

    Browse

    All of CACHECommunities & CollectionsBy Issue DateAuthorsTitlesSubjectsThis CollectionBy Issue DateAuthorsTitlesSubjects

    My Account

    Login

    DSpace software copyright © 2002-2023  DuraSpace
    DSpace Express is a service operated by 
    Atmire NV
    Logo

    Kalamazoo College
    1200 Academy Street
    Kalamazoo Michigan 49006-3295
    USA
    Info 269-337-7000
    Admission 1-800-253-3602

    About K
    Academics
    Admission
    Alumni Relations
    Giving to K
    News & Events
    Student Life
    Sitemap
    Map & Directions
    Contacts
    Directories
    Nondiscrimination Policy
    Consumer Information
    Official disclaimer
    Search this site


    Academic Calendars
    Apply
    Bookstore
    Crisis Response
    Employment
    Library
    Registrar
    DSpace Express is a service operated by 
    Atmire NV