Entries by Carpenter & Company

FDIC Invites New Bank Applications

August 10, 2016 in , /by

The FDIC announced that they are reducing the supervisory period for newly established banks to three years, down from the seven year requirement instated in the aftermath of the financial crisis.  In addition, they expressed an interest in receiving new bank applications. “The entry of new banks has helped to preserve the vitality of the […]

Analysis: Success Rate of New Banks

August 10, 2016 in , /by

            The success rate of new banks has historically been high. Carpenter & Company completed an analysis of the financial results posted by all 1,687 banks opened in the United States from 1992 to 2015.1 Our findings were instructive.  Of those banks, 1648 – 98% of the total – achieved profitability […]

Cal Republic Exits with an IRR of 15.8%

April 18, 2016 in , /by

      In April 2016, California Republic Bancorp (“Cal Republic”) announced that it would be acquired by Mechanics Bank for $37.19 per share in an all cash transaction.  The announcement comes less than nine years after California Republic Bank was started. The deal, which is expected to close in the 4th quarter of 2016, […]