1/ PSA: Startups are looking to diversify their banking relationship.
Here is a list of banks you can contact.
The banks that are hungriest to open up deposit accounts are those that have the highest loan-to-deposit ratios...
Here is a list of banks you can contact.
The banks that are hungriest to open up deposit accounts are those that have the highest loan-to-deposit ratios...
2/
Non-Consensus recommendation: Your local community bank. You are more likely to get personalized service and care.
Here is a list of solid banks sorted by loan-to-deposits:
- First Republic
- Capital One
- Citizen's
Non-Consensus recommendation: Your local community bank. You are more likely to get personalized service and care.
Here is a list of solid banks sorted by loan-to-deposits:
- First Republic
- Capital One
- Citizen's
3/
- KeyCorp
- M&T Bank
- Truist
- PNC
- KeyCorp
- M&T Bank
- Truist
- PNC
4/
- Fifth Third
- Regions
Note that Web3/crypto firms are subject to "enhanced due diligence".
Budget weeks to months & parallel path.
- Fifth Third
- Regions
Note that Web3/crypto firms are subject to "enhanced due diligence".
Budget weeks to months & parallel path.
5/ Also, consider tools like MaxMyInterest.com
How to DYOR. Consider the following spot-check:
1. Look at the bank's regulatory capital metrics.
Specifically: liquidity coverage ratio (LCR).
How to DYOR. Consider the following spot-check:
1. Look at the bank's regulatory capital metrics.
Specifically: liquidity coverage ratio (LCR).
5/
2. Check for size of unrealized losses as reported in the banks 'Hold to Maturity' (HTM) portfolio.
Deduct that value from the bank's Stockholder equity.
What % of the bank assets is backed by stockholder equity (e.g., modified Tier 1 Capital Ratio)? [ Higher is good ]
2. Check for size of unrealized losses as reported in the banks 'Hold to Maturity' (HTM) portfolio.
Deduct that value from the bank's Stockholder equity.
What % of the bank assets is backed by stockholder equity (e.g., modified Tier 1 Capital Ratio)? [ Higher is good ]
6/
3. Look for a bank with a stable deposit base that is not concentrated in a 'fast money' sector.
4. Go to FDIC.gov. There are analytical tools to look at the bank's Call Reports and compare the banks key metrics to their peer groups. Review financials.
#NFA
3. Look for a bank with a stable deposit base that is not concentrated in a 'fast money' sector.
4. Go to FDIC.gov. There are analytical tools to look at the bank's Call Reports and compare the banks key metrics to their peer groups. Review financials.
#NFA
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