Business Overview:
Own a community bank in the Midwest or invest for controlling interest. Approximately $60 million in total assets, $42 million in loans, $2.7 million in annual revenue, $2.5 million in reserves. Products and services offered include: demand, savings, and time deposits; commercial, industrial, consumer, and real estate loans. Experienced management and staff.
For more information regarding this listing please contact us by completing the "Contact the Seller" form to the left. We look forward to hearing from you.
Property Features and Assets:
Includes real estate with state of the art facility and equipment in a prime suburban, high traffic location.
Market Competition and Expansion:
Opportunities are abundant in the current market for a community bank as consumers and small businesses continue to pull away from large banks as the economy improves and a sense of normalcy is beginning to return. This bank has the infrastructure to grow, without significantly increasing expense.
Reason for Selling:
Need to Re-Capitalize
Additional Details:
- The property is owned.
- The owner is willing to train/assist the new owner.
- This is not a homebased business opportunity.
- This is not a franchise resale opportunity.
- This is a distressed business or bankruptcy situation.