Sally Helm
👤 PersonAppearances Over Time
Podcast Appearances
The regulation process is extremely serious.
The regulation process is extremely serious.
The regulation process is extremely serious.
And it is long. It starts even before you submit your application to state and federal agencies. First, you'll want to meet with the regulators. Be like, I'm thinking of doing this. If I were to put together an application, would you by any chance be interested in reading that application?
And it is long. It starts even before you submit your application to state and federal agencies. First, you'll want to meet with the regulators. Be like, I'm thinking of doing this. If I were to put together an application, would you by any chance be interested in reading that application?
And it is long. It starts even before you submit your application to state and federal agencies. First, you'll want to meet with the regulators. Be like, I'm thinking of doing this. If I were to put together an application, would you by any chance be interested in reading that application?
We're flesh and blood people. That's true. Ingrid White is deputy superintendent for banks with the Ohio Department of Commerce, the Division of Financial Institutions. She's in a couple book clubs, has two big dogs.
We're flesh and blood people. That's true. Ingrid White is deputy superintendent for banks with the Ohio Department of Commerce, the Division of Financial Institutions. She's in a couple book clubs, has two big dogs.
We're flesh and blood people. That's true. Ingrid White is deputy superintendent for banks with the Ohio Department of Commerce, the Division of Financial Institutions. She's in a couple book clubs, has two big dogs.
Ingrid's office in Ohio will eventually give a new bank their charter. That's like a license to do business. And the FDIC, the Federal Deposit Insurance Corporation, they will eventually insure customers' deposits. This is a cornerstone of banking. It was invented after the Great Depression. If you put your money in a bank and that bank fails, it is insured by the government up to $250,000.
Ingrid's office in Ohio will eventually give a new bank their charter. That's like a license to do business. And the FDIC, the Federal Deposit Insurance Corporation, they will eventually insure customers' deposits. This is a cornerstone of banking. It was invented after the Great Depression. If you put your money in a bank and that bank fails, it is insured by the government up to $250,000.
Ingrid's office in Ohio will eventually give a new bank their charter. That's like a license to do business. And the FDIC, the Federal Deposit Insurance Corporation, they will eventually insure customers' deposits. This is a cornerstone of banking. It was invented after the Great Depression. If you put your money in a bank and that bank fails, it is insured by the government up to $250,000.
That helps make it so that we all trust banks, which helps keep the economy stable. These regulators, they want to make sure that a new bank is worthy of that FDIC logo that they'll eventually get to display.
That helps make it so that we all trust banks, which helps keep the economy stable. These regulators, they want to make sure that a new bank is worthy of that FDIC logo that they'll eventually get to display.
That helps make it so that we all trust banks, which helps keep the economy stable. These regulators, they want to make sure that a new bank is worthy of that FDIC logo that they'll eventually get to display.
But the Fortuna Group has banking experience. So regulators are like, yeah, we'd like to see your application. Fortuna has finished step one. Step two, Fortuna submits a draft application.
But the Fortuna Group has banking experience. So regulators are like, yeah, we'd like to see your application. Fortuna has finished step one. Step two, Fortuna submits a draft application.
But the Fortuna Group has banking experience. So regulators are like, yeah, we'd like to see your application. Fortuna has finished step one. Step two, Fortuna submits a draft application.
Yeah, pretty much. It includes the business plan, also the names of the organizers. They're going to have to go through background checks.
Yeah, pretty much. It includes the business plan, also the names of the organizers. They're going to have to go through background checks.