Buying a bank

Banking Buying Process

Based on an Buyer request for advisory:
0 – sign the consultancy agreement and get paid
1 – identify target bank -two options 
2 – conduct due diligence – on both options
3 – finalized preliminary agreement – with only one option
4 – identify new management
5 – identify BOD Candidates
6 – submit change of control applications to National Bank
7 – get Approval for buying from National  Bank
8 – sign the final agreement and do the buy/sell operations
9 – get the consultancy fees and the commission for success 
10- set-up the new bank opperations in place
11- start-up the new bank procedures