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Luke Mullins
AUG 24, 2007 1:00am ET

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Delays Spur ILC to Take New Charter

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When MagnetBank opened two years ago, its founders chartered it as an industrial loan company, because that charter seemed to suit its unconventional business model of funding commercial loans entirely with wholesale deposits.

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17th Annual Best Practices in Retail Financial Services Symposium
March 11-13, 2012
Boca Raton Resort & Club, Boca Raton, FL
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March 14-16, 2012
Hyatt Regency New Orleans, New Orleans, LA
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Omni Mandalay Hotel at Las Colinas, Dallas (Irving), TX
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