Wanted: a Hollywood ending.

More than 200 banks opened their doors in 2007 and 2008, expecting they would have, per usual, a few years to turn a profit. The de novos had some reason to be optimistic. The pre-financial-crisis cohort missed the boom in commercial real estate lending, and in so doing, preserved credit quality and saved capital.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.