Want to start a new bank but aren't sure where to begin? A former Washington State banking regulator says he has just the tool.
M.D. Edwards, president of Depository Formations Inc. in Olympia, Wash., has launched an Internet site to help would-be organizers navigate the regulatory maze of starting a bank. The two-week-old site -- www.startnewbanks.com -- also alerts investors of opportunities to buy stock in newly formed banks.