bank manager business plan

Bank Business Plan Template

Written by Dave Lavinsky

Bank Business Plan

Over the past 20+ years, we have helped over 500 entrepreneurs and business owners create business plans to start and grow their banks.

If you’re unfamiliar with creating a bank business plan, you may think creating one will be a time-consuming and frustrating process. For most entrepreneurs it is, but for you, it won’t be since we’re here to help. We have the experience, resources, and knowledge to help you create a great business plan.

In this article, you will learn some background information on why business planning is important. Then, you will learn how to write a bank business plan step-by-step so you can create your plan today.

Download our Ultimate Business Plan Template here >

What Is a Business Plan?

A business plan provides a snapshot of your bank as it stands today, and lays out your growth plan for the next five years. It explains your business goals and your strategies for reaching them. It also includes market research to support your plans.

Why You Need a Business Plan

If you’re looking to start a bank or grow your existing bank, you need a business plan. A business plan will help you raise funding, if needed, and plan out the growth of your bank to improve your chances of success. Your bank business plan is a living document that should be updated annually as your company grows and changes.

Sources of Funding for Banks

With regards to funding, the main sources of funding for a bank are personal savings, credit cards, bank loans, and angel investors. When it comes to bank loans, banks will want to review your business plan and gain confidence that you will be able to repay your loan and interest. To acquire this confidence, the loan officer will not only want to ensure that your financials are reasonable, but they will also want to see a professional plan. Such a plan will give them the confidence that you can successfully and professionally operate a business. Personal savings and bank loans are the most common funding paths for banks.

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How to write a business plan for a bank.

If you want to start a bank or expand your current one, you need a business plan. The guide below details the necessary information for how to write each essential component of your bank business plan.

Executive Summary

Your executive summary provides an introduction to your business plan, but it is normally the last section you write because it provides a summary of each key section of your plan.

The goal of your executive summary is to quickly engage the reader. Explain to them the kind of bank you are running and the status. For example, are you a startup, do you have a bank that you would like to grow, or are you operating a chain of banks?

Next, provide an overview of each of the subsequent sections of your plan.

Give a brief overview of the bank industry.
Discuss the type of bank you are operating.
Detail your direct competitors. Give an overview of your target customers.
Provide a snapshot of your marketing strategy. Identify the key members of your team.
Offer an overview of your financial plan.

Company Overview

In your company overview, you will detail the type of bank you are operating.

For example, you might specialize in one of the following types of banks:

Commercial bank : this type of bank tends to concentrate on supporting businesses. Both large corporations and small businesses can turn to commercial banks if they need to open a checking or savings account, borrow money, obtain access to credit or transfer funds to companies in foreign markets.
Credit union: this type of bank operates much like a traditional bank (issues loans, provides checking and savings accounts, etc.) but banks are for-profit whereas credit unions are not. Credit unions fall under the direction of their own members. They tend to serve people affiliated with a particular group, such as people living in the same area, low-income members of a community or armed service members. They also tend to charge lower fees and offer lower loan rates.
Retail bank: retail banks can be traditional, brick-and-mortar brands that customers can access in-person, online, or through their mobile phones. They also offer general public financial products and services such as bank accounts, loans, credit cards, and insurance.
Investment bank: this type of bank manages the trading of stocks, bonds, and other securities between companies and investors. They also advise individuals and corporations who need financial guidance, reorganize companies through mergers and acquisitions, manage investment portfolios or raise money for certain businesses and the federal government.

In addition to explaining the type of bank you will operate, the company overview needs to provide background on the business.

Include answers to questions such as:

When and why did you start the business?
What milestones have you achieved to date? Milestones could include the number of clients served, the number of clients with positive reviews, reaching X number of clients served, etc.
Your legal business Are you incorporated as an S-Corp? An LLC? A sole proprietorship? Explain your legal structure here.

Industry Analysis

In your industry or market analysis, you need to provide an overview of the bank industry.

While this may seem unnecessary, it serves multiple purposes.

First, researching the bank industry educates you. It helps you understand the market in which you are operating.

Secondly, market research can improve your marketing strategy, particularly if your analysis identifies market trends.

The third reason is to prove to readers that you are an expert in your industry. By conducting the research and presenting it in your plan, you achieve just that.

The following questions should be answered in the industry analysis section of your bank business plan:

How big is the bank industry (in dollars)?
Is the market declining or increasing?
Who are the key competitors in the market?
Who are the key suppliers in the market?
What trends are affecting the industry?
What is the industry’s growth forecast over the next 5 – 10 years?
What is the relevant market size? That is, how big is the potential target market for your bank? You can extrapolate such a figure by assessing the size of the market in the entire country and then applying that figure to your local population.

Customer Analysis

The customer analysis section of your bank business plan must detail the customers you serve and/or expect to serve.

The following are examples of customer segments: individuals, small businesses, families, and corporations.

As you can imagine, the customer segment(s) you choose will have a great impact on the type of bank you operate. Clearly, corporations would respond to different marketing promotions than individuals, for example.

Try to break out your target customers in terms of their demographic and psychographic profiles. With regards to demographics, including a discussion of the ages, genders, locations, and income levels of the potential customers you seek to serve.

Psychographic profiles explain the wants and needs of your target customers. The more you can recognize and define these needs, the better you will do in attracting and retaining your customers.

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Competitive Analysis

Your competitive analysis should identify the indirect and direct competitors your business faces and then focus on the latter.

Direct competitors are other banks.

Indirect competitors are other options that customers have to purchase from that aren’t directly competing with your product or service. This includes trust accounts, investment companies, or the stock market. You need to mention such competition as well.

For each such competitor, provide an overview of their business and document their strengths and weaknesses. Unless you once worked at your competitors’ businesses, it will be impossible to know everything about them. But you should be able to find out key things about them such as

What types of customers do they serve?
What type of bank are they?
What is their pricing (premium, low, etc.)?
What are they good at?
What are their weaknesses?

With regards to the last two questions, think about your answers from the customers’ perspective. And don’t be afraid to ask your competitors’ customers what they like most and least about them.

The final part of your competitive analysis section is to document your areas of competitive advantage. For example:

Will you provide loans and retirement savings accounts?
Will you offer products or services that your competition doesn’t?
Will you provide better customer service?
Will you offer better pricing?

Think about ways you will outperform your competition and document them in this section of your plan.

Marketing Plan

Traditionally, a marketing plan includes the four P’s: Product, Price, Place, and Promotion. For a bank business plan, your marketing strategy should include the following:

Product : In the product section, you should reiterate the type of bank company that you documented in your company overview. Then, detail the specific products or services you will be offering. For example, will you provide savings accounts, auto loans, mortgage loans, or financial advice?

Price : Document the prices you will offer and how they compare to your competitors. Essentially in the product and price sub-sections of your plan, you are presenting the products and/or services you offer and their prices.

Place : Place refers to the site of your bank. Document where your company is situated and mention how the site will impact your success. For example, is your bank located in a busy retail district, a business district, a standalone office, or purely online? Discuss how your site might be the ideal location for your customers.

Promotions : The final part of your bank marketing plan is where you will document how you will drive potential customers to your location(s). The following are some promotional methods you might consider:

Advertise in local papers, radio stations and/or magazines
Reach out to websites
Distribute flyers
Engage in email marketing
Advertise on social media platforms
Improve the SEO (search engine optimization) on your website for targeted keywords

Operations Plan

While the earlier sections of your business plan explained your goals, your operations plan describes how you will meet them. Your operations plan should have two distinct sections as follows.

Everyday short-term processes include all of the tasks involved in running your bank, including reconciling accounts, customer service, accounting, etc.

Long-term goals are the milestones you hope to achieve. These could include the dates when you expect to sign up your Xth customer, or when you hope to reach $X in revenue. It could also be when you expect to expand your bank to a new city.

Management Team

To demonstrate your bank’s potential to succeed, a strong management team is essential. Highlight your key players’ backgrounds, emphasizing those skills and experiences that prove their ability to grow a company.

Ideally, you and/or your team members have direct experience in managing banks. If so, highlight this experience and expertise. But also highlight any experience that you think will help your business succeed.

If your team is lacking, consider assembling an advisory board. An advisory board would include 2 to 8 individuals who would act as mentors to your business. They would help answer questions and provide strategic guidance. If needed, look for advisory board members with experience in managing a bank or successfully running a small financial advisory firm.

Financial Plan

Your financial plan should include your 5-year financial statement broken out both monthly or quarterly for the first year and then annually. Your financial statements include your income statement, balance sheet, and cash flow statements.

Income Statement

An income statement is more commonly called a Profit and Loss statement or P&L. It shows your revenue and then subtracts your costs to show whether you turned a profit or not.

In developing your income statement, you need to devise assumptions. For example, will you see 5 clients per day, and/or offer sign up bonuses? And will sales grow by 2% or 10% per year? As you can imagine, your choice of assumptions will greatly impact the financial forecasts for your business. As much as possible, conduct research to try to root your assumptions in reality.

Balance Sheets

Balance sheets show your assets and liabilities. While balance sheets can include much information, try to simplify them to the key items you need to know about. For instance, if you spend $50,000 on building out your bank, this will not give you immediate profits. Rather it is an asset that will hopefully help you generate profits for years to come. Likewise, if a lender writes you a check for $50,000, you don’t need to pay it back immediately. Rather, that is a liability you will pay back over time.

Cash Flow Statement

Your cash flow statement will help determine how much money you need to start or grow your business, and ensure you never run out of money. What most entrepreneurs and business owners don’t realize is that you can turn a profit but run out of money and go bankrupt.

When creating your Income Statement and Balance Sheets be sure to include several of the key costs needed in starting or growing a bank:

Cost of furniture and office supplies
Payroll or salaries paid to staff
Business insurance
Other start-up expenses (if you’re a new business) like legal expenses, permits, computer software, and equipment

Attach your full financial projections in the appendix of your plan along with any supporting documents that make your plan more compelling. For example, you might include your bank location lease or a list of accounts and loans you plan to offer.

Writing a business plan for your bank is a worthwhile endeavor. If you follow the template above, by the time you are done, you will truly be an expert. You will understand the bank industry, your competition, and your customers. You will develop a marketing strategy and will understand what it takes to launch and grow a successful bank.

Bank Business Plan Template FAQs

What is the easiest way to complete my bank business plan.

Growthink's Ultimate Business Plan Template allows you to quickly and easily write your bank business plan.

How Do You Start a Bank Business?

Starting a bank business is easy with these 14 steps:

Choose the Name for Your Bank Business
Create Your Bank Business Plan
Choose the Legal Structure for Your Bank Business
Secure Startup Funding for Your Bank Business (If Needed)
Secure a Location for Your Business
Register Your Bank Business with the IRS
Open a Business Bank Account
Get a Business Credit Card
Get the Required Business Licenses and Permits
Get Business Insurance for Your Bank Business
Buy or Lease the Right Bank Business Equipment
Develop Your Bank Business Marketing Materials
Purchase and Setup the Software Needed to Run Your Bank Business
Open for Business

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How to Write a Business Plan to Start a Bank

FEB.10, 2024

Bank Business Plan Checklist

A bank business plan is a document that describes the bank’s goals, strategies, operations, and financial projections. It communicates the bank’s vision and value proposition to potential investors, regulators, and stakeholders. A SBA business plan should be clear, concise, and realistic. It should also cover all the essential aspects of the bank’s business model.

Here is a checklist of the main sections that you should keep in mind while building a bank business plan:

Executive summary
Company description
Industry analysis
Competitive analysis
Service or product list
Marketing and sales plan
Operations plan
Management team
Funding request
Financial plan

Sample Business Plan for Bank

The following is a bank business plan template that operates in the USA. This bank business plan example is regarding ABC Bank, and it includes the following sections:

Executive Summary

ABC Bank is a new bank for California’s SMBs and individuals. We offer convenient banking services tailored to our customers’ needs and preferences. We have a large target market with over 500,000 SMBs spending billions on banking services annually. We have the licenses and approvals to operate our bank and raised $20 million in seed funding. We are looking for another $30 million in debt financing.

Our goal is to launch our bank by the end of 2024 and achieve the following objectives in the first five years of operation:

Acquire 100,000 customers and 10% market share
Generate $100 million in annual revenue and $20 million in net profit
Achieve a return on equity (ROE) of 15% and a return on assets (ROA) of 1.5%
Expand our network to 10 branches and 50 ATMs
Increase our brand awareness and customer loyalty

Our bank has great potential to succeed and grow in the banking industry. We invite you to read the rest of our microfinance business plan to learn about how to set up a business plan for the bank and how we will achieve our goals.

Industry Analysis

California has one of the biggest and most active banking industries in the US and the world. According to the Federal Deposit Insurance Corp , California has 128 financial institutions, with total assets exceeding $560 billion.

The California banking industry is regulated and supervised by various federal and state authorities. However, they also face several risks and challenges, such as:

High competition and consolidation
Increasing regulation and compliance
Rising customer demand for digital and mobile banking
Cyberattacks and data breaches
Environmental and social issues

The banking industry in California is highly competitive and fragmented. According to the FDIC, the top 10 banks and thrifts in California by total deposits as of June 30, 2023, were:

Customer Analysis

We serve SMBs who need local, easy, and cheap banking. We divide our customers into four segments by size, industry, location, and needs:

SMB Segment 1 – Tech SMBs in big cities of California. These are fast-growing, banking-intensive customers. They account for a fifth of our market share and a third of our revenue and are loyal and referable.

SMB Segment 2 – Entertainment SMBs in California’s entertainment hubs. These are high-profile, banking-heavy customers. They make up a sixth of our market and a fourth of our revenue and are loyal and influential.

SMB Segment 3 – Tourism SMBs in California’s tourist spots. These are seasonal, banking-dependent customers. They represent a quarter of our market and a fifth of our revenue and are loyal and satisfied.

SMB Segment 4 – Other SMBs in various regions of California. These are slow-growing, banking-light customers. They constitute two-fifths of our market and a quarter of our revenue and are loyal and stable.

Competitive Analysis

We compete with other banks and financial institutions that offer similar or substitute products and services to our target customers in our target market. We group our competitors into four categories based on their size and scope:

1. National Banks

Key Players – Bank of America, Wells Fargo, JPMorgan Chase, Citibank, U.S. Bank
Strengths – Large customer base, strong brand, extensive branch/ATM network, innovation, robust operations, solid financial performance
Weaknesses – High competition, regulatory costs, low customer satisfaction, high attrition
Strategies – Maintain dominance through customer acquisition/retention, revenue growth, efficiency

2. Regional Banks

Key Players – MUFG Union Bank, Bank of the West, First Republic Bank, Silicon Valley Bank, East West Bank
Strengths – Loyal customer base, brand recognition, convenient branch/ATM network, flexible operations
Weaknesses – Moderate competition, regulatory costs, customer attrition
Strategies – Grow market presence through customer acquisition/retention, revenue optimization, efficiency

3. Community Banks

Key Players – Mechanics Bank, Bank of Marin, Pacific Premier Bank, Tri Counties Bank, Luther Burbank Savings
Strengths – Small loyal customer base, reputation, convenient branches, ability to adapt
Weaknesses – Low innovation and technology adoption
Strategies – Maintain niche identity through customer loyalty, revenue optimization, efficiency

4. Online Banks

Key Players – Ally Bank, Capital One 360, Discover Bank, Chime Bank, Varo Bank
Strengths – Large growing customer base, strong brand, no branches, lean operations, high efficiency
Weaknesses – High competition, regulatory costs, low customer satisfaction and trust, high attrition
Strategies – Disrupt the industry by acquiring/retaining customers, optimizing revenue, improving efficiency

Market Research

Our market research shows that:

California has a large, competitive, growing banking market with 128 banks and $560 billion in assets.
Our target customers are the SMBs in California, which is 99.8% of the businesses and employ 7.2-7.4 million employees.
Our main competitors are national and regional banks in California that offer similar banking products and services.

We conclude that:

Based on the information provided in our loan officer business plan , there is a promising business opportunity for us to venture into and establish a presence in the banking market in California.
We should focus on the SMBs in California, as they have various unmet banking needs, preferences, behavior, and a high potential for growth and profitability.

Operations Plan

Our operational structure and processes form the basis of our operations plan, and they are as follows:

Location and Layout – We have a network of 10 branches and 50 ATMs across our target area in California. We strategically place our branches and ATMs in convenient and high-traffic locations.
Equipment and Technology – We use modern equipment and technology to provide our products and services. We have c omputers and software for banking functions; security systems to protect branches and ATMs; communication systems to communicate with customers and staff; i nventory and supplies to operate branches and ATMs.
Suppliers and Vendors – We work with reliable suppliers and vendors that provide our inventory and supplies like cash, cards, paper, etc. We have supplier management systems to evaluate performance.
Staff and Management – Our branches have staff like branch managers, customer service representatives, tellers, and ATM technicians with suitable qualifications and experience.
Policies and Procedures – We have policies for customer service, cash handling, card handling, and paper handling to ensure quality, minimize losses, and comply with regulations. We use various tools and systems to implement these policies.

Management Team

The following individuals make up our management team:

Earl Yao, CEO and Founder – Earl is responsible for establishing and guiding the bank’s vision, mission, strategy, and overall operations. He brings with him over 20 years of banking experience.
Paula Wells, CFO and Co-Founder – Paula oversees financial planning, reporting, analysis, compliance, and risk management.
Mark Hans, CTO – Mark leads our technology strategy, infrastructure, innovation, and digital transformation.
Emma Smith, CMO – Emma is responsible for designing and implementing our marketing strategy and campaigns.
David O’kane, COO – David manages the daily operations and processes of the bank ensuring our products and services meet the highest standards of quality and efficiency.

Financial Projections

Our assumptions and drivers form the basis of our financial projections, which are as follows:

Assumptions: We have made the following assumptions for our collection agency business plan :

Start with 10 branches, 50 ATMs in January 2024
Grow branches and ATMs 10% annually
10,000 customers per branch, 2,000 per ATM
5% average loan rate, 2% average deposit rate
80% average loan-to-deposit ratio
$10 average fee per customer monthly
$100,000 average operating expense per branch monthly
$10,000 average operating expense per ATM monthly
25% average tax rate

Our financial projections are as per our:

Projected Income Statement
Projected Cash Flow Statement
Projected Balance Sheet
Projected Financial Ratios and Indicators

Select the Legal Framework for Your Bank

Our legal structure and requirements form the basis of our legal framework, which are as follows:

Legal Structure and Entity – We have chosen to incorporate our bank as a limited liability company (LLC) under the laws of California.

Members – We have two members who own and control our bank: Earl Yao and Paula Wells, the founders and co-founders of our bank.

Manager – We have appointed Mark Hans as our manager who oversees our bank’s day-to-day operations and activities.

Name – We have registered our bank’s name as ABC Bank LLC with the California Secretary of State. We have also obtained a trademark registration for our name and logo.

Registered Agent – We have designated XYZ Registered Agent Services LLC as our registered agent authorized to receive and handle legal notices and documents on behalf of our bank.

Licenses and Approvals – We have obtained the necessary licenses and approvals to operate our bank in California, including:

Federal Deposit Insurance Corporation (FDIC) Insurance
Federal Reserve System Membership
California Department of Financial Protection and Innovation (DFPI) License
Business License
Employer Identification Number (EIN)
Zoning and Building Permits

Legal Documents and Agreements – We have prepared and signed the necessary legal documents and agreements to form and operate our bank, including:

Certificate of Formation
Operating Agreement
Membership Agreement
Loan Agreement
Card Agreement
Paper Agreement

Keys to Success

We analyze our market, customers, competitors, and industry to determine our keys to success. We have identified the following keys to success for our bank.

Customer Satisfaction

Customer satisfaction is vital for any business, especially a bank relying on loyalty and referrals. It is the degree customers are happy with our products, services, and interactions. It is influenced by:

Product and service quality – High-quality products and services that meet customer needs and preferences
Customer service quality – Friendly, professional, and helpful customer service across channels
Customer experience quality – Convenient, reliable, and secure customer access and transactions

We will measure satisfaction with surveys, feedback, mystery shopping, and net promoter scores. Our goal is a net promoter score of at least 8.

Operational Efficiency

Efficiency is key in a regulated, competitive environment. It is using resources and processes effectively to achieve goals and objectives. It is influenced by:

Resource optimization – Effective and efficient use and control of capital, staff, and technology
Process improvement – Streamlined, standardized processes measured for performance
Performance management – Managing financial, operational, customer, and stakeholder performance

We will measure efficiency with KPIs, metrics, dashboards, and operational efficiency ratios. Our goal is an operational efficiency ratio below 50%.

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Highly Efficient Service! I am incredibly happy with the outcome; Alex and his team are highly efficient professionals with a diverse bank of knowledge.

Are you looking to hire business plan writers to start a bank business plan? At OGSCapital, we can help you create a customized and high-quality bank development business plan to meet your goals and exceed your expectations.

We have a team of senior business plan experts with extensive experience and expertise in various industries and markets. We will conduct thorough market research, develop a unique value proposition, design a compelling financial model, and craft a persuasive pitch deck for your business plan. We will also offer you strategic advice, guidance, and access to a network of investors and other crucial contacts.

We are not just a business plan writing service. We are a partner and a mentor who will support you throughout your entrepreneurial journey. We will help you achieve your business goals with smart solutions and professional advice. Contact us today and let us help you turn your business idea into a reality.

Frequently Asked Questions

How do I start a small bank business?

To start a small bank business in the US, you need to raise enough capital, understand how to make a business plan for the bank, apply for a federal or state charter, register your bank for taxes, open a business bank account, set up accounting, get the necessary permits and licenses, get bank insurance, define your brand, create your website, and set up your phone system.

Are banks profitable businesses?

Yes, banks are profitable businesses in the US. They earn money through interest on loans and fees for other services. The commercial banking industry in the US has grown 5.6% per year on average between 2018 and 2023.

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How To Write a Business Plan for Bank in 9 Steps: Checklist

By henry sheykin, resources on bank.

Financial Model
Business Plan
Value Proposition
One-Page Business Plan

Welcome to our blog post on How To Write a Business Plan for a Bank in 9 Steps. In today's digital age, the banking industry is undergoing a significant transformation with the rise of online banking platforms. According to recent statistics, the global digital banking market is projected to reach $22.3 trillion by 2027, with a CAGR of 8.6% from 2020 to 2027. This exponential growth highlights the immense potential for entrepreneurs and aspiring bankers to establish their own digital banking platform.

When it comes to starting a digital banking platform, having a well-designed business plan is crucial for success. A comprehensive business plan not only serves as a roadmap, but also helps attract potential investors and secure necessary funding. In this article, we will guide you through the essential steps to create a compelling business plan that banks will find irresistible.

Step 1: Conduct market research and analysis

Step 2: Determine the target market and customer profile

Step 3: Identify and analyze potential competitors

Step 4: Perform a feasibility study

Step 5: Define the unique value proposition and competitive advantage

Step 6: Develop a comprehensive financial plan

Step 7: Establish strategic goals and objectives

Step 8: Define the organizational structure and management team

Step 9: Obtain necessary licenses and regulatory approvals

In the upcoming sections, we will delve into each step in detail, providing you with valuable insights and practical tips to successfully navigate the process of writing a business plan for a bank.

Building a digital banking platform that offers convenience, security, and financial literacy can revolutionize the banking industry. So, let's dive into the first step - conducting market research and analysis to lay the foundation for your business plan.

Conduct Market Research And Analysis

Conducting thorough market research and analysis is a crucial step in developing a successful business plan for a digital banking platform. This process allows you to gain a deep understanding of the market landscape, identify potential opportunities and challenges, and make informed decisions when it comes to your target market and customer profile.

Identify the size and growth potential of the market: Begin by gathering data on the size of the market you intend to enter. This will help you assess the growth potential and determine if it presents a viable opportunity for your digital banking platform.
Analyze your target market: Dive deeper into your target market by identifying demographic characteristics, such as age, income, and location. Understanding the needs and preferences of your target market is crucial in developing tailored financial products and services.
Assess market trends and competition: Stay updated on the latest market trends and innovations in the digital banking industry. Analyze your potential competitors to understand their strengths, weaknesses, and market positioning. This will help you identify gaps in the market and differentiate your platform.
Evaluate customer needs and pain points: Interview potential customers and conduct surveys to gather insights into their financial needs, challenges, and pain points. This information will be invaluable in designing solutions that address their specific requirements.

Tips for Conducting Market Research and Analysis:

Utilize both primary and secondary research methods to gather comprehensive market data.
Monitor industry reports, publications, and online resources to stay up-to-date with market trends.
Consider partnering with market research firms or consultants for a more in-depth analysis.
Engage with potential customers through focus groups or online communities to gather qualitative insights.
Regularly review and update your market research to adapt to evolving market dynamics.

By conducting thorough market research and analysis, you will be equipped with valuable information to guide your business decisions and develop a compelling business plan for your digital banking platform.

Determine The Target Market And Customer Profile

Identifying and understanding your target market is crucial for the success of your digital banking platform. It allows you to tailor your products, services, and marketing efforts to meet the specific needs and preferences of your customers. Here are the important steps to determine your target market and customer profile:

Conduct market research: Start by conducting thorough market research to gather insights and data about the demographics, psychographics, and behavior of potential customers. This will help you understand who your ideal customers are and what they are looking for in a digital banking platform.
Segmentation: Once you have collected the necessary information, segment your target market based on criteria such as age, income level, location, and financial goals. This will allow you to create targeted marketing campaigns and develop personalized offerings for each segment.
Identify customer needs: Analyze the pain points and challenges faced by your target market. Identify their financial goals and aspirations, and determine how your platform can address their needs effectively.
Competitor analysis: Evaluate your competitors' target markets and customer profiles to identify any gaps or opportunities in the market. Differentiate your platform by offering unique features or services that specifically cater to your target market's needs.

Tips for determining the target market and customer profile:

Use surveys, interviews, and focus groups to gather firsthand feedback from potential customers. This will give you valuable insights into their preferences, pain points, and expectations.
Stay updated with market trends and changes in customer behavior. Continuously monitor and analyze data to ensure your target market profile remains relevant and accurate.
Consider utilizing data analytics tools to gain a deeper understanding of your target market. This will help you make data-driven decisions and refine your marketing strategies based on customer preferences.
Regularly review and adapt your target market and customer profile as your platform grows and evolves. Customer needs and preferences may change over time, and it is crucial to stay agile and proactive in meeting those changes.

Identify And Analyze Potential Competitors

Identifying and analyzing potential competitors is a crucial step in creating a business plan for a bank. This step helps you assess the competitive landscape and understand the strengths and weaknesses of other players in the market. Here are some key considerations:

Research: Conduct thorough research to identify existing banks and financial institutions offering similar services. Look for both traditional brick-and-mortar banks as well as digital banking platforms.
Online Presence: Explore their online presence and evaluate their digital banking capabilities. Look for features, functionalities, and user experience that differentiate them.
Competitive Advantages: Identify the unique selling propositions (USPs) of your competitors. Determine what sets them apart from others in terms of product offerings, customer service, technology, or any other factors.
Customer Reviews: Analyze customer reviews and feedback on various platforms to gain insights into customer satisfaction and grievances. This will help you identify areas where your competitors excel or fall short.
Market Share: Determine the market share and customer base of each competitor. This will give you an idea of the scale and reach you need to target.
Financial Performance: Analyze the financial performance of your competitors by studying their annual reports, financial statements, and any available data. This will help you understand their growth trajectory and potential vulnerabilities.
Look beyond direct competitors and consider indirect ones, such as fintech start-ups or alternative financial service providers.
Keep an eye on emerging trends and innovations in the banking industry to stay ahead of your competitors.
Consider conducting a SWOT (Strengths, Weaknesses, Opportunities, and Threats) analysis for each major competitor to gain a deeper understanding of their positioning.

Identifying and analyzing potential competitors is not only about understanding the competition but also about finding opportunities to differentiate your digital banking platform. By studying your competitors, you can identify gaps in the market and develop strategies that align with your unique value proposition.

Perform A Feasibility Study

A feasibility study is a crucial step in the business planning process. It involves conducting a comprehensive analysis to determine the viability of your digital banking platform. This study will help you assess the potential risks and benefits associated with your business idea and make informed decisions.

During the feasibility study, you should analyze various aspects of your business idea, including the market demand, competition, technological requirements, financial projections, and regulatory landscape. Here are the key steps to perform a feasibility study:

Conduct thorough market research to understand the current demand for digital banking services and identify any gaps in the market.
Evaluate the potential size of your target market and identify your ideal customer profile to tailor your offerings effectively.
Assess the competitive landscape by analyzing existing digital banking platforms, their features, pricing strategies, and customer base.
Consider the technological requirements for establishing and maintaining your online banking platform. Ensure that you have access to reliable and secure infrastructure.
Develop financial projections and assess the profitability and sustainability of your business model. Consider factors such as revenue streams, operating expenses, and potential return on investment.
Study the regulatory environment and identify the licenses and approvals required to operate a digital banking platform in your target market.
Engage with industry experts and seek their advice during the feasibility study to gain valuable insights.
Consider conducting surveys or focus groups to gather feedback from potential customers and validate your assumptions.
Regularly review and update your feasibility study as market conditions and industry trends evolve.

By conducting a thorough feasibility study, you will gain a deeper understanding of the viability and potential of your digital banking platform. This study will serve as a foundation for making informed decisions throughout the business planning process.

Define The Unique Value Proposition And Competitive Advantage

Defining the unique value proposition and competitive advantage of your digital banking platform is crucial in order to differentiate yourself from other financial institutions and attract customers. Your value proposition is the core promise you make to customers about the benefits they will receive by using your platform. Your competitive advantage is what sets you apart from competitors and gives you an edge in the market.

Identify Your Unique Selling Points: Determine what makes your platform unique and why customers should choose it over others. Consider features such as advanced security measures, user-friendly interface, personalized financial advice, or innovative banking solutions. These selling points will help you stand out and provide value that your competitors might not offer.
Prioritize Customer Needs: Understand your target market's pain points and financial needs. Tailor your offerings and services to address these specific needs. Whether it is offering low-interest rates on loans, providing competitive investment options, or simplifying the account opening process, make sure your value proposition directly addresses the challenges your customers face.
Analyze Competitors: Study your competitors' value propositions and competitive advantages. Identify the gaps and areas where you can excel. Look for opportunities to offer a better customer experience, more innovative products, or superior customer service. This analysis will allow you to position your platform as a market leader and attract customers seeking a better banking experience.

Tips for Defining Your Value Proposition and Competitive Advantage:

Emphasize the convenience and accessibility of your digital banking platform.
Showcase your commitment to security and privacy.
Highlight any partnerships or collaborations that add value to your platform.
Demonstrate your expertise in financial education and advisory services.
Offer unique features such as budgeting tools, financial planning, or rewards programs.

By clearly defining your unique value proposition and competitive advantage, you can effectively market your digital banking platform to potential customers and secure their trust and loyalty. Remember, your value proposition should clearly communicate the benefits customers will gain by choosing your platform and should differentiate you from competitors. Building a strong value proposition will be instrumental in the success of your business plan.

Develop A Comprehensive Financial Plan

Developing a comprehensive financial plan is a crucial step in creating a business plan for a bank. This plan outlines the projected financial performance of your digital banking platform and demonstrates to potential investors and lenders that your business is financially viable.

When developing your financial plan, consider the following:

Revenue projections: Estimate the revenue your digital banking platform is expected to generate. This can include income from various sources such as transaction fees, interest on loans, and commissions from financial products.
Expense projections: Forecast the expenses associated with running your platform, including personnel costs, technology infrastructure, marketing expenses, and regulatory compliance costs.
Capital requirements: Calculate the amount of capital needed to start and operate your digital banking platform. This includes upfront costs such as software development, marketing campaigns, and initial infrastructure investments.
Profitability analysis: Assess the profitability of your platform by calculating the net income and profit margin. This analysis helps determine the financial feasibility and sustainability of your business.
Cash flow projections: Forecast the cash flow of your digital banking platform, including the inflows from revenue and investment, as well as the outflows from expenses and loan repayments.
Funding sources: Identify potential funding sources for your platform, such as bank loans, venture capital investments, or crowdfunding campaigns.
Research industry benchmarks and financial ratios to ensure your projections are realistic and market-aligned.
Consider the potential impact of external factors such as economic conditions, regulatory changes, and customer behavior on your financial plan.
Regularly review and update your financial plan to reflect any changes in your business or market conditions.

By developing a comprehensive financial plan, you can demonstrate to banks and investors that your digital banking platform has a clear pathway to profitability and long-term success.

Establish Strategic Goals And Objectives

Establishing strategic goals and objectives is a crucial step in writing a business plan for a bank. These goals and objectives will serve as a roadmap for your digital banking platform, guiding all your actions and decisions towards a defined direction. It is important to clearly define and articulate these goals and objectives to ensure that everyone in the organization is aligned and working towards a common vision.

When establishing strategic goals and objectives, consider the long-term vision of your digital banking platform . What do you envision your platform to become in the next five or ten years? How do you see it evolving and growing? Define these aspirations into specific goals that are achievable and measurable.

Additionally, it is important to set objectives that are SMART - Specific, Measurable, Achievable, Relevant, and Time-bound. This means that each objective should be clearly defined, quantifiable, realistic, relevant to your business, and have a deadline for completion.

Here are some tips to consider when establishing strategic goals and objectives for your digital banking platform:

Take into account market trends and customer demands when defining goals and objectives.
Align your goals and objectives with your unique value proposition and competitive advantage.
Consider both financial and non-financial objectives, such as customer satisfaction and innovation.
Involve key stakeholders in the goal-setting process to ensure buy-in and commitment.
Regularly review and update your goals and objectives to adapt to changes in the market and industry.

By establishing clear strategic goals and objectives, you are providing a direction for your digital banking platform to strive towards. These goals will serve as a compass, guiding your decisions and actions as you work towards success in the competitive banking industry.

Define The Organizational Structure And Management Team

Defining the organizational structure and management team is a crucial step in writing a business plan for a bank. This section outlines the key individuals who will be responsible for managing the operations and achieving the strategic goals of the digital banking platform.

To begin, it is important to clearly outline the various departments and positions within the organization. This includes roles such as CEO, CFO, CTO, and COO, as well as departments like finance, technology, operations, and customer service. Clearly defining these roles and responsibilities helps establish a clear chain of command and ensures that all areas of the business are properly managed.

Consider including an organizational chart to visually depict the structure of the organization.
Provide a brief description of each key management team member's background, skills, and experience.
Highlight any unique qualities or expertise that these individuals bring to the table that make them a valuable asset to the organization.
Consider including any advisory boards or external consultants that will be involved in decision-making processes.

Furthermore, it is essential to emphasize the qualifications and experience of each member of the management team. This includes their educational background, professional accomplishments, and relevant industry experience. Demonstrating that the team possesses the necessary skills and expertise significantly strengthens the credibility of the business plan and instills confidence in potential investors or lenders.

Lastly, it is important to consider and outline any plans for future expansion or growth. As the digital banking platform evolves, so too may the organizational structure and management team. Clearly articulate the expected growth trajectory and how the team will adapt to the changing needs of the business.

By properly defining the organizational structure and management team, the business plan for a digital banking platform becomes a comprehensive document that demonstrates a solid foundation for success. This section showcases the individuals driving the business forward, while also addressing how the organization will adapt and grow over time.

Obtain Necessary Licenses And Regulatory Approvals

Obtaining the necessary licenses and regulatory approvals is a crucial step in establishing a digital banking platform. Compliance with legal and regulatory requirements ensures that your business operates within the boundaries set by governing authorities. Here are the key steps to take when seeking licenses and approvals:

Research Licensing Requirements: Begin by researching the specific licenses and permits required for operating a digital banking platform in your jurisdiction. Different countries and regions may have varying regulations, so it is essential to be well-informed. Consult with legal experts or industry professionals to navigate the complexities of licensing.
Submit Applications: Once you have identified the licenses and permits needed for your digital banking platform, prepare and submit the required applications. Be sure to provide accurate and comprehensive information, as any discrepancies or oversights could lead to delays or rejection of your application.
Engage with Regulatory Authorities: Throughout the licensing process, it is important to maintain open lines of communication with the relevant regulatory authorities. Address any queries or requests for additional information promptly and transparently. This will help in establishing a positive relationship with the authorities and expediting the approval process.
Comply with Regulatory Requirements: As you progress towards obtaining licenses and approvals, ensure that your business fully complies with all relevant regulatory requirements. This may include maintaining appropriate capital adequacy ratios, implementing robust anti-money laundering measures, and adhering to data protection and privacy laws.
Seek Legal Counsel: Working with experienced legal counsel specializing in financial regulations can prove invaluable during this process. They can offer guidance, review your compliance efforts, and help navigate any legal complexities that may arise.
Stay Updated: Regulatory frameworks and requirements are subject to change, so it is crucial to stay informed about any updates or amendments. Continuously monitor regulatory developments to ensure that your digital banking platform remains compliant.
Start the licensing process early: Obtaining licenses and regulatory approvals can be a time-consuming process. Starting early allows for any unexpected delays and ensures you meet your desired launch timeline.
Be thorough and accurate: Pay meticulous attention to detail when completing license applications. Provide all necessary documentation and information to avoid unnecessary delays or complications.
Engage with industry associations: Connecting with industry associations or peer networks can provide you with valuable insights into navigating the licensing process. Networking with experienced professionals can help you anticipate challenges and streamline the approval process.
Maintain ongoing compliance: Obtaining licenses and regulatory approvals is just the first step. Develop robust compliance procedures and internal controls to ensure ongoing adherence to regulatory requirements. Regularly review and update your compliance practices as regulations evolve.

In conclusion, writing a business plan for a bank requires careful research, analysis, and strategic thinking. By following the nine steps outlined in this checklist, you can create a comprehensive and compelling plan that demonstrates the viability of your digital banking platform. From conducting market research to obtaining necessary licenses, each step is crucial in building a strong foundation for your business. Remember to highlight your unique value proposition and competitive advantage, develop a comprehensive financial plan, establish strategic goals, and define your organizational structure. With a well-crafted business plan, you can confidently approach banks and secure the funding needed to bring your digital banking platform to life.

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HOW TO WRITE A BANK BUSINESS PLAN: Simple Steps & All You Need (+ Template)

by Kenechukwu Muoghalu
August 13, 2023
No comments
6 minute read

Table of Contents Hide

What is a bank business plan, why do i need a bank business plan, #1. executive summary, #2. company overview, #3. customer analysis, #4. competitive analysis, #5. marketing plan, #6. operations plan, #7. management team, #8. financial plan, #9. appendix, bank business plan template, would you want to finish your bank’s business plan as quickly as possible, what is the easiest way to complete my bank business plan, how do banks make money, can an individual own a bank.

Opening a new bank is a cool investment that requires a stipulated level of attention and responsibilities for growth to take place. However, how can you start up a financial facility without a business plan? How do you intend to nurture the goals and growth of your bank business? Every investment needs a business plan and that is why this article has every little detail on what you need to know about this plan. You will also have access to a free template checklist and basic steps on how to write a bank business plan.

We also have a ready-made bank business plan for your comfort, just in case you wish to skip all procedures and get hold of your plan today.

A bank business plan is a document that provides a snapshot of your bank and lays out its future growth plan. Not just that, it also explains your business goals and gives strategies that can help you attain them. It is more like a road map for success, and without the road map, you cannot get to your desired destination.

It is also important to note that only a well-detailed and articulated bank business plan can achieve its potential purposes. Your bank’s business plan should also be updated annually to accommodate new changes in your business.

The essence of a bank business plan can vary from one business owner to another. One can start up a business plan to attract investors or lenders to aid them in raising funds because, like other businesses, the banking industry also requires capital investment on a large scale to start its operations.

Most of the time, you will need a bank business plan to map out the goals and growth of your bank and excessively improve your chances of success. You can also need a bank business plan for a combination of both reasons. A banking industry business plan plays an important role in the initiation and expansion of banks. Moreover, a business plan for banks is also required by the financial institutions.

To write a winning bank business plan, you need to understand some basic steps on how to construct a comprehensive and well-detailed plan. Writing a plan comes with some procedures, and you can only yield results in your company when these procedures are followed. Let’s analyze what these procedures entail.

Simple Steps on How to Write a Bank Business Plan

The executive summary of your bank’s business plan should be an introduction to your business. It is usually the first to appear on the plan but the last to write. This is because you will need some information from other sections. This section should be interesting to your readers. Don’t fail to explain the kind of bank you run, which can be either a startup or a chain of banks.

Also one of the steps in how to write this section of your bank business plan is to include an overview of your competitors and your financial plan.

There are different types of banks that one can invest in, and in your company overview, you will need to detail the type of bank you are operating.

Commercial Bank

A commercial bank is built to support both large corporations and small businesses. They can open a savings account, and lend money or trust funds to companies in foreign markets.

Retail Bank

Retail banks are normally traditional banks that customers can access online or in person. They also offer loans and insurance.

Investment Bank

This bank normally trades in stocks that are mostly between companies and investors. They can offer advice to individuals and corporations who need financial guidance.

Credit Union

Credit unions are basically like traditional banks, but they are different because they’re not profit-oriented. Regardless, they perform basic operations like loans and providing savings accounts.

When you indicate the type of bank that suits you, then you will proceed to give a brief introduction of your company. Tell your readers why you started this business and the things you have achieved.

This is where you include the details of the customers you will be offering your services to. Your customers might be individuals, small businesses, families, or big corporations. It is important to note that each customer will be following the type of bank you run. You will also need to research your customers and try to meet your target audience.

This is where you need to mention your competitors which can be either direct or indirect. Direct competitors are other banks, and indirect competitors are other options that your potential customers can purchase from. It can be trust accounts, investment companies, or even the stock market. They are not directly competing with your products.

You will need to list those competitors and give a brief description of their weaknesses and strengths. Then at the end of this section, you can provide how the services you offer are unique from your competitors.

As a financial facility, your marketing strategy should include your products, price, place, and promotions. In the product section, just talk about the type of bank you run, and state the prices of the products you offer as well. The place should be the location of your bank and how that site will impact your success. The promotion is meant to explain how you will attract potential customers to your company, which can be either an advertisement, websites, flyers, or social media platforms.

The operation plan should explain how you intend to meet the goals of your business. It should cover both the short-term and long-term processes. You should include how you intend to reshape your company within that time frame.

Just like the name implies, this section should be all about your strong management team. Highlight your key players by including their backgrounds, skills, and experiences that prove that they are capable enough to grow a company. It is a bonus if your management team has had direct experience in managing banks. If your team is lacking, you can consider assembling an advisory board.

A financial plan should include your 5-year financial statement. It should also cover your income statement, balance sheet, and cash flow statements. An income statement should contain your profit and loss statement. A balance sheet will cover your assets and liabilities, while a cash flow statement will determine how much money you need to start and grow your business to avoid going bankrupt.

In the appendix section, you can include any information that can make your bank business plan more compelling. You can attach your financial projections to a list of loans you plan to give.

Having learned how to effectively write a bank business plan, you will also need to practice the use of a template. A bank business plan template is essential when starting a bank business. It is with this template checklist that you will understand the full processes that are involved with starting a bank business. So, before you proceed with your investment, you need to keep these steps in check.

Know the business
Write a business plan
Raise Capital
Choose a business name
Get a license
Attract customers

Don’t you wish there was an easier way to finish your bank’s business plan? Understandably, creating a business plan can be overwhelming, but there is a way around it. At BusinessYield Consult, we specialize in creating business plans for entrepreneurs like you.

That is why we have composed a unique, ready-made bank business plan for your comfort. Now you won’t have to spend hours trying to get over a section of your business plan.

All you need to do is to grab a copy of your bank business plan now!

A business plan is essential in every company, whether a big or small business. It tends to bring some changes into every business and also helps you manage that business effectively. Although sometimes creating one for yourself might be a bit daunting, when you follow the steps above, you can come up with a successful bank business plan that will boost the growth of your company.

If you need an easier way to complete your business plan without having to go through the long process of writing one yourself, then you can try our ready-made bank business plan .

Banks mainly make money by borrowing money from depositors and then compensating them with an interest rate. Then that same bank will lend the money to borrowers and charge them a high-interest rate. It is from that profit that their profit comes.

Yes. There is a possibility of individual ownership but most times individuals commonly buy shares of bank stock which can be directly from the bank or fund managers.

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Kenechukwu Muoghalu

Kenny, an accomplished business writer with a decade of experience, excels in translating intricate industry insights into engaging articles. Her passion revolves around distilling the latest trends, offering actionable advice, and nurturing a comprehensive understanding of the business landscape. With a proven track record of delivering insightful content, Kenny is dedicated to empowering her readers with the knowledge needed to thrive in the dynamic and ever-evolving world of business.

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Writing a Bank Business Plan

Written By Dave Lavinsky

When it comes to seeking funding from a bank or other financial institution, one of the most important things you can do is have a well-written business plan . This document will not only give potential lenders and investors an idea of your company’s current position and future goals but will also provide them with a clear understanding of the risks involved in lending you money or investing in your business.

What is a Business Plan?

A business plan is a document that provides a detailed description of a business, its products or services, its market, and its financial projections. It is used to secure funding from lenders or investors and to provide guidance for the business’s future operations.

Why Write a Business Plan

There are several reasons why you might want to write a plan for your business, even if you’re not looking for funding, they are:

To clarify your company’s purpose and direction
To better understand your industry and customers
To develop a realistic financial plan and accurate projections
To identify potential risks and opportunities
To track your company’s progress over time

An effective and well-written plan is helpful for potential investors and clarifies the plans you have for any future business partners.

Sources of Business Funding for Banks

There are many sources of business funding available to banks, including:

Equity financing: This is when you sell a portion of your business to investors in exchange for capital. This can be a good option if you need a large amount of money quickly, as it doesn’t require you to pay back the funds over time.
Debt financing: This is when you borrow money from a lender, such as a bank, in exchange for repayment plus interest. This type of financing can be helpful if you need to keep your cash flow low in the early stages of your business.
Grants: There are several different government and private grants available to businesses, which can often be used for start-up costs or expansion.
Venture capital: This is when you receive funding from a venture capitalist in exchange for a portion of your company’s equity. Venture capitalists typically invest their own personal savings in high-growth businesses with a lot of potential.

Resources to Write a Bank Business Plan

To write a bank business plan, you’ll need access to a variety of resources, including:

Sample Plans for Your Business

A good place to start is by looking at some sample plans for businesses in your industry. This will give you a good idea of the types of information to include in your own plan.

Business planning software

There are a number of software programs that can help you create professional-looking plans for your business.

Market Research

When writing a business plan for a bank, it’s important to include a section on your company’s market research. This will include detailed information about your industry, your market, and your competition.

Industry Analysis

In order to accurately describe your industry and the market for your products or services, you’ll need to conduct an industry analysis. This should include information about the size and growth of the industry, the key players in the industry, and any major trends or changes that are taking place.

Target Market Analysis

To effectively market your products or services, you need to understand who your target market is. This should include information about the demographics of your target customers (age, gender, income, etc.), psychographics (lifestyle preferences, interests, etc.), and geographic (location, region).

Competition Analysis

In order to differentiate your business from the competition, you’ll need to know what they’re offering and how they’re positioning themselves in the market. This should include a SWOT analysis (strengths, weaknesses, opportunities, threats) of your competitors.

Customer Segments

A customer segment is a group of customers who share common characteristics, such as age, income, location, or lifestyle preferences. When creating business plans for a bank, it’s important to identify and target your key customer segments. This will help you focus your marketing efforts and create products and services that appeal to your target market.

There are a variety of ways to segment customers, including:

Demographics: Age, gender, income, location, etc.
Psychographics: Lifestyle preferences, interests, etc.
Behavior: How they interact with your brand, what channels they use to purchase products or services, etc.
Usage: How often they purchase your product or service, how much they spend, etc.
Value: How much they’re willing to pay for your product or service, how much they value customer service, etc.

Once you’ve identified your customers, you can create buyer personas. These are fictional characters that represent your ideal customer within each segment. Creating buyer personas will help you better understand your target market and create more effective marketing campaigns.

Financial templates

If you’re not familiar with financial terminology or calculations, use a financial template to help you develop your business’s financial projections as well as including an income statement and balance sheets.

Accounting and Legal Advice

It’s important to seek out accounting and legal advice from professionals who can help ensure that your business plan is accurate and complete.

Bank Business Plan Template

While there is no one-size-fits-all template for writing a business plan, there are some key elements that should be included. Here is a brief overview of what should be included:

Executive Summary

This is a high-level overview of your company, its products or services, and its financial situation. Be sure to include information on your target market, your competitive advantage, and your plans for growth.

Company Description

This section provides more detail on your company, including its history, structure, and management team. Be sure to include information on your company’s mission and vision, as well as its values and goals.

Products and Services

Here you will describe your company’s products or services in detail, including information on your target market and your competitive advantage.

Market Analysis

In this section, you will provide an overview of your market, including demographic information and information on current and future trends. This is also a good section to add the marketing plan you have developed to appeal to potential customers.

Sales and Marketing

This section will detail your sales and marketing strategy, including information on your pricing, your distribution channels, and your promotion plans.

Financial projections

This is perhaps the most important section of your business plan, as it will provide lenders and investors with an idea of your company’s financial health. Be sure to include detailed information on your past financial performance, as well as your projections for future revenue and expenses. This is also a good section to include your cash flow statements, income statements, and information about any bank accounts opened for your business.

This is where you will include any supporting documents, such as your financial statements, marketing materials, or product data sheets.

While this is not an exhaustive list of everything that should be included in your bank business plan, it covers the most important elements. By taking the time to write a well-thought-out and detailed business plan, you will increase your chances of securing the funding you need to grow your business.

Opening a bank is a detailed and complex process, but it can be enormously rewarding both professionally and financially. The best way to increase your chances of success is to write a business plan that outlines all aspects of opening and running a bank. This document should include market analysis, organizational structure, financial projections, and more. Our team has extensive experience helping entrepreneurs open banks. We have created a comprehensive business plan template that covers all the key points you need to consider when writing your own business plan. By following our template, you can be sure that you haven’t missed any essential elements in your planning process. Investing in professional help when writing your business plan gives you the best chance for success when opening a new bank.

Bank Business Plan Template FAQs

Do i need to use a business plan template.

There is no one-size-fits-all answer to this question. If you are seeking funding from a lender or investor, they may have specific requirements for the format and content of your business plan. In other cases, using a template can be helpful in ensuring that you include all of the important information in your plan.

Where can I find a business plan template?

There are a number of resources that offer business plan templates, including the Small Business Administration (SBA) and the U.S. Chamber of Commerce. Additionally, many software programs that offer business planning tools also include templates.

How long should my business plan be?

Again, there is no one-size-fits-all answer to this question. The length of your business plan will depend on the complexity of your business and the amount of detail you need to include. In general, however, most business plans range from 20 to 50 pages.

Do I need to hire a professional to help me write my business plan?

While you are not required to hire a professional to write your business plan, it may be helpful to do so. A professional can help you ensure that your plan is well-written and free of errors. Additionally, they can offer advice on how to best structure your plan and make it more likely to succeed.

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Bank Business Plan [Sample Template]

By: Author Tony Martins Ajaero

Home » Business ideas » Financial Service Industry » Bank

Are you about starting a bank? If YES, here is a complete sample commercial bank business plan template & feasibility report you can use for FREE .

Okay, so we have considered all the requirements for starting a bank . We also took it further by analyzing and drafting a sample bank business marketing plan template backed up by actionable guerrilla marketing ideas for banks. So let’s proceed to the business planning section.

Why Start a Bank?

Starting your own bank is a huge step and needs a good deal of planning and preparation. Extensive information about the founders, the business plan, senior management team, finances, capital adequacy, risk management infrastructure, and other relevant factors must be provided to the appropriate authorities.

There are also a number of legal regulations and requirements that must be fulfilled in order to start your own bank. Some of these requirements are dependent upon the regulations in the niche you wish to establish your bank.

As hard as the task of starting a bank can be, anyone who wishes to start their own bank is able to enjoy the many benefits of making a major investment. Although the process of registering and setting up a bank involves lengthy planning and a relatively complex licensing procedure, once it is completed, the owner is able to conduct financial activity in their chosen niche.

Note that the very first step when starting your bank is to choose the niche and type of activity which you wish to engage in. Before you obtain the necessary licensing from the financial regulatory body, it is very crucial you identify whether you wish to specialize in investment banking or trade finance.

The advantages of owning your own bank are huge and include the potential to make large profits during a short period.

Note that if you know your target market and your target market’s specific requirements, you will be in a better position to provide a range of attractive services. To successfully start and run this business, it is advised you seek the help of a professional consultancy firm.

Through the advice and guidance of expert consultants, you will be able to establish a banking institution in a professional manner. Also have it in mind that any proposed bank must first receive the approval of a federal or state banking charter.

Before granting a charter, the chartering regulator must determine that the applicant bank has a reasonable chance for success and will operate in a safe and sound manner.

Then, the proposed bank must obtain approval for deposit insurance from the Federal Deposit Insurance Corporation. Additional approvals are required from the Federal Reserve if, at formation, a holding company would control the new bank or a state-chartered bank would become a member of the Federal Reserve.

A Sample Bank Business Plan Template

1. industry overview.

According to global banking industry reports, part of the broad financial services market, bank credit remain the leading market segment, with around 60% of the overall market in terms of value. Statistics has shown that the EU is the largest regional market, with over 57% of the global market.

Note that the economic recession that began in 2008 affected the industry and resulted in the crash of several financial institutions, which in turn led to the examination of practices and deployment of new guidelines in the banking industry.

But reports have it that the sector is beginning to rebound, and cross-border investment is one area contributing to recovery, with a few big banks dominating certain national markets. Advantages of cross-border practices include economies of scale, though institutions must compete with established domestic banks.

It’s very important to state that in the world retail banking and bank lending sectors, mortgage lending represents the leading market segment, accounting for almost 76% of the overall market in terms of value. Other key segments of the banking industry include private banking and payments business.

Note that in the US banking sector, experts believe that market growth will be driven by cross-border expansion due to the breaking down of obstacles to cross-border investment.

Competition between international banks is also expected to aid market growth along with the introduction of new products, reduction of costs and launching of new services. Report also has it that mobile and internet banking are becoming increasingly intertwined, especially due to the advent and success of smartphones. This provides consumers with convenient access to internet banking.

Have it in mind that the global mobile internet market will continue to drive the expansion of the mobile banking services sector. Report has shown that banking institutions are responding by launching downloadable applications and encouraging consumers to bank online and through mobile devices by rolling out mobile and internet banking services.

2. Executive Summary

Apex Investment Bank, LLC (AIB LLC) is a Portland Oregon based investment bank that will provide investment packages, underwriting, proprietary trading, and investment management for its investors. Our objective at AIB LLC is to create value for owners, employees, and investors through the establishment of an investment bank designed for the Third Generation.

This Generation is explicitly defined in the ground breaking research effort by Lincoln Swan & Co., Inc. and Netley Strategic business Group as a stage in the investment industry requiring a special set of skills for success. We at AIB LLC have leveraged this study, with more other studies, and perhaps most importantly, our own experience in the industry, to define a plan for the success of our clients.

Portland’s location is beneficial for several industries. Relatively low energy cost, accessible resources, north–south and east–west Interstates, international air terminals, large marine shipping facilities, and both west coast intercontinental railroads are all economic advantages.

AIB LLC will be structured as a Limited Liability Company with excellent plans to make use of industry research performed by one of our founding entrepreneurs, Solomon Drane during his professional career in investment management research.

Within the past three years, Solomon Drane has conducted research visits at the investment offices of over 80 companies. He has also held countless meetings with key investment professionals from around the globe either in person or via telephone conference.

We at AIB LLC plan to offer our clients the opportunity to assume minority ownership positions in exchange for contributions to our operating capital and for providing seed assets to establish the investment products described herein.

It is very important to state that this document alone does not create an offer of any type, nor does it give any guarantee, financial, or otherwise. This is a well detailed business plan designed to strategically dictate AIB LLC plans and visions for the next five years. It is open to correction or improvement within or after the specified time.

3. Our Products and Services

We at AIB LLC will provide investment packages and underwrite securities for sale to private investors and the general public among companies that are seeking to raise capital. At the onset of operations, we at AIB LLC will solely seek to sell debt instruments on behalf of our customers.

The standard fee for this service is 8% of the total underwritten instrument. We at AIB LLC will also solicit capital from accredited investors with the purpose of making use of this capital to make investment marketable securities. Our goal is to generate compounded annual returns of 30% to 35% per year on capital invested into our Bank’s portfolio holdings. We also plan to make sure that our management retains a 25% ownership interest at AIB LLC.

4. Our Mission and Vision Statement

Our vision at AIB LLC is to develop into a large scale investment bank that will provide underwriting income, advisory income, dividend income, capital appreciation, and interest income to investors.
Our mission at AIB LLC is to ensure that investment decisions are implemented quickly and efficiently across all portfolios, to also make sure a trading research and rotation is used to avoid any type of systematic advantage or disadvantage an account may experience.

Our Business Structure

We at AIB LLC understand that the strength of our management team and board of directors is perhaps the most important factor in starting a bank and effectively providing for its future success. We also found out through our detailed research that for a new bank charter to be approved for us, all our senior management team must be experienced bankers with a history of relevant success.

The more reason we made sure our board of directors are made up of individuals with successful careers in business, banking, and other fields, and have representation in the necessary disciplines.

We also understand the role of the board and management as investors and how important they are. Regulators and other investors will look to the investment of these directors and senior officers as an important sign of their commitment to the bank.

We also understand that the typical investment bank is operated on a rigid, strict hierarchy, than most corporate or financial institutions. We have taken our time to analyse our market and what we need that is why we have decided to start with the listed workforce.

Managing director

Senior vice president

Vice president

Investment Banking Associate

Investment Banking Analyst

Marketing manager
Security man

5. Job Roles and Responsibilities

Broaden and/or enhance the bank’s industry coverage,
Will partner with the firm’s leadership to grow and build the bank
Will tirelessly work to deliver superior results to the firms’ clients
Participate as a key member of the senior leadership team, contributing to the strategy, growth and success of the firm
Lead efforts on sell-side and buy-side acquisition assignments, refinancing, recapitalization and restructuring assignments
Interact seamlessly with prospects, clients, acquirors, investors and attorneys on all aspects of a M&A deal and/or capital raise
Direct a team of junior bankers to support all elements of deal sourcing and execution.

Senior Vice president

Involved in executing and managing equity offerings that will include the drafting and structuring of material, logistics management, issue identification, its analysis and the resolution.
Responsible for mergers and acquisitions and manages the creation of buyers list, their contacts, drafting the relevant material, financial analysis and private equity placement.
Researches and identify deal opportunities by formulating and issuing factual financial analyses and creating different kinds of financial plans.
Involved in pitching or selling the organization’s products and services to new clients and may be involved in other projects as well.
May participate in due diligence meetings with non-proprietary or proprietary investment managers and create relevant call reports that include their opinions.
May be involved in analyzing the investment products and screening them by making effective use of a variety of investment data and the relevant software applications
Monitors the investment products and their performance.
Analyses the relevant statistics to evaluate the appropriateness of the product.
Manages relationships with the investment management organizations and regularly gets him/her updated by getting valuable information from them.
Attends industry conferences and training sessions so as to present innovative ideas to clients
Responsible for providing leadership and overseeing the work of the subordinate members.
Call on prospective clients such as privately held business owners, publicly traded companies and private equity firms.
Conceptualize, organize and deliver new business presentations.
Lead transaction implementation across industry groups.
Manage, educate and develop banking analysts and associates.
Develop marketing and new business presentations.
Monitor financial analysis and modeling.
Perform and analyze industry research.
Create client presentations, proposals, engagement letters term sheets, legal agreements and offer memorandums.
Create and foster client relationships.
Managing and assisting in the preparation of financial models and business valuations
Creating client marketing presentations
Attending client meetings
Conducting industry and company-specific due diligence related to transactions
Drafting memoranda for sale assignments
Assisting in the preparation of fairness opinions
Attending drafting sessions for equity offerings
Creating marketing materials for our equity sales organization
Assisting in the development and continued cultivation of client relationships
Developing an understanding of the underlying trends that affect equity capital markets.
Development of various types of financial models to value debt and equity for mergers, acquisitions, and capital raising transactions.
Perform various valuation methods: comparable companies, precedents, and DCF.
Develop recommendations for product offerings, private equity transactions, mergers and acquisitions, and valuations.
Conduct preparation and review of materials used in the financing of clients, including investment memoranda, management presentations and pitchbooks.
Develop relationships with new and existing clients in order to expand the business.
Perform due diligence, research, analysis, and documentation of live transactions.
Create presentations for client portfolios.

Sales and Marketing director

In charge of organizing external research and coordinating all the internal sources of information to retain the organizations’ best customers and attract new ones
Expected to understand, prioritizes, and reaches out to new partners, and business opportunities et al
Tasked with understanding development opportunities; follows up on development leads and contacts
It’s the job of the director to supervise implementation, advocate for the customer’s needs, and communicate with clients
Keep all customer contact and information
Represents the company in strategic meetings
Aid to increase sales and growth for the business
Keep note and make sure the toiletries and supplies don’t run out of stock
Ensures that both the interior and exterior of the firm are always clean
Handles any other duty as assigned by the Vice president

Security guard

The security guard is in charge of protecting the firm and its environs
Also controls traffic and organize parking
He is Tasked with giving security tips when necessary
Should also Patrol around the building on a 24 hours basis
It’s expected to give security reports weekly

6. SWOT Analysis

We at AIB LLC understand that the very first step of starting a new bank is to build a strong business and strategic plan. We believe that this plan must consider the proposed business of the new bank, its financial and managerial resources and prospects for success, the convenience and needs of the public, and the effect of competition.

This strong business and strategic plan supported by detailed financial projections and appropriate policies and procedures form the basis of successful regulatory applications of a bank charter.

We at AIB LLC hope to establish a lucrative investment bank that will serve the needs of our clients and also bring in profits for our founders. We took time to conduct a detailed SWOT analysis for AIB LLC. The details and results are explained below.

According to our SWOT analysis, our strength at AIB LLC rests on the expertise and experience of our management team. With the experience and discipline of our team, our SWOT analysis predict we can build a robust company profile even before bidding for investment banking contracts from corporate organizations.

As the investment banking industry expands and grows in revenue and market reach, so does the level of competition in the industry. Due to the very low barriers to entry, any individual or business may register itself as an investment bank after completing the proper examinations and filings.

Opportunities

The banking sector has become one of the fastest growing business sectors in the U.S. economy. Note that computerized technologies allow financial firms to operate advisory, investment banking, and brokerage services anywhere in the country.

In time past, most financial firms needed to be within a close proximity to Wall Street in order to provide their clients the highest level of service. This is no longer the case as a firm can access almost every facet of the financial markets through Internet connections and specialized trading and investment management software.

According to our SWOT analysis, the risks we will be facing include;

Market Risk – A high correlation exists between the growth rate of the investment industry and the performance of equity markets. While evidence suggests an attractive environment for equities in the future, no forecasts can be made with absolute certainty.
Performance Risk – It is understood that our products are measured by their performance. Although the goal is to achieve competitive performance over three to five-year time periods, short-term periods may result in underperformance based on the critical measures.
Business/Operating Risk – Beyond the third full year of operation, assets under management must produce revenues that will be sufficient to support operations in their entirety. Otherwise our options will be to acquire additional funding or to reduce costs.

7. MARKET ANALYSIS

Market Trend

Experts believe this industry will continue to experience growth in all parts of the world especially in developed countries such as united states of America, Canada, United Kingdom , Germany, Australia, South Korea, Japan, China et al.

According to industry data, the industry brings in a whooping sum of $105 billion annually with an annual growth rate projected at -13.0 percent within 2011 and 2016. Although the number of industry activities has not deviated dramatically over the five-year period, the share of revenue that each activity accounts for has undergone substantial volatility.

It is believed that the products and services in the Investment industry differ considerably on a company-by-company basis, largely depending on operator size.

It’s very important to state that small and medium size investment banks target niche industries and small companies and depend more heavily on traditional investment banking activities such as underwriting and financial advisory. Alternatively, major industry players earn a substantial share of revenue from trading activities.

Note that one factor that attract entrepreneurs to the investment banking business despite the huge capital requirements and the high risk is that the venture is profitable. We have made plans to always stay ahead of industry trend and also to get the required certifications and license and also meet the standard capitalization for an investment bank in the United States.

8. Our Target Market

Our target market at AIB LLC will be greatly dependent on the phase of our product in its development cycle. Have it in mind that most of the marketing opportunities will happen beyond the first year of product development. But we remain very certain that some initial opportunities do exist.

For instance, our bank can utilize its transfer agent’s distribution services, which would put the product in a highly visible online platform. Note that extra opportunities include marketing to programs that invest specifically in “emerging managers.”

We at AIB LLC also believe that the high net worth and retail marketplace can be accessed to a limited degree, even in the early stages, through similar innovative opportunities and already-established relationships with clients. Just like manufacturing organizations, investment businesses are expected to develop products to provide to their customers.

Our hallmark product offering will be our well designed Market Equity strategy, an investment product offering based on the evidence supporting investor’s desires to outperform the overall market via a single, diversified vehicle and to avoid the need to create complex investment structures.

Our competitive advantage

Our Competitive Advantage at AIB LLC is specified in the three P’s commonly associated with investment firms: People, Process, and Performance. The first two determine the latter. Although our business plan highlights many areas (market research, financial projections, etc.), we believe there are two areas that will surely determine the level of success achieved by AIB LLC.

We believe that the very first is the people. Bright, energetic, talented, and knowledgeable individuals compose the core of the team we have at AIB LLC. We were able to note from our rigorous research that the most qualified investment professionals are attracted to efficient investment banks that are free from bureaucracy. Process is the second most important element of our bank.

We have made sure cutting-edge research will be provided in support of our portfolio management process. The implementation of our process is maximized by outsourcing virtually all functions not related to portfolio management and research, thereby making full use of the bank’s human capital.

9. SALES AND MARKETING STRATEGY

We at AIB LLC understand that the key to marketing an investment product is to create a successful and attractive product, develop a pattern of success, and show that pattern can be repeated in the future. After that, successful products should be aggressively marketed if capacity to manage additional assets exists.

Although a three to five-year period tend to seem like a century compared to the technology world, it is really quite reasonable considering the fact that private equity investors in limited partnership vehicles are generally satisfied with a 10-year waiting period that exists prior to a return of their capital investment.

AIB hallmark investment product will be the AIB Total Market Equity strategy and will be initially offered through an SEC registered mutual fund. Technological advancements also permit for other economically feasible distribution channels such as separately managed portfolios for large account sizes.

Sources of Income

We believe that our primary income at AIB LLC will come from providing our clients with investment packages, securities underwriting and advisory services in regards to mergers and acquisitions. AIB LLC will earn substantial fees for the equity and debt instruments that it underwrites and then resells to the general public.

We also believe that we will engage primarily in debt instruments among middle market companies that will be sold on a best efforts basis. This will place minimal risk on our capital reserve.

We will also earn substantial per hour management and deal fees regarding advisory services for mergers and acquisition operations. We also plan to make investments directly into marketable securities and hedge funds that specialize in specific areas of trading.

Our intention is to develop a number of trading strategies including options trading, LEAPs trading, long position/short position trading, and other methods of trading that will produce small but consistent gains on a weekly and monthly basis.

We plan to engage in a covered call strategy that would allow the fund to assure return on investment for securities that are held for an extended period of time.

10. Sales Forecast

We at AIB LLC expect to turn over approximately 1/3 of our portfolio each year. We strongly believe that this is consistent with an average holding period of three years. Generally, we would love for all holdings to be long-term investments, so we will identify stocks we will be comfortable with if we were “locked in” for three years.

This forces us to look beyond short-term noise in quarter-to-quarter results and focus on the big picture, such as our management’s vision for the future and their probability of executing their plan.

11. Publicity and Advertising Strategy

We understand the importance of creating a good publicity plan that will boost our brand and help us stay consistent in the industry.

That is why we contacted Advertising Experts called Kinks Global, to help us create publicity and advertising strategies that will help us at AIB LLC to attract and keep our target audience interested. Listed below is the summary of strategies detailed by Kinks Global for our Bank.

Place adverts on both print (community based newspapers and magazines) and electronic media platforms; we will also advertise AIB LLC on financial magazines, real estate and other relevant financial programs on radio and TV
Introduce AIB LLC by sending introductory letters with our business brochure to individuals, households, corporate organizations, schools, players in the real estate sector, and all the people of Alexandria.
Advertise AIB LLC in important financial and business related magazines, newspapers, TV and radio stations.
Place AIB LLC on yellow pages ads (local directories)
Attend important international and local real estate, finance and business expos, seminars, and business fairs et al
Encourage word of mouth marketing from loyal and satisfied clients
Sponsor relevant community based events / programs
Leverage various online platforms to promote the business. This will make it easier for people to enter our website with just a click of the mouse. We will take advantage of the internet and social media platforms such as; Instagram, Facebook , twitter, YouTube, Google + et al to promote our brand
Place our billboards at strategic locations
Share our fliers and handbills in target areas all around Portland

12. Our Pricing Strategy

Firms in this industry get funds from investors who are interested in investing, and charge them for assisting them in investing their funds over a period of time as agreed by both parties. Even though investment banking is a very risky venture, it is still profitable, hence there is an agreement between the investment bank and the client as it relates to the commission they are expected to make from the deal.

We at AIB LLC plan to charge based on percentage and also a fix consultancy/business administrative fee. We believe that in the coming years and as we progress, that we can decide to improvise or adopt any business process and structure that will guarantee us good return on investment (ROI), efficiency and flexibility.

Payment options

We plan to make sure we provide our clients with a wide variety of payment options for our services. We understand the diverse platforms people prefer and we plan to provide a suitable platform that will suit all equally. Listed below are the payment options that we will make available to AIB LLC.

Payment through bank transfer
Payment through online bank transfer
Payment with check
Payment with bank draft

13. Startup Expenditure (Budget)

We have noted that banks are expected raise their initial capital from investors after completing regulatory processes before they can open. In the industry, all insured banks must comply with the capital adequacy guidelines of their primary federal regulator.

The guidelines require a bank to demonstrate that it will have enough capital to support its risk profile, operations, and future growth even in the event of unexpected losses.

We believe that new established banks are generally subject to additional criteria that remain in place until the bank’s operations become well established and profitable. We at AIB LLC plan for an effective minimum capital of between $15 million to $25 million.

Successful capital generation in these amounts is generally the result of a well formulated and executed plan for developing local and other investors in the bank. We have analyzed our needs and we plan to spend our startup funds judiciously. Outlined below is a detailed financial projection and costing for starting AIB LLC;

Price of incorporating the Business in the United States of America – $750.
Our budget for basic insurance policy covers, permits and business license – $200,000
Acquiring a suitable Office facility opposite the city hall at Portland Delta State (Re – Construction of the facility inclusive) – $75,000
The budget envisaged for capitalization (working capital) – $30 million
Budget for settling other legal processes (acquiring business license and all city dues et al) – $2,500
Equipping the office with suitable and standard equipment(computers, software applications, printers, fax machines, furniture, telephones, filing cabins, safety gadgets and electronics et al) – $10,000
Purchasing of the required software applications (CRM software, Accounting and Bookkeeping software and Payroll software et al) – $10,500
Launching AIB LLC official Website – $600
Our expenditure for paying employees for 3 months plus utility bills – $36, 000
Other Additional Expenditure (Business cards, Signage, Adverts and Promotions et al) – $4,000
Miscellaneous: $10,000

With the above detailed cost analysis , we need $349,350 and $30 million working capital to successfully set up AIB LLC.

Generating Startup Capital for AIB LLC

AIB LLC is a licensed and registered investment bank which is capitalized by five principal investors, Mr Solomon Drane, Mrs Agnes Church, Dr Mel Stanford, Mr Kelvin Cruff and Prof. John Thomas.

Our founders plan to become the very first financiers of the business, although we have plans of selling shares and stocks as the business matures. Due to less constraint in financing, we have outlined the few ways we can acknowledge funding. These ways may include;

Generate part of the startup capital from the five principal investors
Agreeing to angel investors
Apply for business loan from the Federal Reserve Bank (if need be)

Note: AIB LLC has been able to generate an enormous $15 million from its five principal investors, who aligned and individually dished out $3,000,000 each. We have also aligned with angel investors to inject $20 million into AIB LLC, with the hope of making profits and establishing a solid business.

14. Sustainability and Expansion Strategy

Our primary goal of the first full quarter of operation (February- May 2019) is to secure funding from outside sources. Before that, our management team at AIB LLC has a budget of $300,000 to be used for finding investors, forming a legal LLC, and registering the bank and its products with the SEC.

The amount sought from investors will be approximately $20 million, which should see the business through to profitability near the completion of the third year. We at AIB LLC believe that this break-even point equates roughly to an asset under management level of approximately $130 million.

One can easily see that even modest points beyond this break-even level can be highly lucrative. It is also important to note that excess cash will be re-deployed into the business once a level of sustainability in revenue has been reached. Our primary purpose for this type of reinvestment would solely focus on a “second stage” marketing plan to increase distribution.

We also believe that a word of note is also warranted as it relates to the cash flow statement of our bank. Have it in mind that one appealing feature of the investment industry is that collection of fees (i.e. revenues) is highly certain because fees are frequently charged directly to the client’s accounts (or to the mutual fund).

That is the more reason why revenue certainty is very high and is directly related to the amount of assets under management.

Also note that common practice in the investment industry is to bill at each quarter-end. For instance, our annual fee of 1% would be applied to our clients’ accounts five times per year at 0.20%. We at AIB LLC can strongly attest to the fact that economic motivation is great.

Growth rates for the investment industry are projected to range from 25% to 24% in each of the next three years. We believe that the demographic, economic, political and social evidence supporting these projections make this industry one of the most attractive industries due to the high degree of certainty in the estimates.

We at AIB LLC believe that the certainty coupled with the above average growth rate differentiates this opportunity from other venture investments. Also have it in mind that our conservative estimates outline a plan-to-profitability over a period much shorter than typical venture investments that sometimes need up to ten years to make profits.

Check List/Milestone

Business Name Availability Check : Completed
Business Incorporation: Completed
Opening of Corporate Bank Accounts: Completed
Opening Online Payment Platforms: Completed
Application and Obtaining Tax Payer’s ID: In Progress
Application for business license and permit: Completed
Purchase of Insurance for the Business: Completed
Conducting feasibility studies: Completed
Leasing, renovating and equipping our facility: Completed
Generating part of the start – up capital from the founder: Completed
Applications for Loan from our Bankers: In Progress
Writing of Business Plan: Completed
Drafting of Employee’s Handbook: Completed
Drafting of Contract Documents: In Progress
Design of The Company’s Logo: Completed
Printing of Promotional Materials: Completed
Recruitment of employees: In Progress
Purchase of software applications, furniture, office equipment, electronic appliances and facility facelift: In progress
Creating Official Website for the Company: In Progress
Creating Awareness for the business (Business PR): In Progress
Health and Safety and Fire Safety Arrangement: In Progress
Establishing business relationship with banks, financial lending institutions, vendors and key players in the industry: In Progress

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A Marketer’s Guide to Branch Planning

When was the last time you, as a bank marketer, visited a branch? Do you know what the branch managers are doing on the front lines every day to market the bank’s products and services? Have you asked for their insights on the customer experience? Or what they think about bank sales goals and marketing plans?

If you can’t remember the last time you visited a branch or talked with a branch manager…

You’ll want to finish reading this article and make an appointment to visit a branch as soon as possible. You’ll be amazed at what you learn and—if you are open to it—just how many insights and aha! moments you can have at a branch. These insights will help you build stronger value propositions, create more effective sales and cross-sell campaigns, make smarter spending decisions, and understand better what your customers really think of your bank.

You might be thinking that’s a crazy idea. Branch traffic is down, after all, and the number of U.S. bank branches is in decline. But consider these three things:

About half of new customers still choose a bank based on branch location.
Over half of new checking account sales occur in the branch channel.
For most banks, branches remain the most critical channel for delivering essential customer interactions and experiences.

Digital channels have not outmoded personal advice, guidance, or even certain transactions for many people—including millennials. This is especially true when it comes to big-ticket credit and investment decisions. Customer experience is about using all channels in a seamless way, including the branch.

Don’t assume branches are going away. Assume instead that you can help your branch managers find a better, more productive use of the branch space.

You’ve heard of banks reconfiguring branches or using extra branch space as a yoga studio, a community meeting space, or a coffee bar with free Wifi. Of course, it may not be logical or practical to turn every branch into the neighborhood coffee bar. The point is to identify the particular features most needed in each specific branch location. That could mean:

Work space for independent contributors—especially sole proprietors and small businesses—with secure Wifi and a quiet work environment
Small, hyper-efficient transaction zones—dedicated to high volume, digitally-oriented activity
Credit and lending answer centers staffed by knowledgeable advisors

These innovative ideas have the potential to bring more people into the branches for a specific purpose, utilize the space in a more cost-effective and profitable way, and introduce your brand to people who may not have considered your bank for their financial needs. Now, maybe they will.

Overcoming the consistency conundrum.

For years being a mass market retailer has meant consistency—an idea that has manifested as a cookie cutter approach to branches, offering all branch capabilities in all locations. The underlying philosophy was that every branch had to be all things to all people. But by sharing and analyzing better data from customer channel usage and branch traffic, we can challenge that philosophy and create branches that cater to the needs of the neighborhood.

At many institutions, bank management sets branch-level sales and retention goals from their offices. And in many cases, goals are based solely on historic performance—without real knowledge of what’s happening in the branches. As we’ve seen, this can lead to overly-aggressive behavior and poor sales protocols. Perhaps we’ve been looking at this all wrong. Perhaps we should be supporting each branch manager, and looking at each branch as an independent small business.

Here’s how to build a plan for branch success from the ground up, based on the knowledge we use in marketing every day.

Apply market opportunity analytics.

Determine whether market households and businesses are growing or shrinking in your bank’s geographies.
Identify which consumer and business segments are large and growing—and which are small and decreasing in size.
Assess what the branch manager knows about his or her neighborhood. Which Main Street businesses are opening/closing? Are home values increasing or decreasing? What about shifts in the local workforce, unemployment trends, and product inquiries and sales?
Realize that micro-trends could be one of the keys to success for the branch of the future. The branch manager is probably in the best position to know what’s happening in their neighborhood—and can help the bank capitalize on micro-trends and happenings.

Define bank strategy and value proposition.

Ensure there is a clearly articulated and differentiated value proposition that every bank employee can understand and communicate to customers and prospects.
Utilize the value proposition as ‘guide rails’ for assisting branch managers in creating and prioritizing sales and marketing plans.

Measure branch transaction trends.

Provide branch managers with a consistent set of key performance metrics and a performance dashboard so that they can see how they are doing against their own plan—and that of other branch managers.
Don’t forget that some of the most important performance metrics include omni-channel transaction and product usage patterns of customers domiciled in the branch, in addition to sales and customer retention stats.

Understand branch performance relative to peers.

Work with branch managers to conduct a strategic assessment of market and branch analytics. Perhaps some branches should be targeting cost savings and efficiencies while others should be hotbeds of sales and new customer acquisition.
Set appropriate goals for the appropriate branch by providing context, such as market and branch performance rankings. This allows the marketing team and senior management to help guide the direction of each branch plan. And it sets each branch manager up for success.

Devise appropriate marketing and sales programs.

Define branch-specific marketing and sales campaigns to fuel new-to-bank acquisition and raise awareness among key segments.
Provide calling lists of prospects, informed by branch goals, segmentation strategy, and analytics.
Design product bundles and communication standards that help managers to easily sell new products and upsell existing customer relationships.

You have an abundance of data that could help branch managers better understand their own small business.

But marketers aren’t always so good at sharing data with the front line. What if everyone in the organization could benefit from the huge trove of data being collected, so that across your network, branch managers are looking at consistent data? How cool it would be to have something analogous to a Google Analytics dashboard for every branch?

Branch managers would likely use the data to make decisions in diverse ways, and that’s the point. That’s because different branches should have different strategic directions, which might include:

Targeting efficiencies
Maintaining the base
Accelerating new-to-bank acquisition

Using data on a branch’s current and past performance, customer base, and potential of the market, each branch manager can create an informed plan for success.

Given the option to either close a branch or find a better way to utilize the space…

Branch managers often become extremely resourceful in suggesting creative ways to maintain branches and jobs. That’s because they understand the importance of their branch to the local community. And with guidance, they can create a business plan that ensures a level of profitability and the continued ability to contribute to a vibrant local community.

Branch managers have to know bank regulations, operations, financial product sets for consumers and businesses, security measures, and sales practices. Simultaneously, they need to manage and motivate a team of people while also being great at customer service and relationship management. That’s one tall order. As banks increasingly embrace the capabilities that digital innovations bring to the customer experience, why not capitalize on the knowledge of your branch managers to help create your version of the bank of the future?

Or, at the very least, get their help in understanding options to make their branch and your marketing programs the best they can be.

If there is branch downstairs in your building, I challenge you to take a walk down there right now and introduce yourself to the branch manager. Make an appointment to grab lunch together—if they can spare the time—then spend an hour or two observing what happens in the branch. Observe the operation, the customers and the transactions. Then think about how your bank could make every customer experience better and what impact your findings have on how you do your job.

You might be surprised at your findings.

Mary Ellen Georgas is an experienced banking industry consultant and firm leader at Capital Performance Group, LLC , providing strategy, marketing, and digital channel consulting services to the financial services industry. Email: [email protected] .

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Growing your business, plan and progress your business with u.s. bank ..

U.S. Bank can help you get ahead with business insights, solutions and guidance.

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From maintaining inventory and operating expenses to buying equipment or real estate, U.S. Bank offers business loans and credit options that can help keep you on track.

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Our business advisors take the time to understand your business to keep you moving in the right direction with meaningful advice and solutions aligned with your needs.

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Our goals coaches will work with you to develop your business goals, create a timeline and connect you with additional resources to put your plan in motion.

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Yes, the U.S. Bank Business Platinum credit card offers our lowest APR for those that qualify. To learn more and apply go to bizcards.usbank.com/credit/business-edge-platinum.do .

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30 60 90 Day Plan for New Bank Managers Template

Download this 30 60 90 Day Plan for New Bank Managers Template Design in Word, Google Docs, PDF, Apple Pages Format. Easily Editable, Printable, Downloadable.

This 90-Day Plan Template helps you outline strategies that streamline the deployment of new bank managers. It suggests a concrete action plan that equips new bank managers with skills, knowledge, and resources for the first 30, 60, and 90 days on their job. To better fit your transition needs, edit this template for free online. Then, download a copy in your preferred file format.

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Bank Business Plan Powerpoint Presentation Slides

Banking is moving from traditional banking services to online. Digital banking is a simple, quick, and convenient method or technology that allows individuals or businesses to control and manage their daily finances. Our professionals at SlideTeam have curated this customizable bank business plan template that covers all the essential details, including executive summary, entity details, industry analysis, financial summary, etc. The PPT also educates prospective clients about the different services the bank provides. Furthermore, this Online Banking module leverages clients to assess market scenarios through a comprehensive SWOT analysis and porters framework. Customer profiling, geographical analysis, market sizing, sales funnel, Unique value propositions, competitive analysis, etc., are other sections that are highlighted in this business plan. With this professionally crafted Commercial Banking Industry presentation, the customer can access a detailed 5-year financial summary section covering revenue model, scenario analysis, balance sheet analysis, cash flow statement, and profit and loss statement. Download our 100 percent editable and customizable deck to know more in detail.

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PowerPoint presentation slides

You can survive and sail through cut-throat competition if you have the right skills and products at hand. If a business plan is on your upcoming agenda, then it will not be wise of you to proceed in absence of our well-designed Bank Business Plan Powerpoint Presentation Slides document. Our business plan word document swears by in-depth detailing and thus answers every question that may hit you or your audience at any point of time. Whats more, are the multi-fold benefits that our word document offers. Made up of high-resolution graphics, this document does not hamper when projected on a wide screen. Being pre-designed and thoroughly editable this ready-made business plan saves a lot of the presenters time and efforts which otherwise get wasted in designing the business plan from scratch. We make our business plan word documents available to you keeping in mind the competitive edge. Join your hands with us now.

People who downloaded this PowerPoint presentation also viewed the following :

Complete Decks , All Decks , Business Plans
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Content of this Powerpoint Presentation

Slide 1 : This slide introduces Bank Business Plan. State your company name and begin. Slide 2 : This slide states Agenda of the presentation. Slide 3 : This slide shows Table of Content for the presentation. Slide 4 : This slide highlights title for topics that are to be covered next in the template. Slide 5 : This slide presents Executive summary of the bank including mission and vision. Slide 6 : This slide displays Detailed overview of the bank. Slide 7 : This slide represents Market gap and opportunity of a banking firm. Slide 8 : This slide showcases Description of products and services offered by the bank. Slide 9 : This slide shows Unique value proposition of the bank. Slide 10 : This slide presents Choosing an ideal business location for the bank. Slide 11 : This slide highlights title for topics that are to be covered next in the template. Slide 12 : The purpose of this slide is to conduct a thorough assessment of the bank. Slide 13 : This slide displays Banking industry – market analysis and trends. Slide 14 : This slide represents Major restraints hampering growth in the banking industry. Slide 15 : This slide showcases growth drivers for a banking organization. Slide 16 : This slide highlights title for topics that are to be covered next in the template. Slide 17 : This slide presents Target segment analysis with buyer’s persona. Slide 18 : This is another slide continuing Target segment analysis with buyer’s persona. Slide 19 : This slide depicts the market potential of the banking industry in terms of TAM, SAM, and SOM. Slide 20 : This slide highlights title for topics that are to be covered next in the template. Slide 21 : This slide shows Comprehensive competitor analysis with attributes. Slide 22 : This is another slide continuing Comprehensive competitor analysis with attributes. Slide 23 : This slide highlights title for topics that are to be covered next in the template. Slide 24 : This slide presents Detailed swot analysis of the bank. Slide 25 : This slide highlights title for topics that are to be covered next in the template. Slide 26 : This slide displays porter’s framework and its implications in the banking industry. Slide 27 : This slide highlights title for topics that are to be covered next in the template. Slide 28 : This slide represents Effective go-to-marketing strategies to increase sales volume and revenue. Slide 29 : This slide showcases Evaluating client journey through a sales funnel. Slide 30 : This slide highlights title for topics that are to be covered next in the template. Slide 31 : This slide shows Understanding the bank’s operational framework to ensure success. Slide 32 : This slide highlights title for topics that are to be covered next in the template. Slide 33 : This slide presents Key financial assumptions of the organization. Slide 34 : This slide represents Effective revenue generation model of the bank. Slide 35 : This is another slide continuing Effective revenue generation model of the bank. Slide 36 : This slide showcases Break-even analysis with fixed and variable cost. Slide 37 : The slides provide a glimpse of the projected profit and loss statement. Slide 38 : This slide displays projected profit and loss statement to visualize the platform’s financial performance. Slide 39 : This is another slide continuing projected profit and loss statement to visualize the platform’s financial performance. Slide 40 : This slide represents Consolidated statements of cash flow of the bank. Slide 41 : This is another slide continuing Consolidated statements of cash flow of the bank. Slide 42 : This slide presents Comparative balance sheet statement of the bank. Slide 43 : This is another slide continuing Comparative balance sheet statement of the bank. Slide 44 : The purpose of this slide is to examine the effects of potential future events on the bank’s performance. Slide 45 : This slide displays Scenario analysis with optimistic, pessimistic, and nominal cases. Slide 46 : This slide represents Discounted cash flow valuation of the bank. Slide 47 : This slide highlights title for topics that are to be covered next in the template. Slide 48 : This slide showcases Deploying an efficient organizational structure for smooth operations. Slide 49 : This slide shows Job roles and responsibilities of each department. Slide 50 : This is another slide continuing Job roles and responsibilities of each department. Slide 51 : This slide highlights title for topics that are to be covered next in the template. Slide 52 : This slide presents Possible exit options for stakeholders. Slide 53 : This slide highlights title for topics that are to be covered next in the template. Slide 54 : This slide displays Key abbreviations used in the plan. Slide 55 : This slide contains all the icons used in this presentation. Slide 56 : This slide is titled as Additional Slides for moving forward. Slide 57 : This is a Financial slide. Show your finance related stuff here. Slide 58 : This is a Timeline slide. Show data related to time intervals here. Slide 59 : This is About Us slide to show company specifications etc. Slide 60 : This is Our Mission slide with related imagery and text. Slide 61 : This is a Comparison slide to state comparison between commodities, entities etc. Slide 62 : This slide shows Post It Notes. Post your important notes here. Slide 63 : This is a Thank You slide with address, contact numbers and email address.

Bank Business Plan Powerpoint Presentation Slides with all 68 slides:

Use our Bank Business Plan Powerpoint Presentation Slides to effectively help you save your valuable time. They are readymade to fit into any presentation structure.

A bank business plan should include an executive summary, market analysis, organizational structure, product and service offerings, marketing and sales strategies, financial projections, and regulatory compliance information

To attract investors, emphasize the bank's unique value proposition, growth potential, management team's expertise, risk management strategies, and competitive advantages in the business plan.

Starting a bank requires obtaining licenses from regulatory authorities such as the central bank or financial regulatory agencies. Compliance with banking regulations, including capital requirements, risk management guidelines, and anti-money laundering measures, is also essential.

Differentiate your bank by offering unique products and services, implementing advanced technology for convenience, providing personalized customer experiences, offering competitive interest rates, and establishing a strong brand reputation built on trust and transparency

Conduct a thorough financial analysis by evaluating the bank's capital adequacy, liquidity management, asset quality, profitability projections, and stress testing scenarios to assess the financial viability and sustainability of the bank business.

Ratings and Reviews

by Darrin Porter

January 4, 2023

by Thomas Garcia

January 2, 2023

Project management

The effective guide to project management in banking: Best practices and tools

“Good business leaders create a vision, articulate the vision, passionately own the vision, and relentlessly drive it to completion.” ~ Jack Welch, former CEO of GE, in an interview with Harvard Business Review

Jack Welch wasn’t a banker. So what can Jack Welch — as successful as he was at GE — teach us about project management in banking?

Project management in banking has its fair share of complexities and challenges other industries don’t share — and we’ll get into those in this post.

But even though the specifics can vary quite a bit, the core or soul of good project management is built on the same principles no matter the industry or context.

Below we’ll look at what project management in banking is, as well as those unique challenges. We’ll also offer insights on best practices and essential tools for succeeding in project management in banking and finance.

What is the role of project management in banking?

Project management is a discipline that exists in all sorts of industries. While the broad strokes are the same — planning, organizing, and managing the execution of all components of a project — the specifics vary widely depending on what industry is in view and what the projects look like.

Project management in the banking industry includes unique challenges. Coordinating complex projects, dealing with high-value systems, staying compliant with numerous industry regulations, and keeping laser-focused on achieving financial objectives are all high priorities in banking project management.

Regulation is an especially important difference: Where project managers in non-regulated sectors are more or less free to make the decisions, moves, and changes that lead to the best project outcomes, banking project managers must ensure that all actions and activities remain compliant.

Rachelle Sanders at Meisterplan explains :

“Staying compliant with federal regulations is an incredibly complex task. Adhering to regulations protecting consumers’ private financial information has become particularly difficult as organizations develop new online capabilities for banking, transferring money, investing and other activities.”

So banking and finance project managers must understand and stay up to date on all relevant regulations that might affect their decision-making over the course of a project — and coordinate with a wide range of stakeholders, from dev teams to legal departments and more.

Challenges of project managers in finance

Working in the finance sector involves a set of challenges not found elsewhere.

The complex regulation of financial services institutions (including rules that can change at the drop of a hat) is perhaps the biggest. Another is working with what always feels like overly limited resources: Banking project managers are constantly challenged to get more done with less .

Today’s finance sector is entirely tech-dependent, and the organizations involved are top targets for cybercriminals. So while project managers may need to bring in numerous outside parties, they must remain vigilant about cybersecurity threats, including the increased risk of bringing on those partners.

The range of project types is a challenge as well. Information technology (IT projects), short-term initiatives, financial projects in the banking sector, procurement projects, and other initiatives all fall within banking project management (or program management if you’re large enough to have a PMO).

Last, stakeholders in banking tend to have high expectations.

Effective project management tactics can decrease risks and alleviate the impacts of these challenges:

The right project management tools will help teams overcome resource limitations.

Following digital best practices, including with project management, reduces cyber risks.

Increased organization by way of project management software helps to satisfy high stakeholder expectations.

Best practices for banking project teams

Whether you are a project manager by formal training or suddenly find yourself wearing the hat of project team leader in a banking or finance context, these best practices will help your banking project teams achieve more, increase their accuracy, and improve project success rates.

Effective tracking and communication

No matter what kind of project you're leading, clear communication must always be a high priority. This includes attention to your own communication skills as well as facilitating communication for your team. Especially in the world of finance, you'll need to give extra attention to maintaining clear lines of communication as you’ll most likely be interfacing with busy professionals across numerous disciplines and departments.

You'll also need robust tracking mechanisms for monitoring project progress as there is rarely much margin for error. With these mechanisms in place, you’ll be able to address issues promptly because you will have identified them earlier in the timeline.

Deciding objectives and checking metrics

The projects you manage in banking frequently are not physical, like building a new branch office. And with any creative or technical, non-tangible project, measuring progress can be challenging.

Before the project starts, be sure to identify the metrics and milestones that make sense as strong measures of project progress. These should align with the bank's strategic objectives and project goals.

If your employer has already developed OKRs (objectives and key results) and/or KPIs (key performance indicators), incorporate whichever are relevant into the project’s metrics and objectives.

Comparing actuals to budgets

For projects that directly earn value or can be measured in similar terms, another best practice is to compare that actual earned value (once the project is complete and has had sufficient time to demonstrate its earning potential) with the project budget.

This is one measure of project success vs. project failure, but one that plays out over time. Whether a project is achieving its financial objectives and supporting the company’s overall objectives may not be clear until some time after the project reaches completion, but this information can directly affect decisions made for future similar projects.

Sticking to a review schedule

No doubt every member of the cross-functional team responsible for a project is pulled in numerous directions, some involving the project and some related to regular duties. And it's a similar situation with stakeholders. Busy bank stakeholders have plenty to concern themselves with and so might not naturally give every project the focus that it needs.

This is why we recommend creating and then sticking to a review schedule, a meeting held at a predictable time that includes all project stakeholders and relevant representatives from the project team. This is the most reliable way to keep projects on track and keep your stakeholders informed.

5 most needed project management tools for banks

These five types of essential project management tools are particularly beneficial in the banking context, where project managers must wrangle complex financial projects efficiently.

If you’re missing software functionality for any of these five, it’s time to make a change.

1. Project planning

Project planning software is a must for planning, visualizing, executing, and monitoring projects. By pulling all your project details into one location that everyone can see and interact with, project planning software increases visibility into how various tasks and subprocesses are interrelated in your complex project.

It’s far easier to plan and project out a project timeline when you have a central location for mapping out tasks, assigning those tasks to team members, and building a schedule that takes all this complexity into account.

Teamwork.com is project planning software that helps financial institutions plan, execute, and track projects. It has the depth and robustness that financial firms need, which means it can handle just about any scenario you throw at it.

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2. Issue tracking

Depending on the kinds of projects you're managing, issue-tracking software is another must-have tool. If you're building software-related or web-based products, solving problems when they pop up isn't as simple as correcting typos or changing a color scheme. You'll likely need to assign an issue to the relevant specialist and give that person time to create a novel solution to the problem.

Bug fixing, customer support tickets, or whatever else your project issues look like, it just isn't feasible to keep track of all of this manually. You need a better system to track them. That's what issue-tracking software is for.

There are a number of products on the market that can offer some kind of issue-tracking functionality, including standalone products and broader project management suites that offer an issue-tracking module.

3. Change control

Change control mechanisms are another important aspect of banking project management. Change control helps to ensure that project scope and objectives remain aligned with business goals, even if certain adjustments come up along the course of the project that must be implemented.

Without change control, these adjustments turn into scope creep: They aren't accounted for in the project schedule or budget (or, even worse, both), so they end up threatening project success. Change control is a way to approach change management that allows projects to grow and evolve — something that’s often unavoidable in complex or tech-oriented projects.

4. Team communication

Since there are a lot of cross-functional teams involved in bank project management, cross-team collaboration is another key to project success.

Thankfully, there are all sorts of modern communication tools that can aid in your team's communication. From asynchronous chat and video to real time video conferencing and everything in between, modern communication tools allow for seamless collaboration among project team members and stakeholders.

Even your project planning platform can be a type of team communication tool: when all team members can easily log in and view project progress, task status, assigned tasks, issue tracking, and so forth, it’s that much easier for team members to communicate clearly about what they need.

5. Risk planning

Complex, high-value projects incur risk just like any other project. The difference is in the ramifications of those risks.

While every project should engage in some level of risk planning or risk management, banking projects should do this in organized, defined (not to mention compliant) ways.

Risk planning tools like risk registers are a great place to start. You can use a risk register to identify, assess, and mitigate project risks effectively throughout the project life cycle. Make sure to include these elements in your risk register:

Risk identification: Short identifier such as a unique ID number

Risk description: Concise explanation of what the risk is; should be able to be understood at a glance

Risk category: Project risks tend to group together, whether by phase, affected process, or type (budgetary, resource-related, schedule, quality, and so on)

Risk owner: Individual or department responsible for solving the problem if the risk becomes reality

Risk probability: Likelihood that the risk will become reality

Risk mitigation: Steps necessary to resolve the risk, should it occur

Risk impact: How much damage would occur based on the risk

Risk priority: Measure of both impact and probability, used to determine where mitigation resources should be focused

Risk status: Place to note whether the risk is potential, active, in process, or already mitigated

Discover how Teamwork.com can streamline your finance projects

While strong project management principles apply no matter what industry you find yourself in, the fact remains that project management in banking has its own set of issues and challenges.

The best practices and key tools we’ve shared here will equip you to face those challenges head on. And at the center of your project management strategy, you need a linchpin that supports everything else you’re trying to accomplish.

Project management software is that key central piece, and Teamwork.com is a banking project management software solution worth considering.

Teamwork.com goes deeper than some of the newer, “trendy” project management tools like Trello and Asana. Those tools weren’t designed to support complex projects and workflows, but Teamwork.com is.

At the same time, Teamwork.com was built to be intuitive enough for professionals who are juggling other responsibilities, not just project management professionals (PMPs) with a career’s worth of project management experience.

That makes Teamwork.com the perfect platform on which to build effective banking project management strategies and workflows.

See more of what Teamwork.com can do for your business now - get started now for free, view our comprehensive pricing plans , or book a demo today.

The all in one platform for client work

Trusted by 20,000 businesses and 6,000 agencies, Teamwork.com lets you easily track, manage, and customize multiple complex projects. Get started with a free 30-day trial.

TABLE OF CONTENTS

Ben Brigden - Senior Content Marketing Specialist - Author

Ben is a Senior Content Marketing Specialist at Teamwork.com. Having held content roles at agencies and SaaS companies for the past 8 years, Ben loves writing about the latest tech trends and work hacks in the agency space.

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Moscow International Business Center (Moscow City)

Guide to Russia

What can you do at Moscow City?

Dine in style: Moscow City is home to 100+ cafes and restaurants, including Europe’s highest restaurant and ice-cream shop
See Moscow like never before: Ascend to one of Moscow City’s observation decks for an unparalleled panorama of Moscow
Admire world-class architecture: Each of Moscow City’s skyscrapers has distinctive architecture and design
Learn something new: Visit the Museum of High-Rise Architecture in Moscow or the Metro Museum

Moscow City is a multifunctional complex in the west of Moscow, which has come to represent the booming business of Russia’s capital. Its skyscrapers enrich Moscow’s skyline, contrasting the medieval cupolas and Stalinist high-rises. Visitors to Moscow City can enjoy entertainment high in the sky, as the complex is home not just to offices, but to restaurants, cinemas, viewing platforms, and museums.

Moscow International Business Center (Moscow City)

Photo by Alex Zarubi on Unsplash

History of Moscow City

Moscow City was first conceived in 1991 by honoured Soviet architect Boris Tkhor, who proposed to construct a business center in Moscow. It would be complete with gleaming skyscrapers rivalling those of New York and London, to reflect the new life and growing ambitions of post-Soviet Russia.

The chosen site was a stone quarry and disused industrial zone in western Moscow, in between the Third Ring Road and Moskva River. Initially, the territory was divided into 20 sections arranged in a horseshoe shape around a central zone. The skyscrapers would increase in height as they spiralled around the central section, with shorter structures built on the waterfront to give the taller buildings behind a view of the river.

Architect Gennady Sirota, who contributed to iconic projects such as the Olympic Sports Complex on Prospekt Mira, was selected as the chief architect, and many other world-famous architects were attracted to Moscow to realise their visions in Moscow City.

What can you see and do at Moscow City?

Where Moscow’s cityscape was once dominated by Stalin’s Seven Sisters skyscrapers , this is no more. Moscow City is home to eight of Russia’s ten tallest buildings, six of which exceed 300 metres in height. More buildings are still under construction there today, including the One Tower (which will be Europe’s second-tallest building). Once completed, Moscow City will comprise more than 20 innovative structures.

Each of Moscow City’s skyscrapers was designed by its own architect, lending the cluster of skyscrapers a unique appearance. Aside from being a site of architectural wonder, Moscow City is a place for leisure and entertainment with over 100 cafes and restaurants, exhibition spaces, cinemas, viewing platforms, and more.

Photo by Nikita Karimov on Unsplash

Federation Tower

East Tower: 374m, 97 floors; West Tower: 243m, 63 floors
Completed in 2017
Architects: Sergey Tchoban and Peter Schweger

The East Federation Tower is the tallest building in Moscow, and the second-tallest building in Europe after the Lakhta Centre in St Petersburg. Visitors can enjoy a luxurious meal of seafood, truffles or steak at restaurant ‘Sixty’ on the 62nd floor of the West Tower, or visit Europe’s highest observation deck, ‘Panorama 360’, on the 89th floor of the East Tower.

Did you know? The ice cream and chocolate shop on the 360 observation deck are the highest in the world!

South Tower: 354m, 85 floors; North Tower: 254m, 49 floors
Completed in 2015
Architect: Skidmore, Owings & Merrill LLP

The South OKO Tower is the third-tallest building in Russia and Europe. Here, you can visit ‘Ruski’ to dine on hearty Russian cuisine cooked on a real Russian stove, and have a drink in the ice bar. Alternatively, visit restaurant, nightclub and performance space ‘Birds’; the restaurant is the highest in Europe, situated on the 86th floor roof terrace alongside an observation deck. The OKO Towers are also home to karaoke club ‘City Voice’.

Did you know? Underneath OKO Towers is the largest underground parking in Europe, with 16 levels and 3,400 parking spaces.

Mercury Tower

339m tall, 75 floors
Architects : Mikhail Posokhin, Frank Williams, Gennady Sirota

Another multifunctional skyscraper, which was designed as the first truly ‘green’ building in Moscow. The Mercury Tower has a distinct geometric shape and copper-coloured glazing, and was the tallest building in Europe upon completion. Visit ‘More i myaso’ (Sea and meat) on the first floor of the tower to enjoy European and Mediterranean cuisine whilst surrounded by greenery. On the 2nd and 40th floors a modern art gallery, the ‘ILONA-K artspace’, has just opened.

City of Capitals

Moscow Tower: 302m, 76 floors; St Petersburg Tower: 257m, 65 floors
Completed in 2009
Architect: Bureau NBBJ

The unique geometric design of the City of Capitals towers resembles stacks of rotating blocks, and is rooted in Constructivism of the early Soviet period (many Soviet Constructivist buildings can be found in Moscow). Visitors to the Moscow Tower can enjoy a range of cuisines – traditional Italian dishes on the summer terrace of ‘Tutto Bene’, Panasian cuisine in the tropical luxury of the ‘Bamboo Bar’ on the 1st floor’, and poke or smoothie bowls at ‘Soul in the Bowl’ cafe on the 80th floor.

Tower on the Embankment

Tower A: 84m; Tower B:127m; Tower C: 268m, 61 floors
Completed in 2007
Architects: Vehbi Inan and Olcay Erturk

After completion, the Tower on the Embankment was the tallest building in Europe, and is now the 13th tallest. It houses the headquarters of several large Russian and international companies, including IBM and KPMG. There are two cafes located on the 1st floor of Tower C – self-service café ‘Obed Bufet’ (Lunch Buffet) and Bakery Chain ‘Khleb Nasushchny’ (Daily Bread).

Evolution Tower

255m tall, 54 floors
Architects: Philip Nikandrov and RMJM Scotland Ltd

Evolution is Moscow City’s most recognisable tower, and the 11th tallest building in Russia. Its façade is a true architectural marvel, comprising continuous strips of curved glazing spiralling high into the sky. According to the architect, Philip Nikandrov, the spiral shape of the tower honours centuries of architectural design in Russia, from the onion domes of St Basil's Cathedral to Vladimir Shukhov’s Tatlin Tower, a masterpiece of Constructivist design. Outside the Evolution tower is a landscaped terrace and pedestrian zone descending to the Presnenskaya Embankment, which was also designed by Nikandrov.

Did you know? Moscow’s largest wedding palace was supposed to be built on the site of the Evolution tower, though the project was abandoned.

239m tall, 60 floors
Completed in 2011

Imperia’s interesting design has a curved roof and an arched glass façade. Inside the tower are various cafes including ‘City Friends’ for all-day breakfasts and light lunches, ‘Mama in the City’ for simple meals of Russian cuisine, and ‘abc kitchen’ for European and Indian-inspired dishes. Alternatively, visit ‘High Bar’ on the 56th floor for cocktails with a view. In Imperia you’ll also find the Museum of High-Rise Construction in Moscow (suitably located on the 56th floor), and the Camera Immersive Theatre.

Did you know? Inside Vystavochnaya metro station is the Metro Museum , dedicated to the history of the beautiful Moscow Metro!

130m tall, 26 floors
Completed in 2001
Architect: Boris Tkhor

Tower 2000 was Moscow City’s first tower. It stands on the opposite bank of the Moskva River, and houses a viewing platform from which visitors can admire an unparalleled panorama of Moscow City. The Bagration Bridge reaches across the river from the tower to Moscow City, and underneath are piers from where you can take boat trips.

Photo by Alexander Popov on Unsplash

Afimall is Moscow’s largest entertainment and shopping complex, home to 450 shops, cafes and restaurants, a cinema, and a virtual-reality game park. The shopping centre is located in the central section of Moscow City, and a cinema and concert hall are currently under construction there.

What’s nearby?

Sechenov Botanical Gardens: The botanical gardens of the First Moscow State Medical University was created for students’ training and research in 1946. Today it is open for free visits, and is home to a large arboretum.

Park Krasnaya Presnya: This park belonged to the Studenets estate of the Gagarin princes. It is a monument of 18th and 19th century landscaping, with Dutch ponds, ornate bridges, and tree-lined alleys. There are also sports facilities, sports equipment rental, and cafes.

Photo by Akkit on Wikipedia

Essential information for visitors

Website: https://www.citymoscow.ru/

Email: [email protected]

Phone: +7 (495) 730-23-33

Nearest metro: Mezhdunarodnaya (closest to the skyscrapers), Delovoy Tsentr (underneath Afimall), Vystavochnaya (closest to Expocentre)

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Moscow - St. Petersburg 3-star cruise by Vodohod

This is our most popular cruise covering Moscow and St. Petersburg and all of the significant towns between these 2 cities. Besides the Two Capitals, you will visit the ancient towns of Uglich, Yaroslavl and Goritsy, the island of Kizhi, and Mandrogui village.

Cruise Ship

Two Capitals and the Golden Ring

This tour covers the best sights of Moscow and St. Petersburg along with a trip to the Golden Ring - a group of medieval towns to the northeast of Moscow. Ancient Kremlins, onion-shaped domes and wooden architecture is just a small part of what awaits you on this amazing tour.

Accommodation

PRIVATE TOUR

Classic Moscow

This is our most popular Moscow tour that includes all the most prominent sights. You will become acquainted with ancient Russia in the Kremlin, admire Russian art in the Tretyakov Gallery, listen to street musicians as you stroll along the Old Arbat street, and learn about Soviet times on the Moscow Metro tour.

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How to Write a Successful Digital Bank Business Plan (+ Template)

Creating a business plan is essential for any business, but it can be especially helpful for digital bank businesses that want to improve their strategy or raise funding.

A well-crafted business plan outlines the vision for your company, but also documents a step-by-step roadmap of how you will accomplish it. To create an effective business plan, you must first understand the components essential to its success.

This article provides an overview of the critical elements every digital bank business owner should include in their business plan.

Download the Ultimate Business Plan Template

What is a Digital Bank Business Plan?

A digital bank business plan is a formal written document describing your company’s business strategy and feasibility. It documents the reasons you will be successful, your areas of competitive advantage, and it includes information about your team members. Your business plan is a critical document that will convince investors and lenders (if needed) that you are positioned to become a successful venture.

Why Write a Digital Bank Business Plan?

A digital bank business plan is required for banks and investors. The document is a clear and concise guide to your business idea and the steps you will take to make it profitable.

Entrepreneurs can also use this as a roadmap when starting their new company or venture, especially if they are inexperienced in starting a business.

Writing an Effective Digital Bank Business Plan

The following are the critical components of a successful digital bank business plan:

Executive Summary

The executive summary of a digital bank business plan is a one- to two-page overview of your entire business plan. It should summarize the main points, which will be presented in full in the rest of your business plan.

Start with a one-line description of your digital bank company
Provide a summary of the key points in each section of your business plan, which includes information about your company’s management team, industry analysis, competitive analysis, and financial forecast, among others.

Company Description

This section should include a brief history of your company. Include a short description of how your company started and provide a timeline of milestones your company has achieved.

You may not have a long company history if you are just starting your digital bank business. Instead, you can include information about your professional experience in this industry and how and why you conceived your new venture. If you have worked for a similar company or been involved in an entrepreneurial venture before starting your digital bank firm, mention this.

You will also include information about your chosen digital bank business model and how, if applicable, it is different from other companies in your industry.

Industry Analysis

The industry or market analysis is an important component of a digital bank business plan. Conduct thorough market research to determine industry trends and document the size of your market.

Questions to answer include:

What part of the digital bank industry are you targeting?
How big is the market?
What trends are happening in the industry right now (and if applicable, how do these trends support your company’s success)?

You should also include sources for your information, such as published research reports and expert opinions.

Customer Analysis

This section should include a list of your target audience(s) with demographic and psychographic profiles (e.g., age, gender, income level, profession, job titles, interests). You will need to provide a profile of each customer segment separately, including their needs and wants.

For example, a digital bank business’ customers may include:

Small businesses that need online banking solutions
Start-ups and tech companies that are looking for innovative ways to manage their finances
Freelancers and consultants who need a simple way to get paid and track expenses

You can include information about how your customers decide to buy from you and what keeps them buying from you.

Develop a strategy for targeting those customers who are most likely to buy from you, as well as those that might be influenced to buy your products or digital bank services with the right marketing.

Competitive Analysis

The competitive analysis helps you determine how your product or service will differ from competitors, and what your unique selling proposition (USP) might be that will set you apart in this industry.

For each competitor, list their strengths and weaknesses. Next, determine your areas of competitive advantage; that is, in what ways are you different from and ideally better than your competitors.

Below are sample competitive advantages your digital bank business may have:

24/7 customer service
Higher deposit limits
More locations
Better mobile app

Marketing Plan

This part of the business plan is where you determine and document your marketing plan. . Your plan should be laid out, including the following 4 Ps.

Product/Service : Detail your product/service offerings here. Document their features and benefits.
Price : Document your pricing strategy here. In addition to stating the prices for your products/services, mention how your pricing compares to your competition.
Place : Where will your customers find you? What channels of distribution (e.g., partnerships) will you use to reach them if applicable?
Promotion : How will you reach your target customers? For example, you may use social media, write blog posts, create an email marketing campaign, use pay-per-click advertising, or launch a direct mail campaign. Or you may promote your digital bank business via a PR or influencer marketing campaign.

Operations Plan

This part of your digital bank business plan should include the following information:

How will you deliver your product/service to customers? For example, will you do it in person or over the phone?
What infrastructure, equipment, and resources are needed to operate successfully? How can you meet those requirements within budget constraints?

You also need to include your company’s business policies in the operations plan. You will want to establish policies related to everything from customer service to pricing, to the overall brand image you are trying to present.

Finally, and most importantly, your Operations Plan will outline the milestones your company hopes to achieve within the next five years. Create a chart that shows the key milestone(s) you hope to achieve each quarter for the next four quarters, and then each year for the following four years. Examples of milestones for a digital bank business include reaching $X in sales. Other examples include expanding to new markets, developing new products and services, and hiring new personnel.

Management Team

List your team members here, including their names and titles, as well as their expertise and experience relevant to your specific digital bank industry. Include brief biography sketches for each team member.

Particularly if you are seeking funding, the goal of this section is to convince investors and lenders that your team has the expertise and experience to execute on your plan. If you are missing key team members, document the roles and responsibilities, you plan to hire for in the future.

Financial Plan

Here, you will include a summary of your complete and detailed financial plan (your full financial projections go in the Appendix).

This includes the following three financial statements:

Income Statement

Your income statement should include:

Revenue : how much revenue you generate.
Cost of Goods Sold : These are your direct costs associated with generating revenue. This includes labor costs, as well as the cost of any equipment and supplies used to deliver the product/service offering.
Net Income (or loss) : Once expenses and revenue are totaled and deducted from each other, this is the net income or loss.

Sample Income Statement for a Startup Digital Bank Firm

Balance sheet.

Include a balance sheet that shows your assets, liabilities, and equity. Your balance sheet should include:

Assets : All of the things you own (including cash).
Liabilities : This is what you owe against your company’s assets, such as accounts payable or loans.
Equity : The worth of your business after all liabilities and assets are totaled and deducted from each other.

Sample Balance Sheet for a Startup Digital Bank Firm

Cash flow statement.

Include a cash flow statement showing how much cash comes in, how much cash goes out and a net cash flow for each year. The cash flow statement should include ash flow from:

Investments

Below is a sample of a projected cash flow statement for a startup digital bank business.

Sample Cash Flow Statement for a Startup Digital Bank Firm

Finally, you will also want to include an appendix section which will include:

Your complete financial projections
A complete list of your company’s business policies and procedures related to the rest of the business plan (marketing, operations, etc.)
Any other documentation which supports what you included in the body of your business plan.

Create Your Digital Bank Business Plan

Writing a good business plan gives you the advantage of being fully prepared to launch and/or grow your digital bank company. It not only outlines your business vision but also provides a step-by-step process of how you are going to accomplish it.

Now that you know how to write a business plan for your digital bank, you can get started on putting together your own.

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1832 asset management l.p. is appointed as manager and trustee of the tangerine investment funds.

TORONTO , April 1, 2024 /CNW/ - Tangerine Investment Management Inc. (TIMI) has appointed its affiliate, 1832 Asset Management L.P., as the successor trustee, manager, and portfolio advisor for all Tangerine Investment Funds, effective today.

Prior to the announcement, 1832 Asset Management L.P. was the portfolio advisor to the Tangerine Global ETF Portfolios, Tangerine Socially Responsible Global Portfolios, and the Tangerine Money Market Fund.

There is no change to the investment objectives, strategies, or fees of the Tangerine Investment Funds associated with this appointment.

The Tangerine Investment Fund's portfolio management team, already registered under 1832 Asset Management L.P., will continue to advise the Funds, but will surrender their dual portfolio advisor registrations under TIMI. TIMI will no longer serve as the investment fund manager or portfolio advisor for Tangerine Investment Funds and will apply to surrender its firm and individual registrations. State Street Global Advisors remains the sub-advisor of the Tangerine Core Portfolios.

Tangerine Investment Funds Limited will continue to be the sole distributor of the Tangerine Investment Funds. Clients may contact the Tangerine team at [email protected] for any additional information.

Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus before investing. Mutual fund securities are not covered by the Canada Deposit Insurance Corporation or by any other government deposit insurer. There can be no assurances that the fund will be able to maintain its net asset value per security at a constant amount or that the full amount of your investment in the fund will be returned to you. Past performance may not be repeated.

Tangerine Investment Funds are managed by 1832 Asset Management L.P. and are available only by opening an online Investment Fund Account with Tangerine Investment Funds Limited. These firms are wholly owned subsidiaries of The Bank of Nova Scotia . Tangerine Investment Funds Limited is the principal distributor of the Tangerine Investment Funds.

The Tangerine Investment Funds are comprised of:

Tangerine Core Portfolios: Tangerine Balanced Income Portfolio, Tangerine Balanced Portfolio, Tangerine Balanced Growth Portfolio, Tangerine Dividend Portfolio, Tangerine Equity Growth Portfolio
Tangerine Global ETF Portfolios: Tangerine Balanced Income ETF Portfolio, Tangerine Balanced ETF Portfolio, Tangerine Balanced Growth ETF Portfolio, Tangerine Equity Growth ETF Portfolio
Tangerine Socially Responsible Global Portfolios: Tangerine Balanced Income SRI Portfolio, Tangerine Balanced SRI Portfolio, Tangerine Balanced Growth SRI Portfolio, Tangerine Equity Growth SRI Portfolio
Tangerine Money Market Fund

Scotia Global Asset Management ® is a business name used by 1832 Asset Management L.P., a limited partnership, the general partner of which is wholly owned by Scotiabank. Scotia Global Asset Management offers a range of wealth management solutions, including mutual funds, ETFs, liquid alternatives, private asset funds and customized investment solutions for institutions and managed asset programs. For more information, please visit www.scotiagam.com .

Scotiabank's vision is to be our clients' most trusted financial partner, to deliver sustainable, profitable growth and maximize total shareholder return. Guided by our purpose: "for every future," we help our clients, their families and their communities achieve success through a broad range of advice, products and services, including personal and commercial banking, wealth management and private banking, corporate and investment banking, and capital markets. With assets of approximately $1.4 trillion (as at January 31, 2024 ), Scotiabank trades on the Toronto Stock Exchange (TSX: BNS) and New York Stock Exchange (NYSE: BNS). For more information, please visit http://www.scotiabank.com and follow us on X @Scotiabank.

SOURCE Tangerine

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Pullman-Moscow Regional Airport Plans Major Expansion

“The Moscow and Pullman area is very resilient,” Kevin Mulcaster, consultant with Mead and Hunt for the Pullman-Moscow Regional Airport said.

At an open house exhibit on Thursday night at the Best Western University Plus Inn in Moscow, the Pullman-Moscow Regional Airport (PMRA) showcased plans to open a new airport terminal by the winter of 2023.

The new terminal will feature a multi-level building, more parking, a welcome center representative of the Palouse, allow for more expansion in the future, improve employment, encourage education and tourism and allow for the possible addition of more airlines to service the area. It will also mitigate the undersized security in the existing terminal and will have enough space to accommodate a larger passenger demand.

The whole project is estimated to total 49.2 million dollars. The PMRA has received 42 million dollars in federal funding from the CARES Act funding and the FAA AIP Program for the completion of the new terminal.

With the recent completion of the runway realignment program in 2019, the airport has decided that Pullman, Moscow and the surrounding areas on the Palouse have outgrown the existing PMRA terminal, which was built in 1990, due to exponential passenger growth. In 2009, they enplaned 30,128 passengers and in 2019 they enplaned 70,061 passengers.

With plans for construction to start on the new terminal this year and be completed by the end of 2023, the project will extend over two years.

Damon Smith, also a consultant with Mead and Hunt, explained that this project has been long in the making.

“We started talking about the need 10 years ago,” Smith said.

Smith said that the new terminal will serve not only Moscow, Pullman and the surrounding areas, but will be supported by local and out-of-town business people and majorly facilitate the travel of Washington State University and the University of Idaho athletic teams.

Due to COVID-19, the PMRA went from its normal four to five round trips to Seattle per day to three. Although their travel rates dipped, they expect their regular travel to be back to normal by 2023 when the new terminal opens.

Mulcaster explained that when they started to plan the new terminal in the midst of COVID-19, they looked at the attacks on Sept. 9, 2001 and the great recession in 2008 in relation to the Palouse and surrounding communities. He said that Moscow and Pullman recovered much faster than the rest of the nation after those events. Because of the community’s history of bouncing back after these two historical events, Mulcaster said they are confident that the community will do the same again after COVID-19, leading to future growth for the airport.

In addition, a statement on the PMRA website explained that all indicators point to growth for the airport.

“This growth is attributed to the continued economic growth of the region, the improved all-weather reliability of the Airport resulting from the runway realignment program, the anticipated addition of twice daily non-stop jet service to Denver, and potential for additional destinations being added to other Northwest cities,” the statement said.

To find more details, visit http://www.flypuw.com/

Find the PMRA statement here: http://www.flypuw.com/wp-content/uploads/2021/03/Draft-terminal-open-houseFinal.pdf

Anna Hadfield

Anna Hadfield is a sophomore at the University of Idaho majoring in journalism and minoring in communications. She arrived in Moscow from Alaska in 2019 and is excited to serve the Moscow community and Palouse!

The NFL's annual meeting is happening now. Here are 6 firms that stand to win if the league opens its doors to new investors.

The NFL's 32 owners are meeting now in Orlando, Florida.
They plan to weigh whether to allow institutional investors to buy passive stakes.
Here are 6 private equity firms that stand to benefit if the NFL changes its rules.

Each spring, the owners of the 32 NFL teams get together to discuss a variety of topics, such as where the Super Bowl will take place. This year's meeting is being closely watched by Wall Street because of a planned discussion about whether to start letting team owners sell stakes to private-equity firms and other institutional investors.

Currently, the NFL only sells stakes to wealthy individuals . But skyrocketing team valuations are making it hard for anyone but the richest of the rich to participate. The Tennessee Titans, for example, are now worth $4.4 billion, up 26% from last year, according to Forbes.

At this year's meeting — taking place in Orlando, Florida, from March 24 - 27 — the team's owners are expected to discuss whether to allow institutional investors, such as venture firms and private equity funds, to buy passive stakes in teams. The NFL is currently the only one of the big 4 professional sports leagues to forbid fund investments. The NBA and NHL allow fund investments of up to 20%, and a fund can own as much as 15% of an MLB team, according to Sportico .

A rule change would give NFL team owners more options to sell, explained Arun Muralidhar, chairman and founder of Mcube Investment Technologies, which develops modeling and other software tools for investment professionals. Under the current rules, owners looking to sell risk becoming "stuck" unless they can find "the one person who wants this as a trophy asset," Muralidhar said.

If the NFL changes the rules, there stand to be winners and losers, especially if the league seeks to regulate which institutional investors can invest.

"We expect that the NFL will perhaps have a pre-approved list of private equity firms or criteria around fund size, history, financial stability, current holdings," Mohit Pareek, a principal at investment bank Drake Star Partners. "That will limit the number of funds that can currently invest."

The NFL's director of communications, Tim Schlittner, declined to comment on potential regulations when BI reached out last week, saying: "There will likely be discussion on private equity at the meeting next week, but there is no proposal, and no vote is expected."

So who stands to benefit if the NFL owners agree to a rule change? Will it be the Blackstones of the world or niche private-equity players that specialize in sports investments?

The sports investing experts who spoke to BI pointed to private-equity firms with established histories in sports investing, like Dyal HomeCourt, Arctos Partners, and RedBird Capital . According to Muralidhar, many private-equity industry giants "are late to the game," and could find themselves excluded as a result.

But Jonathan Lutzky, head of sports, media, and entertainment at investment firm 777 Partners, thinks some of the more established private-equity firms could still benefit because higher NFL valuations may require larger amounts of capital to complete transactions. Lutzky also thinks a rule change could prompt more financial industry newcomers to try to break into the world of sports investing .

"Sports as an asset class is a big money maker," added Pareek. "Once labeled trophy assets, sports investments have quickly turned into an institutional-grade asset."

See BI's list of private-equity firms that could benefit from an NFL rule change, according to 6 finance experts and industry insiders, from bankers to investment advisors:

Arctos Sports

Arctos Sports was cited by BI's experts as an obvious choice for an NFL partnership because of its focus on sports investing. The firm managed $6.6 billion in assets as of the end of 2022, according to its latest regulatory filing. It's invested in many popular professional sports teams, including the NBA's Utah Jazz, the MLB's Boston Red Sox, Houston Astros, San Francisco Giants, and Los Angeles Dodgers, and the NHL's Tampa Bay Lightnings, according to press releases and news reports.

The Texas-based private-equity firm has also reportedly made investments in Harris Blitzer Sports and Entertainment, led by David Blitzer, Blackstone's global head of tactical opportunities group, and Josh Harris, the co-founder of Apollo and new investment group 26North. Harris Blitzer Sports and Entertainment purchased the Washington Commanders for $6.05 billion last year, the largest purchase of any NFL team . Arctos did not return a request for comment.

Ares Management

Since its founding in 1997, Ares Management has accumulated $419 billion in assets, according to its website. The private-equity firm in 2022 launched a $3.7 billion fund focused on sports and media investments. The fund launched with 19 investments, including MLB's San Diego Padres, British motor-racing team McLaren Racing, and Major League Soccer's Inter Miami CF , according to news reports and press releases.

Last year, Ares reportedly invested $75 million into Inter Miami CF, bringing its total investment to $225 million after the team signed soccer legend Lionel Messi .

An Ares Management spokesperson declined to comment for this story.

Dyal HomeCourt Partners

Dyal HomeCourt Partners launched in 2021 as the sports investing platform of Blue Owl Capital, a private-equity firm with over $165 billion in assets under management, according to its website.

Dyal Homecourt Partners practice has stakes in NBA teams like the Atlanta Hawks and the Sacramento Kings and has seen a massive windfall from its investment in the NBA's Phoenix Suns. The firm invested in the Suns in July 2021 at a $1.55 billion valuation before mortgage executive Mat Ishbia purchased it in 2023 for a reported $4 billion, according to press reports. The sale represented a 150% return on its investment in less than two years.

It now reportedly looking to be part of Alex Rodriguez's partnership to purchase the Minnesota men's and women's basketball teams, the Timberwolves and Lynx.

Blue Owl declined to comment.

RedBird Capital

RedBird Capital, with $10 billion in assets, according to its website, has become a power player in the sports private-equity industry since it was founded in 2014. It has a stake in the Fenway Sports Group, which owns the Liverpool FC soccer club , the Boston Red Sox baseball team, and the Pittsburgh Penguins hockey team. It also purchased AC Milan soccer club for a reported $1.2 billion in 2022.

The firm works with some of the biggest stars in the sports world: it counts former AC Milan soccer legend Zlatan Ibrahimovic as an operating partner and is reportedly working with LeBron James to bring an NBA franchise to Las Vegas. The firm also has stakes in LeBron's SpringHill Company media firm, according to a press release.

RedBird also has a relationship with the NFL, announcing a partnership in 2023 to deliver exclusive rights to stream out-of-market NFL games in commercial venues like bars and restaurants.

RedBird did not respond to a request for comment.

Silver Lake

Silver Lake , with $101 billion in assets and committed capital, according to its website, is a private-equity giant that made its name in tech investing. In recent years, it's announced some big sports investments.

In 2019, the firm purchased a stake in the City Football Group, a holding company that owns 12 soccer teams and related assets around the world, including Manchester City and New York Football Club, following up with a second investment in 2022, according to press releases. In 2022, it took a stake in New Zealand rugby team the All Blacks, the first private-ownership of the formerly entirely publicly owned team, according to its website. It's also an investor in Endeavor, an entertainment company which recently became the majority owner of World Wrestling Entertainment , WWE. Endeavor also owns the Ultimate Fighting Championship, UFC.

Silver Lake did not respond to a request for comment.

Sixth Street

Sixth Street , a San Francisco-based investment firm with $75 billion in assets under management, according to its website, has invested billions in sports over the last few years. Last year, the firm spent $125 million to co-found Bay FC, a California-based National Women's Soccer League franchise, according to press releases. It has also announced stakes in NBA team the San Antonio Spurs , and in dueling soccer clubs FC Barcelona's media rights and Real Madrid's stadium business, proving that private-equity capital can smooth over any rivalry. Most saliently, it partnered with subsidiaries of the New York Yankees baseball team and the NFL's Dallas Cowboys to acquire Legends— a sports and merchandise giant, according to a joint press release.

Sixth Street declined to comment.

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Moscow International Business Center (Moscow City)
255m tall, 54 floors. Completed in 2015. Architects: Philip Nikandrov and RMJM Scotland Ltd. Evolution is Moscow City's most recognisable tower, and the 11th tallest building in Russia. Its façade is a true architectural marvel, comprising continuous strips of curved glazing spiralling high into the sky.
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Bank Business Plan Template

Bank Business Plan

What Is a Business Plan?

Why You Need a Business Plan

Sources of Funding for Banks

Finish Your Business Plan Today!

Executive Summary

Company Overview

Industry Analysis

Customer Analysis

Finish Your Bank Business Plan in 1 Day!

Competitive Analysis

Marketing Plan

Operations Plan

Management Team

Financial Plan

Income Statement

Balance Sheets

Cash Flow Statement

Bank Business Plan Template FAQs

How Do You Start a Bank Business?

OR, Let Us Develop Your Plan For You

Other Helpful Business Plan Articles & Templates

How to Write a Business Plan to Start a Bank

Bank Business Plan Checklist

Sample Business Plan for Bank

Executive Summary

Industry Analysis

Customer Analysis

Competitive Analysis

1. National Banks

2. Regional Banks

3. Community Banks

4. Online Banks

Market Research

Operations Plan

Management Team

Financial Projections

Select the Legal Framework for Your Bank

Keys to Success

Customer Satisfaction

Operational Efficiency

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Frequently Asked Questions

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How To Write a Business Plan for Bank in 9 Steps: Checklist

Conduct Market Research And Analysis

Tips for Conducting Market Research and Analysis:

Determine The Target Market And Customer Profile

Tips for determining the target market and customer profile:

Identify And Analyze Potential Competitors

Perform A Feasibility Study

Define The Unique Value Proposition And Competitive Advantage

Tips for Defining Your Value Proposition and Competitive Advantage:

Develop A Comprehensive Financial Plan

Establish Strategic Goals And Objectives

Define The Organizational Structure And Management Team

Obtain Necessary Licenses And Regulatory Approvals

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HOW TO WRITE A BANK BUSINESS PLAN: Simple Steps & All You Need (+ Template)

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Simple Steps on How to Write a Bank Business Plan

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SUPPORTED LIVING BUSINESS PLAN: Template And How to Write One

Writing a Bank Business Plan

What is a Business Plan?

Why Write a Business Plan

Sources of Business Funding for Banks

Resources to Write a Bank Business Plan

Sample Plans for Your Business

Business planning software

Market Research

Industry Analysis

Target Market Analysis

Competition Analysis