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If you are looking to buy a business or sell a business, GlobalBX can help you. GlobalBX is a free business for sale listing exchange that provides a confidential forum to facilitate the buying and selling of businesses with thousands of businesses and franchises for sale as well as comprehensive business information for business buyers and business sellers. Buy a business, sell a business, find a franchise for sale or franchise opportunity at GlobalBX. Click Here to access GlobalBX's full site. Businesses For Sale   >>   Business Services Businesses For Sale Categories   >>    Carpet Cleaning Business For Sale, Cleaning Business For Sale, Coin Laundry Business For Sale, Coin Op Laundry Business For Sale, Computer Service Business For Sale, Computer Repair Business For Sale, Construction Business For Sale, Dry Cleaners Business For Sale, Dry Cleaning Business For Sale, Laundry Business For Sale, Laundromat Business For Sale, Limousine Business For Sale, Printing Business For Sale, Print Shop Business For Sale, Security Business For Sale, Staffing Business For Sale, Storage Business For Sale, Towing Business For Sale

Acquisition Of Bank By Financial Services Company Location  United States Asking Price Range  $10.0M - $20.0M Gross Revenues  $6200000 Net Profit / Cash Flow  $800000 Cash Flow Type  EBITDA Seller Finance  Not Disclosed Year Established  1965 Number of Employees  20 - 34 Relocatable  No Number of Employees  20 - 34 Real Estate  Leased Reason for Sale  Seeking $12 million debt & equity financing. Description  Investment Highlights: **$51 million in assets with $6.2 million in retained earnings **Bank in business 42 years **Current bank president 35 years tenure with bank **Bank VP is a CPA with 23 years tenure with bank **5-year average pretax earnings $782,000 **2007 midyear pretax earnings $832,000 **No exposure to subprime losses **Bank owns branch location real estate **Acquisition integrates with all current activity The Financial Services Company, headquartered in the state of Washington, is seeking $12 million in debt and equity financing to acquire a Midwest bank in order to diversify its business lines. Already a successful loan originator, contract processor, and settlement service provider in 30 U.S. states, The Company is adding a federally chartered single-branch conservative Midwest bank with an insurance subsidiary to its business holdings. Having survived the recent troubles in the mortgage industry, The Company will be able to leverage the licensing and assets of the bank to introduce new and existing customers to new product lines, thereby building value through proven cross-selling of products and services. The bank's federal charter will allow The Company to eliminate multiple state licensing requirements for its originators, which will greatly enhance the already vibrant growth. The Company will begin deploying its on staff experts to build a web portal to enable offering online banking and insurance services, and is planning to open a Washington state branch of the bank in 2008. The bank is located in the Midwest and specializes in serving its small business and farming community. The bank is a perfect fit for this Financial Services Company, which is already situated in a community built on small business and surrounded by agricultural-related activities. Click Here To Contact Seller      For more business opportunities like this go to: http://www.globalbx.com

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