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Bank Holding Company For Sale

Location  Florida,United States
Asking Price Range  $5.0M - $10.0M
Gross Revenues  $18000000
Net Profit / Cash Flow  $73000000
Cash Flow Type  Sellers Discretionary Cash
Seller Finance  Not Disclosed
Year Established  1918
Number of Employees  50 - 99
Inventory  385000000
Relocatable  No
Number of Employees  50 - 99
Real Estate  Owned
Training  Yes.
Reason for Sale  Retire.
Description  We are a bank holding company that is looking to purchase a community bank in the southeast. At present we have definitive contracts on 2 community banks (FL,GA). Bank 1 has over $185,000,000 in asset and has not been issued a c & d from the FDIC, has very little in Oreo so there will be very little write down, the risk base capital is very low. Bank2 has over $250,000,000 in assets and also has not been issued a c& d from FDIC, it has about $18,000,000 in Oreo, and less then $2,000,000 in 1-4 family over 90 days and less then $3,000,000 in 1-4 family 30-90. We are also squiring a mortgage company that at present has a warehouse line of $50,000,000 that it is turning over every 10 days, that has its own servicing company. We could repay loan in 90 days but,would like 12-36 months and would give investor 10% of holding company and seat on board. We know that money could be paid by in 90 by using the bank platform of debt (not the public) were we could purchase whole loans and notes at discount and resell, also we would have a access to bank foreclosures at a reduced price (15-30% of write down price) and sale for a positive gain of 10-20% of purchase price. After loan is paid back investor will remain a 10% equity partner in holding company and 5% of the public traded company that is now trading on the pinks, but would move up to NASDAQ within 36-60 months of operations. We are looking to borrow $10,000,000. Email or call Darrel Calloway at 281-212-3181 for more information on this bank holding company for sale.
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