In 2017, the FDIC held a series of programs across the country regarding the Deposit Insurance application process. In addition: (1) the OCC has been evaluating over the past two years a limited purpose charter for Fintech companies; (2) several states have considered legislation providing for new limited purpose bank charters; and (3) applicants have applied to form industrial loan companies in one of the states in which they are permitted and have prepared applications for federal deposit insurance. This webinar will discuss whether it makes sense for a non-bank financial services provider to seek to organize an insured depositary institution, what the process is to do so, what challenges an applicant will face and what alternatives might be available.

Topics include:

  • The key components of the deposit insurance application.

  • The choice of which entity to form.

  • The preemption benefits available to the holder of a financial institution charter.

  • Timing, capital requirements and alternatives.

Date & TIme

Thursday, July 12, 2018
12:00 PM - 1:00 PM ET


Alan S. Kaplinsky
Practice Leader
Consumer Financial Services


Jeremy T. Rosenblum
Practice Leader
Consumer Financial Services

Scott A. Coleman
Banking and Financial Services

Scott M. Pearson
Consumer Financial Services Litigation

This program is open to Ballard Spahr clients and prospective clients. There is no cost to attend. This program is not eligible for CLE credits.

Please register at least two days before the webinar. Login details will be sent to all approved registrants. For more information, contact Daniel Martin at