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De Novo Bank Engages Bankmark.


GEORGETOWN Georgetown, city, Guyana
Georgetown, city (1985 est. pop. 75,000), capital and largest city of Guyana, on the Atlantic Ocean at the mouth of the Demerara River.
, Ky. -- Bankmark announced today that it has a new client, Bluegrass bluegrass, any species of the large and widely distributed genus Poa, chiefly range and pasture grasses of economic importance in temperate and cool regions. In general, bluegrasses are perennial with fine-leaved foliage that is bluish green in some species.  Community Bank (In Organization) in Kentucky Kentucky, state, United States
Kentucky (kəntŭk`ē, kĭn–), one of the so-called border states of the S central United States. It is bordered by West Virginia and Virginia (E); Tennessee (S); the Mississippi R.
. The Organizers and Officers of the Bank hired the firm to assist with the completion of their IPO (Initial Public Offering) The first time a company offers shares of stock to the public. While not a computer term per se, many founders, employees and insiders of computer companies have found this acronym more exciting than any tech term they ever heard.  and preparation for opening.

John Kreighbaum, having recently joined the project as President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , is enthusiastic about working with the new firm. "We all know the cliche that 'dreams do come true' and success often comes to those that dare to act. After two years of working with other consulting firms Noun 1. consulting firm - a firm of experts providing professional advice to an organization for a fee
consulting company

business firm, firm, house - the members of a business organization that owns or operates one or more establishments; "he worked for a
, the organizers decided in early January to bring in a new President/CEO, and invited me to be that person. A few weeks ago the organizers dared to act again and made the decision to engage Bankmark. Dan Hudson and his team have been a powerful force in the short time they have been involved in our project in helping us to imagine, visualize and move decisively in targeting not just our minimum capital, but the maximum. Indeed I have treasured every moment of our short journey together, and have come to understand that success with our capital offering will become reality."

John, as a veteran of the de novo [Latin, Anew.] A second time; afresh. A trial or a hearing that is ordered by an appellate court that has reviewed the record of a hearing in a lower court and sent the matter back to the original court for a new trial, as if it had not been previously heard nor decided.  bank process, quickly realized the organizers needed a level of expertise not present in the mix of experts the bank had previously engaged, and agreed that a new consultant was needed. Since bringing Bankmark on board two weeks ago, Bluegrass Community Bank (IO) has already increased their capital position, and is looking toward the successful completion of their capital campaign.

Bankmark is part of the Nubank group of companies, and specializes in the de novo bank environment. The firm offers expertise in organizer selection, application preparation, vendor selection, director training and capital acquisition, and has opened 134 banks in 26 years. Bluegrass Community Bank (IO) will serve as a full-service financial institution offering a variety of products and services to individuals and small-to-medium-sized businesses in the Georgetown area. The Bank intends to raise their required $8 to $10 million in equity capital in anticipation of a summer opening.

For more information about Bankmark and the Nubank group, please visit our suite of websites including www.startabank.com, www.denovobanks.com, www.bankipo.com and www.nubankinfo.com.
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Publication:Business Wire
Date:Mar 30, 2005
Words:375
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