Buying a Failed Bank: Opportunities and Pitfalls
David Rom, Chief Executive Officer, President and Director, Platinum Bank, will participate at Private Equity Leaders Forum 2009, "Buying a Failed Bank: Opportunities and Pitfalls" (http://www.PrivateEquityLeadersForum.com)
Mr. Rom became a founder of the only new Minnesota bank approved in 2006 after an extraordinarily diverse 15-year career in public accounting and banking, his experience ranging from balance sheet reviews of failed S&Ls on the auction block to audits and regulatory projects at community banks in the Midwest and South. He has worked in mergers & acquisitions due diligence for the purchase of distressed community banks. He has served as CFO in several privately owned banks, managing millions of dollars and developing his vision of how a respected business bank should operate.
After pursuing the traditional route of bank ownership for a year by courting existing bank owners, Mr. Rom focused on his connections in the banking world, forming a partnership of trusted local colleagues. Upon raising $9.9 million in start-up capital from 100 individual investors and meeting regulatory requirements, Mr. Rom and his partners opened Platinum Bank in Oakdale, Minnesota, on February 12, 2007. Mr. Rom has received a B. S. in Accounting from Saint John's University, Collegeville, Minnesota.
Sponsors are invited to contact GoldenNetworking.com by sending an email to info@goldennetworking.com to receive Private Equity Leaders Forum 2009's Sponsorship Package. This forum is produced by GoldenNetworking.com, the premier networking community for businessmen, entrepreneurs, professionals and diplomats, to experience what’s hot, new and next. GoldenNetworking.com has been frequently featured in the press, including a recent article in The New York Times, "GoldenNetworking.com Helps Job Seekers Make Overseas Connections"
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