Ingrid White

This is Planet Money from NPR.

This is Planet Money from NPR.

So congratulations and good luck and we'll be here when to regulate you and also answer questions for you and help you get going. And then they cut the ribbon.

So congratulations and good luck and we'll be here when to regulate you and also answer questions for you and help you get going. And then they cut the ribbon.

I also like a good cheese platter and soup with cheese or anything having to do with cheese. You know, I'd be happy to eat it. Totally.

I also like a good cheese platter and soup with cheese or anything having to do with cheese. You know, I'd be happy to eat it. Totally.

They reached out to us and our federal counterpart, the FDIC, to, like, discuss with us their plans for opening a bank.

They reached out to us and our federal counterpart, the FDIC, to, like, discuss with us their plans for opening a bank.

If none of them had ever been involved in a bank before... we probably would not be interested in chartering that bank because the likelihood that they're going to be successful at it is kind of low.

If none of them had ever been involved in a bank before... we probably would not be interested in chartering that bank because the likelihood that they're going to be successful at it is kind of low.

Not the real one yet. I mean, the application is very lengthy. Maybe hundreds of pages of documentation. What's your feeling when you first get that big pack of paper?

Not the real one yet. I mean, the application is very lengthy. Maybe hundreds of pages of documentation. What's your feeling when you first get that big pack of paper?

And also that they're not proposing to do something that a bank cannot be doing.

And also that they're not proposing to do something that a bank cannot be doing.

So, for instance, a bank can't go out and start running a tractor company legally. Or, you know, unusual things like that.

So, for instance, a bank can't go out and start running a tractor company legally. Or, you know, unusual things like that.

This is Planet Money from NPR.

So congratulations and good luck and we'll be here when to regulate you and also answer questions for you and help you get going. And then they cut the ribbon.

I also like a good cheese platter and soup with cheese or anything having to do with cheese. You know, I'd be happy to eat it. Totally.

They reached out to us and our federal counterpart, the FDIC, to, like, discuss with us their plans for opening a bank.

If none of them had ever been involved in a bank before... we probably would not be interested in chartering that bank because the likelihood that they're going to be successful at it is kind of low.

Not the real one yet. I mean, the application is very lengthy. Maybe hundreds of pages of documentation. What's your feeling when you first get that big pack of paper?

And also that they're not proposing to do something that a bank cannot be doing.

So, for instance, a bank can't go out and start running a tractor company legally. Or, you know, unusual things like that.