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Ever wondered what it takes to build a bank from the ground up in less than a year? Join us as we sit down with Corey LeBlanc, co-founder of Locality Bank, who managed this incredible feat in Miami for under a million dollars. Corey shares his remarkable journey, from overcoming regulatory obstacles to raising capital, and how his background in the Air Force surprisingly prepared him for the structured world of banking. This conversation is packed with insights that anyone in the fintech and banking sectors will find invaluable, especially those passionate about community banking.

Relationships are the backbone of the banking industry, and this episode underscores their critical importance. We discuss with Corey and other industry leaders how seasoned executives and strong networks can navigate the complexities of obtaining a banking charter. Learn how reputation and relationships can fast-track progress and foster innovation, even amidst post-2009 regulatory challenges. Discover our mission to revive community banking by blending local decision-making power with modern technological advancements.

The decline of community banks in America is a pressing issue, and we explore its impact on local markets like Broward County in South Florida. Corey sheds light on the challenges these banks face and the potential for modernization through innovative tech solutions. From strategic decisions in building a tech stack to managing partnerships and contracts, we delve into the intricacies of launching a banking startup. This episode is a goldmine of practical advice on balancing development costs, maintaining customer trust, and successfully navigating the fintech landscape. Don’t miss out on these invaluable lessons.

Hosts: Sam Maule & Maia Bittner