Justin5 20 Posted February 23, 2009 Share Posted February 23, 2009 http://www.cnbc.com/id/29349568 Bo Knows...Banking?Posted By: Darren Rovell Topics:Consumers | Endorsements | Media | Marketing | Advertising | Sports Sectors:Media I've seen athletes invest in a lot of things, but it's never really been "hot" to invest in a bank. That's why I was confused when I heard that former dual sport great Bo Jackson and Miami Dolphins Pro Bowl running back Ronnie Brown had become partners in starting up banks. To do this now given the state of the banking industry really has me scratching my head, although there's some rationale that starting a bank with no debt gives you a shot to succeed. Neither of them put up too much cash. Brown is on the board of the Broward Bank of Commerce in downtown Fort Lauderdale, which opened on Jan. 12. He is one of 10 board members who raised $3.1 million to start the bank. Jackson put up $550,000 along with 19 other investors to start a bank in Burr Ridge, Ill. The group hopes to raise more money in time for their approval by late March. We took a look at their Web site and we have to admit. It's a bit strange that there's a random guy with a tie on the front. If I were running this bank, I'd use Bo. Link to comment https://www.aufamily.com/topic/56570-bo-and-ronnie-to-start-a-bank/ Share on other sites More sharing options...
BZ770 2 Posted February 23, 2009 Share Posted February 23, 2009 I personally know a guy that used to be an insurance agent for ALFA who started a bank a few years ago with some investors. I thought that it was really hard but It can be done. Link to comment https://www.aufamily.com/topic/56570-bo-and-ronnie-to-start-a-bank/#findComment-583870 Share on other sites More sharing options...
eibua12 81 Posted February 23, 2009 Share Posted February 23, 2009 Niche market banks are very popular and highly profitable, not everyone needs to make billions. Another link Da link for Da Bank Link to comment https://www.aufamily.com/topic/56570-bo-and-ronnie-to-start-a-bank/#findComment-583898 Share on other sites More sharing options...
autigeremt 7,551 Posted February 23, 2009 Share Posted February 23, 2009 Good luck to them! Proud of them both. Link to comment https://www.aufamily.com/topic/56570-bo-and-ronnie-to-start-a-bank/#findComment-583900 Share on other sites More sharing options...
arnaldoabru 11 Posted February 23, 2009 Share Posted February 23, 2009 If they would wait, the would be able to pick up a few for pennies on the dollar. Link to comment https://www.aufamily.com/topic/56570-bo-and-ronnie-to-start-a-bank/#findComment-583901 Share on other sites More sharing options...
SouthLink02 8 Posted February 24, 2009 Share Posted February 24, 2009 Well, if there was ever a time that people are looking DOWN on most major banks....this is it Link to comment https://www.aufamily.com/topic/56570-bo-and-ronnie-to-start-a-bank/#findComment-583940 Share on other sites More sharing options...
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