A group of six investors wants to open a new bank.In their application to the Comptroller of the Currency,they discuss that there are six banks already existing in the community and that the largest of these has just acquired one of the smaller banks.These six banks do a moderate amount of advertising in the community.There is also one credit union that has one office and a savings bank that has two branches on the east side of town.Growth in the community is to the west.Which decision factor are the investors discussing for seeking a new charter?

Question

Quizplus · Accepted Answer

The investors are discussing the strength and character of the local competition, as they mention the number of existing banks, a recent acquisition, and the presence of a credit union and a savings bank.

A Group of Six Investors Wants to Open a New