Talking to my cousin normie ish but knowledge of finance
He said it’s an interesting find
Long game:
Smart foreign investor buys tiny US Stated Chartered Bank with low deposits and clean balance sheet.
Let's it seed / vest (think back stop / back story or having a paid telephone bill using a rural address for 10-15+ years).
At the right time, work offshore deal to sell said Bank to foreign entity who otherwise would be completely unqualified to start a Bank in the US. Think Criminal or Fraudster.
Use shell company like FBH to buy the Bank and transfer charter / licenses to New Bank.
New Bank under new ownership applies for FED access.
Criminal / Fraudster then invests in New Bank after the FED approval.
SBF now has controlling interest in a small New Bank with FED (think international wire) access without having to apply for bank license.
Talking to my cousin normie ish but knowledge of finance
He said it’s an interesting find
Long game: