Banclist

Description

• Non-publicly held banks are facing increasing risks when they maintain a private list of their shareholders. Sharing unpublished information about the banks stock with a few shareholders exposes the bank, its management and directors to potentially serious liability. Simply answering one shareholders question without notifying every shareholder with the same information puts the bank at risk. The threat and penalty of litigation can affect the banks reputation and financial performance. In some cases banks can face civil and criminal penalties. One of the fastest growing bank services companies today, BancList (BL) provides privately held financial institutions and their shareholders (and other authorized users) with an easy-to-use web-based posting service that replaces the list. BL lets shareholders post notices of their intent to buy or sell their bank stock and keeps the bank out of the negotiation process the way transactions are supposed to occur. Not only does BL provide a risk mitigation service for banks by replacing the list, it helps banks enhance shareholder value and provides banks with even more information about what is happening with their shares. BL bank clients receive automatic email alerts every time someone posts a notice, which keeps them aware of active negotiations. BL is not a broker dealer and does not ask for a list of your shareholders. BL never interferes with the relationship between bank clients and their shareholders. BL does not collect broker fees for its services. BL clients pay an annual subscription fee based on the asset size of the financial institution.
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  Headquarters:Po Box 2653 , Brentwood, Tennessee, United States

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  Phone Number: +1 877-257-0854

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  Website: https://www.banclist.com

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  Employees:2

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  Revenue:$0 - 1M

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  Legal Name:Banclist

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• |  NAICS Code: 523110  |

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