WAMU deal with Arise Bank.......maybe so.
Notice that Jared Rice Sr., a co-founder and current CEO of AriseBank did not say anything about 'numerous Bank Branches/locations' as would normally be the case for a Bank merger.
How many other 'over a century old' 'Banks' with many certifications and licenses [the subs] are there that have not already been acquired. WaMu was just short of 120 years old.
"The bank we are acquiring has hundreds of banking partnerships across the world and many certifications and licenses."
Dallas, TX - AriseBank announced that they have reached an agreement with an FDIC insured bank, that has been operating in the United States for over a century, that they will acquire them before the end of the year. This comes on the heels of their record ICO launch, where AriseBank plans to raise one billion dollars, which would end up being a record in the ICO investment space.
We are very excited to be at the forefront of history today. We feel like this was going to happen eventually and wanted to get the process started for the industry as a whole. There are certain people who may disagree with this move but, it has to happen eventually. The bank we are acquiring has hundreds of banking partnerships across the world and many certifications and licenses that make sense when it comes to interacting with our decentralized cryptocurrency platform, said Jared Rice Sr., a co-founder and current CEO of AriseBank.