In EU, I think one of the requirements is a minimal capital requirement. I can't remember the exact number, but something like 5 million EUR. I don't think mos

In EU, I think one of the requirements is a minimal capital requirement. I can't remember the exact number, but something like 5 million EUR. I don't think most of the small local banks could have started in the current environment, as I gather many of them were founded on a small community pooling their money to help each other and earn some money in return.