Good luck developing all the software and infrastructure needed for online banking, card processing, all the compliance paperwork, etc. with just a million per

Good luck developing all the software and infrastructure needed for online banking, card processing, all the compliance paperwork, etc. with just a million per year. Remember that any time something with your online banking goes wrong it turns into a customer support call, which isn't just frustrating for the customer but also expensive for you. Also, why would I bank with a bank with hacky online banking that charges me $240/year when I can have the same for free at one of the many fintechs? > Could a single person with a few part-time contractors run a bank of this nature? You have 4000 customers. If each of them has one customer support contact per year (your website better work well!) that's 11 calls per day or ~20 per working day.