Off the shelf bank deal was from New York

When news spread last week that a group of Naples investors had acquired all the assets and deposits of failed Premier American Bank in Miami, local bankers wondered who that was.

It turns out the buyer, Bond Street Holdings, is really a New York-based company and some of its principals spend time in Naples.

In fact, the New York investment firm had filed a “shelf charter” last year with the Office of the Comptroller of the Currency. Such a charter is a new mechanism that involves the OCC granting preliminary approval for a national bank charter.