It is really something that the customer won't see. Our proposal is to operate a small bank that will be housed in a sixth floor office suite.
Chairman Greenspan's lengthy letter is about the broader issue of regulation of Industrial Loan Corporations. We look forward to the (Federal Deposit Insurance Corporation) public hearing on our application to operate an industrial bank in Utah.
We are also grateful for this chance to help the public understand the purpose for the bank and that many corporations including Target, GM, and Toyota already operate industrial banks.