Spring 2010 Case Competition Q&A

In the comments below, case competitors may ask questions to Jordan of CAST Management regarding the case. They will be answered until the announced deadline on Friday. Please note that all questions will be public information to the rest of the competing teams.

In order to ask a question please format your comment in the following manner:
Name:
Team:
Question:

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Submitted by Anonymous on Fri, 04/16/2010 - 4:24pm.

#1

What 12 states are the branches located in?

Submitted by Anonymous on Fri, 04/16/2010 - 1:36am.

#2

Name: Ray
Team: MACH 4 Consulting
Question: We just wanted to be clear that the $30,000 initial licensing and training fees from Blue and Gold Financial is a per branch fee.

Thanks! And good luck to everyone else!

Submitted by Anonymous on Fri, 04/16/2010 - 12:39pm.

#3

The $30,000 in initial licensing and training fees are not per branch. The $30,000 is a fixed flat fee.

Jordan, CAST Management Consultants

Submitted by Anonymous on Fri, 04/16/2010 - 12:01am.

#4

Name: Nick Strann
Team: Veritas Consulting
Question: What is the available capital that Bruin Bank has? How liquid is it?

Submitted by Anonymous on Fri, 04/16/2010 - 1:02pm.

#5

Bruin Bank has over $2 billion in cash according to its balance sheet dated December 31, 2009. From my experience working with Bruin Bank management, the company is willing to make investments of under $10 million assuming that it feels confident of a return on investment of at least 3-to-1.

Jordan, CAST Management Consultants

Submitted by Anonymous on Fri, 04/16/2010 - 10:43pm.

#6

What do you mean by 3:1? do you mean by that our annual return has to be 300%? Thanks

Submitted by Anonymous on Fri, 04/16/2010 - 10:27pm.

#7

What time frame does 10 million investment cover?