His head is in the clouds. Although, the idea of starting a bank in the middle of a downturn is not bad. People are saving more money than usual right now (cheap capital), and many businesses are desperate for loans. The trick is to weed out the failing businesses, and loan to the ones strong enough to last the downturn. As always, easier said than done...

If anyone out there is looking for a "nice" bank, you're much better off with a credit union. Credit Unions are by definition customer focused.