Yup, I'll probably do some banking with them if everything shakes out as described. Guess that might mean banking through a vpn.

My biggest concerns (aside from the risk of outright fraud and the much stronger possibility that they shot themselves in the foot by targeting $1 billion as an initial fundraising goal instead of something more feasible like $300 million) are: 1.) US regulators could block the sale of the bank, and 2.) the bank Arise plans to acquire might have major problems with its balance sheet that are not immediately apparent, which could expose the whole Arise project to serious liability. These things would be less concerning if Arise had a well-established banking industry insider on its team. But as things stand, I'm not convinced they're in possession of the specialized knowledge required for the level of due diligence called for by a deal of this size.

All that said, I still might buy into the ICO; ) But hell, I'm holding tezos, so obviously my judgment on such matters isn't great.