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Become a bank sponsor

Find guidance on how to become a wetland mitigation bank sponsor. A bank sponsor is any public or private entity responsible for establishing and, in most cases, operating a bank. We work in partnership with the U.S. Army Corps of Engineers to certify and regulate wetland mitigation banks in Washington. Learn about becoming a bank sponsor and establishing a wetland mitigation bank.

Step 1: Research

Research the business side of banking

Setting up a wetland mitigation bank is much like setting up a store. The first step would likely entail doing some initial research to ensure the store's success. Along with understanding the physical and biological conditions that make a bank site suitable, here are some additional items to consider:
  • Do local jurisdictions in the watershed allow wetland mitigation banks to be used to offset wetland impacts?
  • Is the site appropriate for a bank? See our Guidance for watershed/landscape-based approach section on our Templates and guidance page.
    • What does the site look like now and what activities would be needed to make it a bank?
  • Is the site large enough to generate enough credits to make it viable?
  • Do sponsors have the necessary qualifications to perform the actions or will consultants need to be hired?
  • Do sponsors have the money to make a bank site that is ecologically appropriate and sustainable?
  • Is the bank being set up for personal use or will it be used to sell credits to make a profit? And if you did have a bank site with credits to sell, are their buyers?
  • After construction, what type of on-going maintenance and monitoring will the bank need?

Step 2: Investigate Step 3: Propose