Capital

Billie Jean King invests in Chicago de novo effort

03/24/21

The tennis legend will also serve as a strategic adviser on gender equality issues and First Women's Bank, which will be mostly owned and run by women.

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Mutuals say latest stimulus effort highlights need for capital reform

03/22/21

The depositor-owned banks are discouraged from participating in the Emergency Capital Investment Program because they can't issue preferred stock to back loans for underserved communities. It's another reason to overhaul their capital rules, mutuals argue.

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RockPoint Bank cleared to open in Tennessee

03/19/21

The de novo, which raised $33 million in initial capital, will become the state's third new bank since the 2008 financial crisis.

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Florida banking veteran planning de novo

03/18/21

Keith Costello, who is looking to form Locality Bank, was president and CEO of First Green Bank when it was sold in 2018.

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FDIC approves Florida de novo that will focus on Latino customers

03/15/21

Organizers of the proposed Our Community Bank have received conditional approval that requires them to raise $18 million before opening.

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Florida money transfer company files to form digital bank

03/15/21

Payservices would use deposits largely to support its existing business. It has no plans to make loans.

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Regionals aren’t rushing to repurchase shares

03/09/21

Comerica, Regions and KeyCorp executives say their companies will proceed with caution despite the green light from the Federal Reserve to buy back stock in case they have to cover a surge in loan growth as the economy recovers.

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'Change in the air': Competition to serve unbanked at fever pitch

03/04/21

Six startups that seek to cater to Black and Hispanic consumers outside the financial mainstream are attracting heavy interest from investors. However, the new banks will vie with megabanks eyeing those same customers and with established minority-owned institutions suddenly brimming with new capital.

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