De novo banks

VisionBank files application to open in Washington

10/24/18

Organizers plan to raise $25 million to $35 million in initial capital to focus on small and midsize businesses in northern Virginia.

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BNY Mellon raids BofA, embattled CFPB aide, Anne Finucane's challenge: Top stories of the week

10/05/18

BNY Mellon snags tech exec from Bank of America as CTO; dissent spreads at CFPB over top aide's writings; Anne Finucane ready to lead BofA's European operations; and more from this week's most-read stories.

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Michigan de novo receives FDIC approval to open

10/04/18

MiCommunity Bancorp would be the first bank to open in Michigan in 10 years.

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FDIC transparency plan seeks to open its inner workings to public

10/03/18

A new agency webpage has information on nearly every aspect of the agency's operations, including de novo applications, bank exams and failures.

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Floodgates open? De novo applications surge at FDIC

10/03/18

Applications this year are more than double the 2017 mark and the most since 2009. But with some fintechs withdrawing their bids, observers are urging caution.

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National loan servicer applies to form a bank

10/01/18

AmeriNational Community Services plans to form an industrial bank in Nevada.

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Why this fintech pulled its FDIC charter application

09/27/18

Colin Walsh, Varo Money's CEO, learned a lot from his first stab at deposit insurance. Lesson one: Work with one regulator at a time.

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Nelnet withdraws application for industrial loan charter

09/26/18

The student loan servicer called the move a "temporary step back" in what it had expected to be a lengthy process.

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Oklahoma City de novo effort receives regulatory approval

09/18/18

Organizers of Watermark Bank aim to open early next year.

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Fintech out to start national bank clears one hurdle but faces more

09/12/18

Varo Money just received conditional approval from the OCC. Now it has to raise capital, create a CRA plan and get a go-ahead from the FDIC.

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