De novo banks

VisionBank files application to open in Washington


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


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


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.


Michigan de novo receives FDIC approval to open


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


FDIC transparency plan seeks to open its inner workings to public


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


Floodgates open? De novo applications surge at FDIC


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.


National loan servicer applies to form a bank


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


Why this fintech pulled its FDIC charter application


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.


Nelnet withdraws application for industrial loan charter


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


Oklahoma City de novo effort receives regulatory approval


Organizers of Watermark Bank aim to open early next year.


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


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.