News Topic: De novo banks

A task force created by the American Bankers Association asserts that applying for a bank charter is too time-consuming and that some de novo rules are too rigid. ... Read full article

At least six groups are exploring opening new banks in the state, which is enjoying an economic recovery and has a dearth of local financial institutions. ... Read full article

Organizers of Dogwood State Bank want to open Raleigh's first new bank since the financial crisis. ... Read full article

Organizers of Gainey Business Bank, a bank planned in Scottsdale, received approval from the state's banking regulator to raise capital while completing a charter application. ... Read full article

The North Carolina city lost all its locally owned banks, but a fintech push and more favorable economics for de novos could lead to an entry-level resurgence. ... Read full article

Moxy Bank would focus on low- and moderate-income depositors in the nation's capital, while operating a lending platform in North Carolina. ... Read full article

Branding can help define a de novo's strategy — and be costly and confusing to change if not done well. ... Read full article

VisionBank is the second de novo effort that would focus on the nation's capital. ... Read full article

Nelnet’s planned bank would be an online enterprise focused on gathering deposits and making private student loans. ... Read full article

Spirit Community Bank would be the first new bank in North Carolina since 2009. ... Read full article

The Virginia bank has submitted the paperwork for Carolina State Bank, adding to the list of groups looking to open the state's first de novo since 2009. ... Read full article

Studio Bank is set to become Nashville's first new bank since 2008. Organizers raised $46 million earlier this year. ... Read full article

A lack of talent, capital and good business planning proved fatal for bank organizers in California and Georgia. ... Read full article

Organizers of CommerceOne Bank are one step closer to a planned opening this summer. ... Read full article

A group in North Carolina has finally gone public with its brand, and three other de novos have already been rebranded. ... Read full article

Blue Gate Bank, which opened in January 2017, is being sold to Big Poppy Holdings. ... Read full article

More than a third of banks formed from 2006 to 2008 no longer exist. Leaders of three banks still in business share their tips on how they have remained open — and relevant. ... Read full article

Seneca-Cayuga Bancorp wants a limited-use charter to maneuver around a New York law that bars mutuals from working with municipalities. ... Read full article