News Topic: De novo banks

Watermark Bank would focus on business banking and entrepreneurs, with technology and concierge services designed to target those customers. ... Read full article

Beacon Community Bank, which opened in January, raised $34 million through a private placement. ... Read full article

A group, led by former community bank CEO Dave Mallett, is planning Ohio State Bank in Columbus. ... Read full article

Tax reform and the need for new, tech-savvy banks to compete with fintechs are high on a growing list of factors encouraging investors to gamble on banking startups. ... Read full article

Green Apple Bank & Trust, which recently filed an application with regulators, plans to open in the western part of the state by the end of this year. ... Read full article

Organizers of CommerceOne Bank in Birmingham must raise at least $30 million before opening. ... Read full article

Organizers of Studio Bank in Nashville have raised more than $40 million, satisfying the minimum amount set by regulators. ... Read full article

A Virginia bank's decision to pursue a charter in North Carolina puzzles some observers, given the added complexity and costs. ... Read full article

The bank, which already offers mortgages through seven offices across North Carolina, is the fourth group to announce plans for a de novo in the state. ... Read full article

Gulfside Bank, which would be based in Sarasota, is angling to become southwest Florida's first new bank in a decade. ... Read full article

Organizers want to open the first new bank in Michigan since 2009, while a third group in Florida has filed a de novo application. ... Read full article

With substantial regulatory relief within reach, community bankers should use their clout to shape cybersecurity policy and ensure a level playing field for banks and nonbanks, retiring ICBA chief Cam Fine says. ... Read full article

Organizers in Winston-Salem are planning to raise at least $25 million to form Community Bank of the Carolinas. ... Read full article

Two groups have announced plans to open banks in the state, and several others have had talks with regulators. Is there room for more? ... Read full article

Spirit Community Bank is being planned in Statesville, a community located about 45 miles north of Charlotte. A separate set of organizers has already shared plans to open a bank east of Charlotte. ... Read full article

Organizers aiming to open a de novo just outside Charlotte say there's a need for a new community bank after several years of consolidation in the market. ... Read full article

The as-yet-unnamed bank, which would be based near Charlotte, N.C., would be led by Randy Helton, a former CEO at American Community Bancshares. ... Read full article

Additional consolidation would not strengthen the industry, but would instead leave consumers with less choice and reduced access to financial services. ... Read full article