News Topic: De novo banks

Readers react to USAA teaming up with Amazon’s Alexa, how a new Wells Fargo’s scandal could affect arbitration rules, a digital identity startup’s ambitions, and more. ... Read full article

The South Pacific island's leaders have a creative solution to fix their cash-based economy that hasn't been done in the U.S. in nearly a century. But will regulators approve? ... Read full article

Readers react to the CFPB’s final arbitration rule, a new potential hurdle for initial coin offerings, a housing finance reform proposal and more. ... Read full article

Up to now, the most successful fintech firms have tried to fill gaps in underserved market, not replace banks. But a new crop of U.K. startups seeking bank charters is turning up the heat. ... Read full article

The procedures manual follows other steps the Federal Deposit Insurance Corp. has taken to try to clarify its process for evaluating charter bids. ... Read full article

Beacon Community Bank seeks to become the first new bank in South Carolina in roughly a decade. ... Read full article

Beacon Community Bank aims to become the first bank to open in Charleston, S.C., in a decade. ... Read full article

Regulators have hinted that they're warming up to the idea of startups, but industry veteran George Groves is raising money to buy an existing bank because he fears the approval process will take too long. ... Read full article

Bank of Austin still needs approval from the Federal Deposit Insurance Corp., though organizers remain hopeful it can open this summer. ... Read full article

The Office of the Comptroller of the Currency has given preliminary conditional approval for Winter Park National Bank, allowing organizers to work on office space, hire staff and raise capital. ... Read full article

Arizona, Nevada, Florida and North Carolina have lost more banks than other states, based on the percentage decline since 2010. Each has a unique set of reasons that goes beyond regulation and a dearth of de novo activity. ... Read full article

Numerous investor groups have submitted applications in recent months to open new banks. While far from a surge, the filings show that bankers are warming up to the idea of new charters. Here is a look at many of those efforts. ... Read full article

A strong economy, large numbers of small businesses and a shakeout from industry consolidation are making the area between Los Angeles and San Diego appealing to bank organizers. ... Read full article

National charters have fallen out of favor in recent years, but that isn't deterring David Dotherow from pursuing one for his Florida de novo. ... Read full article