De novo banks

FDIC defends right to charter new banks against OCC criticism

08/04/17

After repeated attacks from acting Comptroller of the Currency Keith Noreika, the Federal Deposit Insurance Corp. defended its role in greenlighting prospective bank applicants.

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'To unbank the banked': Comments of the Week

08/04/17

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.

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Bank in limbo: American Samoa's bold attempt to save its economy

07/31/17

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?

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‘Permission to commit legal extortion’: Comments of the week

07/28/17

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

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The battle between banks and disruptors is just beginning

07/27/17

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.

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FDIC unveils guide for staff reviewing new bank applications

07/10/17

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

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South Carolina de novo looks to raise up to $34 million

06/19/17

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

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De novo field widens with S.C. group's application

06/08/17

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

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Why de novos are still a no-no for this banker

05/23/17

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.

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Texas commissioner approves state's first bank application since 2009

05/09/17

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

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