De novo institutions

Small core providers see de novos as a ‘land grab’ opportunity

04/18/19

Alternative providers like courting new banks. De novos like the modern features many alternative providers offer upfront.

[more]

Michigan de novo surpasses capital goal, plans May opening

04/15/19

MiCommunity Bancorp, which will be Michigan's first new bank since the financial crisis, raised $30 million in initial capital.

[more]

De novo group aims to open first Utah bank in decade-plus

04/11/19

Organizers of the Bank of St. George have filed an application with the FDIC and state regulators and plan a public stock offering.

[more]

Moynihan's call for unity, CFPB payday revamp, Morgan Stanley's AI strategy: Top stories of the week

04/05/19

'There is no division in our industry': BofA's Moynihan says; why CFPB's payday revamp is an even bigger deal than you think; Morgan Stanley's new data strategy for higher quality AI; and more from this week's most-read stories.

[more]

For de novos, the hardest part about starting up is staffing up

04/02/19

New banks need to add loans to turn a profit. The problem for many is finding the lenders necessary to make that happen.

[more]

Post-crisis organizers find a whole new de novo ballgame

03/31/19

While regulators now seem eager to help, organizers are discovering that they must raise more capital and have diverse business models to get charters approved.

[more]

North Carolina de novo inches closer to opening

03/29/19

Community Bank of the Carolinas must raise about $4 million before becoming the state’s first new bank since the financial crisis.

[more]

De novos breed small businesses, Florida Bankers chief says

03/25/19

Alex Sanchez acknowledges that the U.S. has a lot of banks and many failed in the crisis, but he says a healthy economy needs a fresh supply of community lenders to nurture entrepreneurs.

[more]

Where the small-bank lobby will focus next

03/18/19

Congress granted banks significant reg relief last year, but incoming ICBA Chairman Preston Kennedy says a lighter touch is needed with Bank Secrecy Act rules, loan-loss modeling and call reports.

[more]

Will BB&T-SunTrust start a de novo wave?

03/12/19

Big bank mergers have historically been a catalyst for startups. Experts say it could happen again.

[more]