De novo institutions

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


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


Michigan de novo surpasses capital goal, plans May opening


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


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


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


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


'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.


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


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


Post-crisis organizers find a whole new de novo ballgame


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.


North Carolina de novo inches closer to opening


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


De novos breed small businesses, Florida Bankers chief says


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.


Where the small-bank lobby will focus next


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.


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


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