De novo institutions

Juneteenth, OCC targeting ex-Wells execs, deposit glut: Top stories of the week

06/19/20

JPMorgan Chase, Fifth Third, Truist among banks closing early to observe Juneteenth; inside the OCC's effort to extract $37.5M from former Wells Fargo execs; banks are at a loss what to do with record amount of funds; and more from this week's most-read stories.

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Why serial acquirer Stephen Gordon is starting a bank from scratch

06/15/20

The last bank where he was CEO, Opus Bank, ran into trouble largely because it made too many acquisitions in too short a time span. This time around, Gordon will take a more methodical approach.

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Coronavirus undermines de novo bank effort in Florida

06/11/20

Organizers of Coastal Community Bank withdrew their application after the pandemic disrupted efforts to raise capital.

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Organizers planning de novo bank in New York City

06/10/20

The group behind NewBank is pursuing a charter with the Office of the Comptroller of the Currency to offer banking services nationwide.

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Former Opus chief leads group behind proposed California bank

06/09/20

Stephen Gordon would become chairman and CEO of Genesis Bank, which is looking to raise $53 million in initial capital.

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Proposed Georgia bank secures conditional regulatory approval

05/20/20

Craft Bank, which plans to open this summer, is in the final stage of raising $30 million in initial capital.

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PPP lending helps brand-new bank get off to promising start

05/17/20

Triad Business Bank in North Carolina, which opened in March, has made $106 million in Paycheck Protection loans.

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Louisiana group applies to form Native American bank

05/08/20

Organizers representing five tribes aim to create a financial institution to serve their members.

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Proposed Tennessee de novo gets conditional regulatory approval

05/01/20

Organizers of Rockpoint Bank still need to raise $30 million before opening.

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Organizers plan women-owned bank in Houston

04/03/20

The proposed Agility Bank would rely heavily on digital offerings. It is pursing a national charter with the Office of the Comptroller of the Currency.

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