De novo institutions

FDIC provides conditional approval for Ohio de novo bank


Organizers of First Bank of Central Ohio will need to raise $20 million before it opens.


Tall order for startup's leader: Keeping PPP borrowers in fold


Triad Business Bank opened in North Carolina shortly before the launch of the Paycheck Protection Program, which brought in many clients. CEO Ramsey Hamadi, one of our community bankers to watch in 2021, will have to work hard to retain them after their loans are forgiven.


FDIC signs off on Southern California de novo


Organizers of the proposed Legacy Bank must raise $25 million before opening.


Florida group looks to form bank


Waterfall Bank, which has ties to an investment group that handles affairs for family offices, would be based in the Tampa Bay area.


This de novo wants to be the go-to bank for fintechs


CEO Wendy Cai-Lee says Piermont Bank can do it all for financial technology firms: be their commercial banker, be their banking-as-a-service provider and develop APIs and other cutting-edge products for them.


Proposed digital bank to target Gen X customers


American Challenger Bank would offer consumer and commercial products using technology from Temenos. Organizers recently applied with the FDIC for deposit insurance.


$100K and a dream: College senior plots student-run credit union


A group at George Washington University has been working to open a de novo institution to serve students, but the would-be institution faces a variety of hurdles before it can open its doors.


Organizers apply to form bank in eastern Virginia


Integrity Bank for Business is being pursued by a group with ties to Heritage Bankshares, which was sold in 2016.


Proposed Tennessee de novo's organizers hit capital-raising goal


RockPoint Bank is on pace to open early next year. The announcement comes two weeks after Craft Bank became Atlanta's first new bank since 2010.


Organizers look to open bank in western North Carolina


Highlands Banking would be based in a community near the state's borders with Georgia and South Carolina.