De novo institutions

One group's plea to move mutuals off endangered list: Relax de novo standards

02/14/19

While proponents contend the model could help reach the underbanked, there remain many arguments against it.

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North Carolina de novo receives FDIC approval

02/13/19

Now the organizers of American Bank & Trust must raise $20 million to open the state's first new bank since the financial crisis.

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FDIC extends comment period on de novo bank process

02/12/19

The agency began seeking comments in December through a "request for information" on how to improve the agency's process for considering new deposit insurance applications.

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Former WashingtonFirst execs plan new bank in Northern Virginia

01/29/19

Shaza Andersen, a well-known banker around the nation's capital, would serve as Trustar Bank's CEO.

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De novo activity's up, but organizers face familiar obstacles

01/24/19

Three groups in North Carolina have scrapped plans to start banks because of difficulty raising capital, among other reasons.

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Washington de novo receives conditional FDIC approval

01/14/19

Though it wil be based in the nation's capital, MOXY Bank will also have significant operations in Charlotte, N.C.

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Organizers plan bank in central Florida

01/10/19

Silver River Community Bank is the fifth de novo in Florida to apply with the FDIC in the last three years.

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Group files to open Atlanta-area bank

01/07/19

Organizers are planning to raise up to $25 million for Tandem Bank.

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FDIC paves way for another de novo effort in North Carolina

12/31/18

Spirit Community Bank is the 15th bank to get the agency's approval this year. That list also includes Community Bank of the Carolinas, which was approved in early December.

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Will de novo activity pick up in 2019? Think again

12/21/18

More banks were approved this year than any since the financial crisis. But challenges with raising capital, and a change in the political landscape, could deter prospective applicants next year.

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