De novo institutions

Houston de novo effort secures conditional regulatory approval

10/20/20

Agility Bank, one of two women-led groups seeking charters, is looking to open next spring.

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Arizona group receives conditional approval to open a de novo bank

10/08/20

Organizers of Scottsdale Community Bank must raise $16 million. The goal is to hit that goal and open by early 2021.

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Group with ties to Michigan brokerage firm applies to form a bank

10/07/20

The proposed Multi-Bank shares an address with the Fort Lauderdale, Fla., office of Multi-Bank Securities.

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Organizers propose 'values-based' bank in Florida

10/05/20

Climate First Bank, which would be led by veteran banker Ken LaRoe, would offer loans to help individuals and organizations make environmentally sound decisions.

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Coronavirus dims outlook for new credit union charters

09/30/20

The National Credit Union Administration generally only approves a handful of charters each year, but sustained economic troubles are likely to make launching a new institution even more challenging.

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Organizers plan de novo bank in San Francisco area

09/24/20

New Enterprise Bank, which would focus on serving "innovative firms," plans to open next year.

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Wells Fargo's AI, Amex's Kabbage buy, refi fee fallout: Top stories of the week

08/21/20

When customers contact Wells Fargo, its artificial intelligence system goes to work; what American Express is getting with it purchase of Kabbage; Fannie, Freddie refi fee will wipe out millions in mortgage profits; and more from this week's most-read stories.

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Is Texas commissioner sending message with de novo rejection?

08/18/20

Observers say the rare denial is rooted in skepticism that a new bank can succeed under current economic conditions and a signal to other proposed banks to hit the pause button.

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Organizers lay out ambitious plan for New Orleans de novo bank

08/17/20

ViZ Bank would eventually have branches across several major U.S. cities, including Dallas, Denver and Atlanta. It would also offer a program to help former inmates build savings and establish credit.

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Florida trust company applies to become a state-chartered bank

08/07/20

Cypress Trust Co. has requested deposit insurance from the Federal Deposit Insurance Corp.

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