News Topic: De novo institutions

The Fortune 500 conglomerate is looking to form Thrivent Bank to provide banking products to more customers. ... Read full article

Ken LaRoe, whose First Green Bancorp was sold a few years ago, is seeking approval for a de novo called Climate First Bank that would cater to low-income communities hurt by climate change and favor ecology-minded tech vendors. ... Read full article

Protego Trust Bank in Seattle will focus on providing custody services for investors that hold digital assets. The OCC decision comes weeks after the agency granted permission to a South Dakota trust company to offer crypto-related services. ... Read full article

A group led by Stephen Gordon has received conditional approval from the Federal Deposit Insurance Corp. to open Genesis Bank. ... Read full article

Organizers have been working raising capital and preparing an application for about four years. ... Read full article

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

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 ... Read full article

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

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

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. ... Read full article

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

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. ... Read full article

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

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. ... Read full article

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

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

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

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