De novo institutions

Billie Jean King invests in Chicago de novo effort

03/24/21

The tennis legend will also serve as a strategic adviser on gender equality issues and First Women's Bank, which will be mostly owned and run by women.

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Why U.K.'s Revolut wants a U.S. charter

03/22/21

The fintech, which has applied for a California banking license and federal deposit insurance, aims to become a full-service online bank for 1 million Americans by year-end, says Ron Oliveira, its U.S. chief executive.

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Chartering a new credit union shouldn't be this hard

03/22/21

Changes to CDFI Fund regulations could make it significantly easier to raise the capital required to get a new institution off the ground.

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RockPoint Bank cleared to open in Tennessee

03/19/21

The de novo, which raised $33 million in initial capital, will become the state's third new bank since the 2008 financial crisis.

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Florida banking veteran planning de novo

03/18/21

Keith Costello, who is looking to form Locality Bank, was president and CEO of First Green Bank when it was sold in 2018.

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FDIC approves Florida de novo that will focus on Latino customers

03/15/21

Organizers of the proposed Our Community Bank have received conditional approval that requires them to raise $18 million before opening.

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Florida money transfer company files to form digital bank

03/15/21

Payservices would use deposits largely to support its existing business. It has no plans to make loans.

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NCUA board members call for reforming de novo process

03/04/21

In remarks during CUNA’s online Governmental Affairs Conference, Vice Chairman Kyle Hauptman and board member Rodney Hood lambasted the lengthy process necessary for launching a new credit union.

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