De novo institutions

Thrivent hires former MUFG Union executive to run proposed bank

03/03/21

Brian Milton, who ran MUFG Union's digital bank, was named head of banking and would become CEO of Thrivent Bank, a digitally focused platform that plans to operate as an industrial loan company.

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Thrivent pursuing ILC charter to offer nationwide digital platform

02/24/21

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

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This startup bank's mission: Environmental justice

02/10/21

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.

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OCC approves trust charter for second crypto firm

02/05/21

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.

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Former Opus chief is one step closer to opening California de novo

02/03/21

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

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Arizona group files to open Gainey Business Bank

01/28/21

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

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FDIC provides conditional approval for Ohio de novo bank

01/11/21

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

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

12/30/20

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.

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FDIC signs off on Southern California de novo

12/24/20

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

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Florida group looks to form bank

12/15/20

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

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