De novo institutions

Organizers propose new bank in Ohio

08/04/20

First Bank of Central Ohio would be based near Columbus, where another group opened a bank last year.

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De novo started by gamblers rolls dice on banking them

07/30/20

Lexicon Bank in Las Vegas, whose chairman was a professional gambler, is actively courting poker players to open deposit accounts for their tournament winnings.

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First Women's Bank receives conditional approval from FDIC

07/16/20

The proposed Chicago de novo would focus on serving female entrepreneurs.

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Juneteenth, OCC targeting ex-Wells execs, deposit glut: Top stories of the week

06/19/20

JPMorgan Chase, Fifth Third, Truist among banks closing early to observe Juneteenth; inside the OCC's effort to extract $37.5M from former Wells Fargo execs; banks are at a loss what to do with record amount of funds; and more from this week's most-read stories.

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Why serial acquirer Stephen Gordon is starting a bank from scratch

06/15/20

The last bank where he was CEO, Opus Bank, ran into trouble largely because it made too many acquisitions in too short a time span. This time around, Gordon will take a more methodical approach.

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Coronavirus undermines de novo bank effort in Florida

06/11/20

Organizers of Coastal Community Bank withdrew their application after the pandemic disrupted efforts to raise capital.

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Organizers planning de novo bank in New York City

06/10/20

The group behind NewBank is pursuing a charter with the Office of the Comptroller of the Currency to offer banking services nationwide.

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Former Opus chief leads group behind proposed California bank

06/09/20

Stephen Gordon would become chairman and CEO of Genesis Bank, which is looking to raise $53 million in initial capital.

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Proposed Georgia bank secures conditional regulatory approval

05/20/20

Craft Bank, which plans to open this summer, is in the final stage of raising $30 million in initial capital.

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PPP lending helps brand-new bank get off to promising start

05/17/20

Triad Business Bank in North Carolina, which opened in March, has made $106 million in Paycheck Protection loans.

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