De novo institutions

Executives at Miami-area microlender apply to form a bank


OUR Community Bank would focus on small-business loans with an emphasis on underserved Hispanic and Latino communities in South Florida.


It's not enough to fix the de novo application process


Even with the FDIC actively encouraging groups to start banks, challenges like raising capital and low interest rates make it tough.


North Carolina bank has a new headquarters and brand


Sound Bank is now Dogwood State Bank after its sale to an investor group. The buyers also moved Dogwoods State's corporate offices from eastern North Carolina to the state's capital.


Regulators grant preliminary OK to Houston de novo


Gulf Capital Bank has received conditional approval from state and federal officials and could be up and running late this year or early next year, its organizers say.


Most Powerful Women in Banking, standout fintechs, Corbat on gender pay gap: Top stories of the week


Cathy Bessant, BofA’s chief operations officer, is the Most Powerful Woman in Banking; 6 standout fintechs at Finovate 2019; the Citi CEO says gender pay gap is ‘a challenge we need to tackle together’; and more from this week’s most-read stories.


What's grounding so many de novos?


Regulators may be willing to grant new charters, but economic uncertainties, capital hurdles and inexperience have led the organizers of numerous bank startups to give up in the last few years.


Organizers apply with FDIC to open women-run bank in Chicago


FWBank would be led by Marianne Markowitz, former acting SBA director. Amy Fahey, a former JPMorgan Chase executive, would serve as chairman.


North Carolina group switches plan from de novo to M&A


Skip Brown, an executive with the the Winston-Salem Banking Group, says it has signed a letter of intent to buy a community bank three months after withdrawing a charter application.


FDIC approves Atlanta-area de novo


Loyal Trust Bank is the seventh proposed bank in 2019 to secure the agency's approval for deposit insurance.


FDIC approves Florida group's de novo application


Organizers of Silver River Community Bank must raise $17 million before opening.