De novo institutions

FDIC aims to smooth de novo process for nontraditional firms


The agency released two new manual supplements and other materials to help nonbanks and its own staff better understand application procedures.


North Carolina de novo on pace to open in March


Organizers of Triad Business Bank have raised enough capital and have received approval from the FDIC.


Chicago de novo bank effort cleared to raise capital


Organizers of First Women's Bank have also filled two key executive posts.


Bank planned in nation's capital secures FDIC approval


Organizers of Founders Bank in Washington are still need to raise at least $25 million before opening.


Group applies to form new bank in Dallas


Organizers of TYME Bank aim to take advantage of consolidation taking place around Texas.


Utah de novo gets conditional OK from FDIC


Organizers of Bank of St. George still need to raise $18 million before opening.


After leadership shake-up, what's next for Green Dot?


The prepaid card pioneer's banking-as-a-service platform might make it an attractive acquisition for an enterprise technology giant or bank, analysts say.


Another new bank proposed for Atlanta


Organizers have applied to form Craft Bank. If successful, the bank would become the third to open in the Atlanta area in recent years.


Organizers planning new bank in New York area


PiNG Bank, which would be based in Jersey City, is being proposed by former bankers at Cross River Bank, Citigroup and GSL Savings Bank.


Organizers plan de novo bank in Tennessee


Hamp Johnston, a former market executive at JPMorgan Chase, would serve as RockPoint Bank's president and CEO. The bank would be based in Chattanooga.