News Topic: De novo institutions

Verdigris Bank would also rely heavily on technology as part of its business plan. ... Read full article

The Rakuten application has opened another front in the battle over nonfinancial companies' ownership of banks. ... Read full article

The application for Riverside Bank of Dublin comes just six months after another group opened a bank in a nearby market. ... Read full article

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

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

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. ... Read full article

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. ... Read full article

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. ... Read full article

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. ... Read full article

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

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. ... Read full article

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

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

Melinda McClure and Richard Horn have joined the management team at Old Dominion Bank in northern Virginia after struggling to raise enough capital for their de novo effort. ... Read full article

Millyard Bank is on a course to open by the end of this year. ... Read full article

Piermont Bank, set to open this week, will be the city's second new bank this year. ... Read full article

Ribbon-cuttings for de novos have become more common as regulators have warmed up to the idea of granting new charters. These are the banks that have opened this year, along with more that are on track to do so. ... Read full article

Trustar Bank is set to debut in northern Virginia in July. ... Read full article