De novo institutions

Coronavirus dims outlook for new credit union charters

09/30/20

The National Credit Union Administration generally only approves a handful of charters each year, but sustained economic troubles are likely to make launching a new institution even more challenging.

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Organizers plan de novo bank in San Francisco area

09/24/20

New Enterprise Bank, which would focus on serving "innovative firms," plans to open next year.

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Wells Fargo's AI, Amex's Kabbage buy, refi fee fallout: Top stories of the week

08/21/20

When customers contact Wells Fargo, its artificial intelligence system goes to work; what American Express is getting with it purchase of Kabbage; Fannie, Freddie refi fee will wipe out millions in mortgage profits; and more from this week's most-read stories.

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Is Texas commissioner sending message with de novo rejection?

08/18/20

Observers say the rare denial is rooted in skepticism that a new bank can succeed under current economic conditions and a signal to other proposed banks to hit the pause button.

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Organizers lay out ambitious plan for New Orleans de novo bank

08/17/20

ViZ Bank would eventually have branches across several major U.S. cities, including Dallas, Denver and Atlanta. It would also offer a program to help former inmates build savings and establish credit.

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Florida trust company applies to become a state-chartered bank

08/07/20

Cypress Trust Co. has requested deposit insurance from the Federal Deposit Insurance Corp.

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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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