The Soboba Band of Luiseño Indians plans to form a holding company and raise $25 million for Legacy Bank.
A group has filed paperwork with the FDIC to form Legacy Bank in Temecula.
Scottsdale Community Bank's organizers took advantage of a state law letting them raise capital months before seeking deposit insurance.
More details have surfaced about Interactive Brokers' planned bank. It would accept deposits and originate loans through an online channel only, its application says.
A group affiliated with Interactive Brokerage Group has filed an application with the FDIC to form Interactive Bank.
Verdigris Bank would also rely heavily on technology as part of its business plan.
The Rakuten application has opened another front in the battle over nonfinancial companies' ownership of banks.
The application for Riverside Bank of Dublin comes just six months after another group opened a bank in a nearby market.
OUR Community Bank would focus on small-business loans with an emphasis on underserved Hispanic and Latino communities in South Florida.
Even with the FDIC actively encouraging groups to start banks, challenges like raising capital and low interest rates make it tough.
