News Topic: De novo institutions

Several groups have gone public with plans to start a bank since the state enacted a law to make it easier, but none have actually filed with the FDIC. ... Read full article

American National Bankshares is trying to force the proposed American Bank & Trust to change its name. ... Read full article

Bankers are eager to expand there through M&A, de novos or other means, encouraged by strong employment and disruption created by recent consolidation. ... Read full article

While proponents contend the model could help reach the underbanked, there remain many arguments against it. ... Read full article

Now the organizers of American Bank & Trust must raise $20 million to open the state's first new bank since the financial crisis. ... Read full article

The agency began seeking comments in December through a "request for information" on how to improve the agency's process for considering new deposit insurance applications. ... Read full article

Shaza Andersen, a well-known banker around the nation's capital, would serve as Trustar Bank's CEO. ... Read full article

Three groups in North Carolina have scrapped plans to start banks because of difficulty raising capital, among other reasons. ... Read full article

Though it wil be based in the nation's capital, MOXY Bank will also have significant operations in Charlotte, N.C. ... Read full article

Silver River Community Bank is the fifth de novo in Florida to apply with the FDIC in the last three years. ... Read full article

Organizers are planning to raise up to $25 million for Tandem Bank. ... Read full article

Spirit Community Bank is the 15th bank to get the agency's approval this year. That list also includes Community Bank of the Carolinas, which was approved in early December. ... Read full article

More banks were approved this year than any since the financial crisis. But challenges with raising capital, and a change in the political landscape, could deter prospective applicants next year. ... Read full article

The FDIC has approved more new banks this year than in the last four years combined. Here is a look at the class of 2018. ... Read full article

Millyard Bank aims to become the state's second post-crisis de novo. Primary Bank opened in 2015. ... Read full article

Readers sound off on the CFPB's name change, whether the Post Office should be allowed to engage in banking services and the FDIC's call to revamp the de novo process. ... Read full article

The agency's request for comment about the deposit insurance application process is among a series of actions aimed at streamlining charter applications. ... Read full article

A pipeline of new banks is critical to the long-term health of the industry and communities across the country, argues FDIC Chairman Jelena McWilliams. ... Read full article