De novo institutions

North Carolina bank has a new headquarters and brand


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.


Regulators grant preliminary OK to Houston de novo


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.


Most Powerful Women in Banking, standout fintechs, Corbat on gender pay gap: Top stories of the week


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.


What's grounding so many de novos?


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.


Organizers apply with FDIC to open women-run bank in Chicago


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


North Carolina group switches plan from de novo to M&A


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.


FDIC approves Atlanta-area de novo


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


FDIC approves Florida group's de novo application


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


VisionBank team scraps plan for new Washington bank


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.


FDIC approves application for proposed N.H. de novo


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