De novo institutions

Latest New York de novo will court middle-market firms


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


New banks of 2019


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.


Virginia to open first new bank since financial crisis


Trustar Bank is set to debut in northern Virginia in July.


Proposed North Carolina de novo withdraws application


Organizers of Community Bank of the Carolinas in Winston-Salem said that they will return capital to investors and pursue other alternatives, including buying an existing bank.


One banker's advice for product development: Let customers pitch in


There’s a long list of reasons traditional lenders haven't kept up with the needs of entrepreneurs, says Judith Erwin, the head of Grasshopper Bank in New York. One is not asking for enough feedback.


Former Bank of Georgetown execs plan new bank in Washington


Founders Bank is the latest de novo effort that will target the nation's capital.


Organizers start raising capital for proposed Utah bank


The group behind Bank of St. George is looking to bring in up to $22 million in initial capital.


De novo bets big on mortgages as other banks back off


Many community banks have given up on national mortgage platforms as not worth the effort, but organizers of NXG Bank in Maryland say they have a plan to make one work.


Former Tarp director involved with Maryland de novo effort


Lori Bettinger is one of the organizers of NXG Bank, which has applied to open in Columbia, Md.


North Carolina has first new bank since the financial crisis


American Bank & Trust opened after organizers raised more than $22.5 million.