De novo institutions

One group's plea to move mutuals off endangered list: Relax de novo standards


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


North Carolina de novo receives FDIC approval


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


FDIC extends comment period on de novo bank process


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.


Former WashingtonFirst execs plan new bank in Northern Virginia


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


De novo activity's up, but organizers face familiar obstacles


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


Washington de novo receives conditional FDIC approval


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


Organizers plan bank in central Florida


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


Group files to open Atlanta-area bank


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


FDIC paves way for another de novo effort in North Carolina


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.


Will de novo activity pick up in 2019? Think again


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.