De novo institutions

Group plans new bank in Houston

05/09/19

The coastal city quickly rebounded after being hit by Hurricane Harvey in August 2017.

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Organizers planning de novo bank in North Carolina

05/07/19

Triad Business Bank adds to the list of de novo efforts taking place in the state.

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De novo effort in Atlanta gets one step closer to opening

05/04/19

Tandem Bank has approval from the Georgia Department of Banking and Finance as its aims to become the state's first new bank since the financial crisis.

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Small core providers see de novos as a ‘land grab’ opportunity

04/18/19

Alternative providers like courting new banks. De novos like the modern features many alternative providers offer upfront.

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Michigan de novo surpasses capital goal, plans May opening

04/15/19

MiCommunity Bancorp, which will be Michigan's first new bank since the financial crisis, raised $30 million in initial capital.

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De novo group aims to open first Utah bank in decade-plus

04/11/19

Organizers of the Bank of St. George have filed an application with the FDIC and state regulators and plan a public stock offering.

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Moynihan's call for unity, CFPB payday revamp, Morgan Stanley's AI strategy: Top stories of the week

04/05/19

'There is no division in our industry': BofA's Moynihan says; why CFPB's payday revamp is an even bigger deal than you think; Morgan Stanley's new data strategy for higher quality AI; and more from this week's most-read stories.

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For de novos, the hardest part about starting up is staffing up

04/02/19

New banks need to add loans to turn a profit. The problem for many is finding the lenders necessary to make that happen.

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Post-crisis organizers find a whole new de novo ballgame

03/31/19

While regulators now seem eager to help, organizers are discovering that they must raise more capital and have diverse business models to get charters approved.

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North Carolina de novo inches closer to opening

03/29/19

Community Bank of the Carolinas must raise about $4 million before becoming the state’s first new bank since the financial crisis.

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