De novo institutions

FDIC clears path for North Carolina de novo bank


Organizers of Community Bank of the Carolinas still need to raise $25 million and secure approval from the state's banking commissioner.


Nashville de novo moves to a different beat


Murals on the walls and pizza parties are just a couple of ways Studio Bank is trying to court music and entertainment clients as part of a broader niche-lending strategy.


Small banks warned not to over-rely on fintech partnerships


Building alliances with startups is the most affordable route for community banks that want to offer innovative services, but industry officials cautioned that they must be balanced with smart internal investments, too.


Connecticut group applies for national bank charter


Nexos National Bank would be led by Gordon Baird, a former Citi executive. A former New York banking commissioner is set to join the proposed bank's board.


High-profile exec to leave Live Oak in North Carolina


Scott Custer is set to become chairman of Dogwood State Bank, a proposed North Carolina de novo.


FDIC approves Massachusetts de novo application


New Valley Bank & Trust is set to become the state’s first new bank since 2008.


N.C. de novo effort closes in on initial capital goal


Organizers of Community Bank of the Carolinas in Winston-Salem have raised $18 million. The group has to bring in at least $25 million.