The breathtaking rise in the number of start-up banks is finally showing signs of leveling off.

So far this year, 216 applications to insure a new bank or thrift have been filed with the Federal Deposit Insurance Corp. At this rate, 355 applications would be filed this year, 4% below last year. Since 1992, applications for insurance have increased an average of nearly 34% a year, according to the FDIC.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.