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New wave of de novos
Numerous investor groups have submitted applications in recent months to open new banks. While far from a surge, the filings show that bankers are warming up to the idea of new charters. Here is a look at many of those efforts.
Blue Gate Bank
Blue Gate Bank in Costa Mesa, Calif., opened on Jan. 23. Molly Gallaher Flater, the bank's chairman, began planning Blue Gate in 2015. The Federal Deposit Insurance Corp. approved the bank's application in October, requiring the founders to raise at least $30 million in capital.