Capital

Founders Bank is the latest de novo effort that will target the nation's capital.

The group behind Bank of St. George is looking to bring in up to $22 million in initial capital.

Many community banks have given up on national mortgage platforms as not worth the effort, but organizers of NXG Bank in Maryland say they have a plan to make one work.

Lori Bettinger is one of the organizers of NXG Bank, which has applied to open in Columbia, Md.

Grasshopper Bancorp will target the innovation economy in New York City and other markets across the country.

During its monthly meeting, the National Credit Union Administration board also approved a proposal to increase CU access to non-member deposits, a move bankers are already railing against.

The pace is torrid now, but it could slow if bank stock prices keep rising and one prominent lawmaker’s proposal to restrict share repurchases gains traction.

The company agreed to buy Charter Bank, which has four branches and $161 million in assets.

American Bank & Trust opened after organizers raised more than $22.5 million.

Blue Ridge Bankshares will be based in Charlottesville, Va., after completing its $43 million purchase of Virginia Community Bancshares.