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The California company has not established a time or pricing for the IPO.
April 9 -
Organizers of the Florida de novo will need to raise $17 million in capital before opening.
April 1 -
The tennis legend will also serve as a strategic adviser on gender equality issues and First Women's Bank, which will be mostly owned and run by women.
March 24 -
The depositor-owned banks are discouraged from participating in the Emergency Capital Investment Program because they can't issue preferred stock to back loans for underserved communities. It's another reason to overhaul their capital rules, mutuals argue.
March 22 -
The de novo, which raised $33 million in initial capital, will become the state's third new bank since the 2008 financial crisis.
March 19 -
Keith Costello, who is looking to form Locality Bank, was president and CEO of First Green Bank when it was sold in 2018.
March 18 -
Organizers of the proposed Our Community Bank still need to raise $18 million before opening.
March 15 -
Payservices would use deposits largely to support its existing business. It has no plans to make loans.
March 15 -
Comerica, Regions and KeyCorp executives say their companies will proceed with caution despite the green light from the Federal Reserve to buy back stock in case they have to cover a surge in loan growth as the economy recovers.
March 9 -
Six startups that seek to cater to Black and Hispanic consumers outside the financial mainstream are attracting heavy interest from investors. However, the new banks will vie with megabanks eyeing those same customers and with established minority-owned institutions suddenly brimming with new capital.
March 4