Regulators have hinted that they're warming up to the idea of startups, but industry veteran George Groves is raising money to buy an existing bank because he fears the approval process would take too long.
Arizona, Nevada, Florida and North Carolina have lost more banks than other states, based on the percentage decline since 2010. Each has a unique set of reasons that goes beyond regulation and a dearth of de novo activity.
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.