De novo institutions

Loyal Trust Bank is the seventh proposed bank in 2019 to secure the agency's approval for deposit insurance.

Organizers of Silver River Community Bank must raise $17 million before opening.

The Unity, Maine-based institution, which should open in the fall, will provide member business loans and other products to local farmers.

Groups seeking to open a new institution will submit preliminary information for review by the National Credit Union Administration.

Melinda McClure and Richard Horn have joined the management team at Old Dominion Bank in northern Virginia after struggling to raise enough capital for their de novo effort.

Millyard Bank is on a course to open by the end of this year.

Piermont Bank, set to open this week, will be the city's second new bank this year.

Ribbon-cuttings for de novos have become more common as regulators have warmed up to the idea of granting new charters. These are the banks that have opened this year, along with more that are on track to do so.

Trustar Bank is set to debut in northern Virginia in July.

Organizers of Community Bank of the Carolinas in Winston-Salem said that they will return capital to investors and pursue other alternatives, including buying an existing bank.