De novo institutions

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Regulators may be willing to grant new charters, but economic uncertainties, capital hurdles and inexperience have led the organizers of numerous bank startups to give up in the last few years.

FWBank would be led by Marianne Markowitz, former acting SBA director. Amy Fahey, a former JPMorgan Chase executive, would serve as chairman.

Skip Brown, an executive with Winston-Salem Banking Group, says it has signed a letter of intent to buy a community bank three months after withdrawing a charter application.

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.