De novo institutions

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.

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

Otoe-Missouria Federal Credit Union in Red Rock, Okla., was designated as a low-income institution.

The coastal city quickly rebounded after being hit by Hurricane Harvey in August 2017.

Triad Business Bank adds to the list of de novo efforts taking place in the state.

Tandem Bank has approval from the Georgia Department of Banking and Finance as its aims to become the state's first new bank since the financial crisis.

Alternative providers like courting new banks. De novos like the modern features many alternative providers offer upfront.

MiCommunity Bancorp, which will be Michigan's first new bank since the financial crisis, raised $30 million in initial capital.

Organizers of the Bank of St. George have filed an application with the FDIC and state regulators and plan a public stock offering.

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