De novo institutions

American National Bankshares is trying to force the proposed American Bank & Trust to change its name.

Bankers are eager to expand there through M&A, de novos or other means, encouraged by strong employment and disruption created by recent consolidation.

While proponents contend the model could help reach the underbanked, there remain many arguments against it.

Now the organizers of American Bank & Trust must raise $20 million to open the state's first new bank since the financial crisis.

The agency began seeking comments in December through a "request for information" on how to improve the agency's process for considering new deposit insurance applications.

Shaza Andersen, a well-known banker around the nation's capital, would serve as Trustar Bank's CEO.

Three groups in North Carolina have scrapped plans to start banks because of difficulty raising capital, among other reasons.

Though it would be based in the nation's capital, MOXY Bank would also have significant operations in Charlotte, N.C.

Silver River Community Bank is the fifth de novo in Florida to apply with the FDIC in the last three years.

Organizers are planning to raise up to $25 million for Tandem Bank.