De novo institutions

Nexos National Bank would be led by Gordon Baird, a former Citi executive. A former New York banking commissioner is set to join the proposed bank's board.

Scott Custer is set to become chairman of Dogwood State Bank, a proposed North Carolina de novo.

New Valley Bank & Trust is set to become the state’s first new bank since 2008.

Organizers of Community Bank of the Carolinas in Winston-Salem have raised $13.6 million. The group has to bring in at least $25 million.

Recent comments from the chairman of the National Credit Union Administration signal the agency may soon take a lighter touch with small institution

Organizers plan to raise $25 million to $35 million in initial capital to focus on small and midsize businesses in northern Virginia.

BNY Mellon snags tech exec from Bank of America as CTO; dissent spreads at CFPB over top aide's writings; Anne Finucane ready to lead BofA's European operations; and more from this week's most-read stories.

MiCommunity Bancorp would be the first bank to open in Michigan in 10 years.

A new agency Web page has information on nearly every aspect of the agency's operations, including de novo applications, bank exams and failures.

Applications this year are more than double the 2017 mark and the most since 2009. But with some fintechs withdrawing their bids, observers are urging caution.