De novo institutions

AmeriNational Community Services plans to form an industrial bank in Nevada.

Colin Walsh, Varo Money's CEO, learned a lot from his first stab at deposit insurance. Lesson one: Work with one regulator at a time.

The student loan servicer called the move a "temporary step back" in what it had expected to be a lengthy process.

Organizers of Watermark Bank aim to open early next year.

Varo Money just received conditional approval from the OCC. Now it has to raise capital, create a CRA plan and get a go-ahead from the FDIC.

The OCC required the company to raise more capital and complete a CRA plan. Varo Bank still needs FDIC and Fed approval before opening.

Organizers of Dogwood State Bank are looking to raise $75 million in hopes of opening by mid-2019.

Organizers of new banks want to cater to underbanked minorities, entrepreneurs, military veterans and other specialized groups.

The move is important for new banks in states like California, where a small-business lending program requires a three-star rating from the agency.

The first meeting is structured like a job interview. After that, organizers should expect plenty of questions about money, management and markets.