De novo institutions

Building alliances with startups is the most affordable route for community banks that want to offer innovative services, but industry officials cautioned that they must be balanced with smart internal investments, too.

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.

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.