De novo institutions

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Zekarias Tamrat blamed the proposed Marathon International Bank's chairman and directors for delays in getting its application approved.

A task force created by the American Bankers Association asserts that applying for a bank charter is too time-consuming and that some de novo rules are too rigid.

At least six groups are exploring opening new banks in the state, which is enjoying an economic recovery and has a dearth of local financial institutions.

Organizers of Dogwood State Bank want to open Raleigh's first new bank since the financial crisis.

Organizers of Gainey Business Bank, a bank planned in Scottsdale, received approval from the state's banking regulator to raise capital while completing a charter application.

The North Carolina city lost all its locally owned banks, but a fintech push and more favorable economics for de novos could lead to an entry-level resurgence.

Moxy Bank would focus on low- and moderate-income depositors in the nation's capital, while operating a lending platform in North Carolina.

Branding can help define a de novo's strategy — and be costly and confusing to change if not done well.

VisionBank is the second de novo effort that would focus on the nation's capital.