De novo institutions

Organizers of Scottsdale Community Bank plan to raise a minimum of $16 million.

Community banks count on personal service as a differentiator to win business. But legacy technology issues can get in the way.

Watermark Bank would focus on business banking and entrepreneurs, with technology and concierge services designed to target those customers.

Beacon Community Bank, which opened in January, raised $34 million through a private placement.

A group led by former community bank CEO Dave Mallett hopes Ohio State Bank will open for business in Columbus by the end of the year.

Tax reform and the need for new, tech-savvy banks to compete with fintechs are high on a growing list of factors encouraging investors to gamble on banking startups.

Green Apple Bank & Trust, which recently filed an application with regulators, plans to open in the western part of the state by the end of this year.

Organizers of Studio Bank in Nashville have raised more than $40 million, satisfying the minimum amount set by regulators.

Organizers of CommerceOne Bank in Birmingham must raise at least $30 million before opening.

A Virginia bank's decision to pursue a charter in North Carolina puzzles some observers, given the added complexity and costs.