De novo institutions

Millyard Bank is on a course to open by the end of this year.

Piermont Bank, set to open this week, will be the city's second new bank this year.

Ribbon-cuttings for de novos have become more common as regulators have warmed up to the idea of granting new charters. These are the banks that have opened this year, along with more that are on track to do so.

Trustar Bank is set to debut in northern Virginia in July.

Organizers of Community Bank of the Carolinas in Winston-Salem said that they will return capital to investors and pursue other alternatives, including buying an existing bank.

There’s a long list of reasons traditional lenders haven't kept up with the needs of entrepreneurs, says Judith Erwin, the head of Grasshopper Bank in New York. One is not asking for enough feedback.

Founders Bank is the latest de novo effort that will target the nation's capital.

The group behind Bank of St. George is looking to bring in up to $22 million in initial capital.

Many community banks have given up on national mortgage platforms as not worth the effort, but organizers of NXG Bank in Maryland say they have a plan to make one work.

Lori Bettinger is one of the organizers of NXG Bank, which has applied to open in Columbia, Md.

It's admirable that the National Credit Union Administration wants to make opening a de novo easier but organizers will still face challenges in raising the necessary funds to launch a new credit union.

During its monthly meeting, the National Credit Union Administration board also approved a proposal to increase CU access to non-member deposits, a move bankers are already railing against.

American Bank & Trust opened after organizers raised more than $22.5 million.

Otoe-Missouria Federal Credit Union in Red Rock, Okla., was designated as a low-income institution.

The coastal city quickly rebounded after being hit by Hurricane Harvey in August 2017.

Triad Business Bank adds to the list of de novo efforts taking place in the state.

Tandem Bank has approval from the Georgia Department of Banking and Finance as its aims to become the state's first new bank since the financial crisis.

Alternative providers like courting new banks. De novos like the modern features many alternative providers offer upfront.

MiCommunity Bancorp, which will be Michigan's first new bank since the financial crisis, raised $30 million in initial capital.

Organizers of the Bank of St. George have filed an application with the FDIC and state regulators and plan a public stock offering.