De novo institutions

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New banks need to add loans to turn a profit. The problem for many is finding the lenders necessary to make that happen.

While regulators now seem eager to help, organizers are discovering that they must raise more capital and have diverse business models to get charters approved.

Community Bank of the Carolinas must raise about $4 million before becoming the state’s first new bank since the financial crisis.

The Association for Black Economic Power will receive an interest-free forgivable loan and a grant from the city to help pay for a retail space and equipment for the effort.

Alex Sanchez acknowledges that the U.S. has a lot of banks and many failed in the crisis, but he says a healthy economy needs a fresh supply of community lenders to nurture entrepreneurs.

Congress granted banks significant reg relief last year, but incoming ICBA Chairman Preston Kennedy says a lighter touch is needed with Bank Secrecy Act rules, loan-loss modeling and call reports.

Big bank mergers have historically been a catalyst for startups. Experts say it could happen again.

Loyal Trust Bank will have a large number of Asian-American investors and board members.

Gulf Atlantic Bank would be the eighth bank in the market, and just the second with local ownership.

Several groups have gone public with plans to start a bank since the state enacted a law to make it easier, but none have actually filed with the FDIC.

American National Bankshares is trying to force the proposed American Bank & Trust to change its name.

Bankers are eager to expand there through M&A, de novos or other means, encouraged by strong employment and disruption created by recent consolidation.

While proponents contend the model could help reach the underbanked, there remain many arguments against it.

Now the organizers of American Bank & Trust must raise $20 million to open the state's first new bank since the financial crisis.

The agency began seeking comments in December through a "request for information" on how to improve the agency's process for considering new deposit insurance applications.

Shaza Andersen, a well-known banker around the nation's capital, would serve as Trustar Bank's CEO.

Three groups in North Carolina have scrapped plans to start banks because of difficulty raising capital, among other reasons.

Though it would be based in the nation's capital, MOXY Bank would also have significant operations in Charlotte, N.C.

Silver River Community Bank is the fifth de novo in Florida to apply with the FDIC in the last three years.