De novo institutions

Climate First Bank, which would be led by veteran banker Ken LaRoe, would offer loans to help individuals and organizations make environmentally sound decisions.

The National Credit Union Administration generally only approves a handful of charters each year, but sustained economic troubles are likely to make launching a new institution even more challenging.

New Enterprise Bank would focus on venture capital and private equity firms that are involved in investment between China and the San Francisco area.

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Observers say the rare denial is rooted in skepticism that a new bank can succeed under current economic conditions and a signal to other proposed banks to hit the pause button.

Growing Oaks Federal Credit Union in Goldsby, Okla., plans to provide signature and auto loans initially and then expand into mortgages.

ViZ Bank would eventually have branches across several major U.S. cities, including Dallas, Denver and Atlanta. It would also offer a program to help former inmates build savings and establish credit.

Cypress Trust Co. has requested deposit insurance from the Federal Deposit Insurance Corp.

First Bank of Central Ohio would be based near Columbus, where another group opened a bank last year.

Lexicon Bank in Las Vegas, whose chairman was a professional gambler, is actively courting poker players to open deposit accounts for their tournament winnings.

The proposed Chicago de novo would focus on serving female entrepreneurs.

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The last bank where he was CEO, Opus Bank, ran into trouble largely because it made too many acquisitions in too short a time span. This time around, Gordon will take a more methodical approach.

Organizers of Coastal Community Bank withdrew their application after the pandemic disrupted efforts to raise capital.

The group behind NewBank is pursuing a charter with the Office of the Comptroller of the Currency to offer banking services nationwide.

Stephen Gordon would become chairman and CEO of Genesis Bank, which is looking to raise $53 million in initial capital.

Craft Bank, which plans to open this summer, is in the final stage of raising $30 million in initial capital.

Triad Business Bank in North Carolina, which opened in March, has made $106 million in Paycheck Protection loans.

Organizers representing five tribes aim to create a financial institution to serve their members.

Organizers of Rockpoint Bank still need to raise $30 million before opening.