OCC presents charter to de novo bank, first since financial crisis

The first de novo national bank chartered since the financial crisis of nearly 10 years ago was presented its license to operate Friday by the acting comptroller of the currency personally, who noted the “rare” circumstance.

According to Acting Comptroller Keith A. Noreika, Winter Park National Bank (of Winter Park, Fla.), is also the first de novo bank approved for Federal Deposit Insurance Corp. (FDIC) since the financial crisis.

But Noreika also noted that, while the interest in establishing new banks is “thawing as the economy warms,” the chartering of de novo banks remains “exceedingly rare.”

“Making the process of establishing de novo banks more efficient can only accelerate the recent positive trend and create more economic opportunity for consumers, businesses, and communities across the nation,” he said.

Acting Comptroller of the Currency Presents Winter Park National Bank Its Charter