The dearth of de novo banks in recent years was blamed, at least in part, for the rise of such developments as “charter-strip” banks, shift to a “shadow banking” system, and “banking as a service,” […]
With the application approval of a bank to be located in St. George, Utah, earlier this month, nine “de novo” bank applications have been OK’d by the federal insurer of bank deposits in 2019 – […]
The July 30 meeting of the Advisory Committee on Community Banking will include FDIC senior staff providing an update on various supervisory policy issues and the FDIC Subcommittee on Supervision Modernization, as well as a […]
Formation of more de novo banks, reduced regulatory burden for community banks, and establishment of an “Office of Innovation” are all priorities for 2019 of the chairman of the federal insurer of bank deposits, the […]
A request for information (RFI) – out for comment until Feb. 11 – and other initiatives related to the deposit insurance application process for de novo (new) banks and to promote a more transparent, streamlined, and […]
Any group interested in starting a de novo community bank will find a ready partner in the agency that insures bank deposits and serves as the lead federal supervisor for most community banks, the agency’s […]
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