Bowman: Regulatory Framework Must Not Constrain New Bank Formation
In a recent speech, Federal Reserve Gov. Michelle Bowman addresses the lack of new bank formations in the last decade and what can be done to encourage more de novo banks.
Browsing: De novo banks
ABA Supports Bill to Study Challenges Faced by Prospective De Novos
In a letter sent ahead of a House Committee on Financial Services markup tomorrow, the American Bankers Association expressed support for H.R. 4590, the Promoting New and Diverse Depository Institutions Act, introduced by Rep. Jake Auchincloss (D-Mass.).
ABA Supports Bill to Encourage De Novo Bank Formation
The American Bankers Association today submitted a letter of support for H.R. 2561, the Promoting Access to Capital in Underbanked Communities Act of 2021, which would establish a three-year phase-in period for new banks to comply with federal capital standards, among other provisions designed to promote de novo banking.
Rep. Barr Introduces ABA-Backed Bill to Encourage De Novo Bank Formation
To help expand access to banking services and promote financial inclusion, Rep. Andy Barr (R-Ky.) last week introduced H.R. 2561, the Promoting Access to Capital in Underbanked Communities Act of 2021, which would establish a three-year phase-in period for new banks to comply with federal capital standards, among other provisions designed to promote de novo formation.
Podcast: Crafting a New Bank Amid COVID-19
When the coronavirus pandemic began, Craft Bank was just about to begin its capital raise as a de novo community bank in Atlanta. With its roadshow about to begin, CEO Ross Mynatt and his small team threw out the playbook and began pivoting.
Amid Rising Uncertainty, a Path Forward
A look at ABA’s government relations agenda for 2021
ABA Opposes Rakuten’s Third Attempt at Federal Deposit Insurance
The American Bankers Association wrote to the FDIC today expressing strong opposition to another attempt by Rakuten, a major Japanese e-commerce company, to obtain federal deposit insurance.
FDIC Finalizes Requirements for ILCs Seeking Deposit Insurance
The FDIC today finalized a rule requiring certain conditions and commitments for deposit insurance applications from an industrial loan company whose parent company is not subject to Federal Reserve supervision.
CEO Q&A: Healing ‘Pain Points’ for Family Businesses
A conversation with Wendy Cai-Lee of de novo Piermont Bank on the unique needs of multigenerational family firms.
Podcast: Healing ‘Pain Points’ for Multigenerational Family Businesses
Wendy Cai-Lee leads one of the latest crop of U.S. de novo banks: Piermont Bank, opened to address “pain points” faced by middle-market businesses.